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Schroder increased Snowflake stake; company beat earnings, has $85B cap and "Moderate Buy" rating.
Schroder Investment Management Group increased its stake in Snowflake Inc. (SNOW) by 8.5% in Q2 2024, holding 565,172 shares worth $126.47 million.
Over the past 90 days, insiders sold 221,305 shares, totaling $52.93 million.
Snowflake reported Q2 2024 earnings of $0.35 EPS and $1.14 billion in revenue, surpassing estimates.
The company has a $85.03 billion market cap, a "Moderate Buy" analyst consensus, and a target price of $268.22.
Its Data Cloud platform supports global data management and AI integration.
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Schroder aumentó la participación en Snowflake; la compañía superó las ganancias, tiene una capitalización de $ 85B y una calificación de "Compra Moderada".