SNOW: It's a White Xmas for Insiders and MoMo TradersSnow has skied upwards to 398 today, from a post earning low of 272. With 20% short, the squeeze the short play has worked out great for the longs. With lock-up free coming up in 10 days (Dec 14) and market cap reaching over $100 bil, it's very probable the stock will retracet back to $355, then 320 around the VWAP.
Info about the co: As of the first quarter, research firm Forrester identified Snowflake’s data management products as being roughly as strong or stronger than Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), and Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL). Snowflake did, however, trail IBM (NYSE:IBM), Teradata (NYSE:TDC), Oracle (NYSE:ORCL) and SAP (NYSE:SAP) by significant amounts in the metric.
However, Snowflake’s pricing model, which enables its customers “to only pay for what they use in terms of computational processing and data storage,” differentiates it, according to a Seeking Alpha columnist. Further, Snowflake’s customer-satisfaction ratings, as measured by third-party websites, is the highest.
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