Snowflake Inc (SNOW) Options

Snowflake raises annual product revenue forecast
16:10:03 PM ET, 11/20/2024 - Reuters
Nov 20 (Reuters) - Snowflake raised its annual product revenue forecast on Wednesday, betting on robust demand for its data cloud and analytics platform as an easing economy allows clients to free up their budget for spending on technology.

The company now expects 2025 product revenue of $3.43 billion, compared with $3.36 billion it previously forecast.

Shares of the company jumped around 14% in extended trading.

Snowflake Reports Financial Results for the Third Quarter of Fiscal 2025
16:05:00 PM ET, 11/20/2024 - Business Wire

Product revenue of $900.3 million in the third quarter, representing 29% year-over-year growth
Net revenue retention rate of 127%
542 customers with trailing 12-month product revenue greater than $1 million
754 Forbes Global 2000 customers
Remaining performance obligations of $5.7 billion, representing 55% year-over-year growth
No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)--Nov. 20, 2024--Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced financial results for its third quarter of fiscal 2025, ended October 31, 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120291775/en/

great time to pick up a few coming off its 52 week bottom

Cheers

Great call

I really think SNOW$ found a bottom here..holding...

Yeah, I had added/averaged down when it dropped below $110, had 400 shares total.
Sold them before the news hit about more shares being priced.
For me this one is a little too risky in the current market conditions for me to keep a position.

I'm a scaler.. take small position, add if goes lower, if not, fine, take little off when goes higher, etcetera. Buy and sell little at a time, several limit orders that might or might not hit, fine.

Snowflake a moneymaker for me. I think it is what they call "systemic risk", meaning it won't go away imo.. SNOW$; bottom feeding here, gl....

I was lucky too make a small gain on my shares yesterday. I’ll probably reload if it gets down a few more bucks

..bought back SNOW$ today $110, glta ...

Bought 250 at $113

bought some SNOW merry christmas

~has to do with margins. Revs up but margins not as robust do to reinvestment. They doing a lot of investing in GPU’s, Nvidia I’m sure. Anyway it’ll bounce. Stupid overreaction.

Any idea if I'm missing something in the report causing the huge drop, everything looked great didn't it? The CEO came on Mad Money too and was very upbeat.
Let's see how this plays out. I'm expecting it to start recovering tomorrow itself, fingers crossed!

~I hope it goes up soon. Snow flop for now.

Headscratcher for sure,SNOW beat earnings and raised guidance but down big time in A/H. Grabbed some, will DCA if it drops more tomorrow. Should be back up in no time.

~what is going beat on top & bottom & it’s down ?!

~holding 8/30 $190C @.08c earnings after bell

SNOW 10Q due AUGUST 21

i'm so happy i didn't get into this mess a few months ago

only place for price to go is up now

Chart Update 7/14

SNOW generated a 5% drop in price this week (based on the weekly closes) and closed in the lower half of the week’s trading range, suggesting further downside below last week’s low at 132.20 will be seen this week. The drop seen was further exacerbated by a downgrade that occurred on Friday when Piper Sandler downgraded the stock from an upside objective of $240 down to $165. Having said that, this move down is likely to become the needed/required retest of the 18-month low at 122.60, which was made a few weeks ago. Intraweek support is found at 128.76, which should hold up if seen. Nonetheless and in looking at the daily closing chart, the breakout of the downtrend occurred when the daily close resistance at 130.67 was broken and that level is now support that should hold up if seen. Overall, the outlook for the stock fundamentally and chart-wise remains bullish and that means that once this retest of the low is over, a short-to-midterm rally will likely start with a chart objective that could be as high as $200. Nonetheless, there is weekly close resistance at 161.86 and at 184.18 that will likely stop the rally temporarily or overall. In looking at the daily closing chart, any daily close above 143.02 would likely mean the $160 level will be seen.

Look, I am about the most moral, ethical, principled and humane person you will ever find. By the same token, I live off of my trading and I do also write a weekly newsletter for my subscribers that takes a lot of time out of my weekly schedule. To finish it off, I am 79 years old and my abilities have diminished.

As such, I go to different websites to talk about what is important to me but I have no time to waste. I already talk about politics and world affairs at debatepolitics.com and I spend a fair amount of time there talking about the above. I come to places like this to talk about stocks and the money/income it can bring to me because though money is not the #1 thing in the world, without it one cannot survive.

Why are you talking about world affairs at the SNOW stock comment site?

My apologies...

I presumed that anyone with an intact ethical system would put "making money" below the interest of humanity as a whole.

If this does not apply to you personally you have my condolences.

Your declaratory response seems to agree:

If AI does take control of us, making or losing money will be the least of our concerns

Are we talking about making money or analyzing what AI means fundamentally to humanity? I ask this because this board and this site is supposed to be about "investing" and not about analyzing the fundamental future of humanity. If AI does take control of us, making or losing money will be the least of our concerns.

Yes, but if AI controls the future, humanity will become irrelevant...

...THINKABBOUDIT

For now, AI is the future and as such, SNOW is a good stock to buy.

No forked tongue involved here.

So does this mean this is a good stock...or should we assume it's about to become a Pump & Dump?

Analyst speak with forked tongue...



https://www.reddit.com/r/PoliticalHumor/comments/9s7qkj/200_years_later_we_still_speak_with_forked_tongues/

Interesting news that came out yesterday

11:16 AM EDT, July 01, 2024 (Benzinga Newswire)

Goldman Sachs analyst Kash Rangan maintains Snowflake (NYSE:SNOW) with a Buy and maintains $220 price target, Added to Conviction List

OK, since no one has bothered to discuss fundamentals here, I will post what I have found.

Yes, there is merit to this concept.

But for the unenlightened soul who posted on the LWLG that SNOW was "another AI company" ... you have my condolences.

SNOW is an AI company..
https://www.snowflake.com/en/company/overview/about-snowflake/

LWLG is a hardware/software company that will enable AI.

Apples and oranges.

It was $270 ...

There is NOTHING here...

Insiders selling U-R NUTZ...

ZERO DD on this thread.

https://ih.advfn.com/stock-market/NYSE/snowflake-SNOW/stock-news/94066318/form-144-report-of-proposed-sale-of-securities

I added additional shares today at 129.55.

The reason for the weakness today was that several companies reported changes to their fundamental outlook, with one company lowering the upside objective from $207 to $186. Nonetheless, several companies maintained their upside objective at $210 and on company (Piper Jeffries) maintained a $240 upside objective.

Nonetheless, the bears took this opportunity to push down to try to trigger stop losses. There is/was an important intraweek support at 128.56 that they targeted for breakage and they were successful in breaking it as the low today has been 128.43. Nonetheless, it is evident that level was targeted on pure manipulation of the prices as the minute it was broken, there was no additional selling and immediately thereafter and in using the 1-minute chart, the down move was negated with a $2.30 move up from the low in just 20 minutes, meaning the low for the day (and probably for this entire move down) a low has been set. This stock should now begin to rally from here on in, suggesting that today is the best time to purchase the stock.

and by the way, NVDA made another new all-time high today. The AI story stays true.

I purchased SNOW at 133.98 on Friday. Stop loss is at 128.46 and objective of 207.45. I am risking $552 to pick up $7347 (per 100 shares). It is a 13-1 risk/reward ratio (based on established support and resistance levels). I consider this trade a "must do trade"

Far enough now?

I will wait until after the pullback

why?

Yeah hmm no

time to load up here

SNOW new 52 week high

SNOW new 52 week high

NOVO HOLDINGS TO ACQUIRE CATALENT

Catalent Stockholders to Receive $63.50 Per Share in Cash, Representing a 47.5% Premium to the 60-day Volume-Weighted Average Price as of February 2, 2024

Catalent, Inc. (NYSE: CTLT), a leader in enabling the development and supply of better treatments for patients worldwide, and Novo Holdings, a holding and investment company that is responsible for managing the assets and wealth of the Novo Nordisk Foundation, today announced that they have entered into a merger agreement under which Novo Holdings will acquire Catalent in an all-cash transaction that values Catalent at $16.5 billion on an enterprise value basis.

Transaction Overview

Novo Holdings will acquire all outstanding shares of Catalent for $63.50 per share in cash. The purchase price represents a premium of 16.5% to the closing price of Catalent’s common stock as of February 2, 2024, the last trading day prior to this announcement, and a 47.5% premium to the 60-day volume-weighted average price as of February 2, 2024.
In addition, the purchase price represents a premium of 39.1% to the closing price of Catalent’s common stock on August 28, 2023, the last trading day prior to Catalent’s announcement that its Board of Directors formed a Strategic and Operational Review Committee to conduct a review of Catalent’s business, strategy and operations, as well as Catalent’s capital-allocation priorities with a view towards maximizing value for all Catalent stockholders.
Of Catalent’s more than 50 global sites, Novo Holdings intends to sell three Catalent fill-finish sites and related assets acquired in the merger to Novo Nordisk (CPH: NOVO), in which Novo Holdings has a controlling interest, shortly after the closing of the merger. These three sites are located in Anagni, Italy; Bloomington, Indiana, USA; and Brussels, Belgium.
This transaction is aligned with Novo Holdings’ strategy of investing in established life science companies with strong long-term potential.
Alessandro Maselli, President and Chief Executive Officer of Catalent, said: “Over the past several years, Catalent has built a comprehensive end-to-end offering of services and capabilities to drive innovation in the healthcare system and improve patient outcomes. This transaction is a testament to our team’s hard work and dedication to this mission, and I am incredibly excited for this next step in our journey. We look forward to benefiting from Novo Holdings’ significant resources to accelerate investment in our business and enhance key offerings as we continue to offer premium development and manufacturing solutions for pharma and biotech customers.”

John Greisch, Executive Chair of the Catalent Board and Chair of the Strategic and Operational Review Committee, said: “This transaction delivers significant, certain and premium value to our stockholders. Novo Holdings believes in our vision and will provide Catalent with a strong foundation as we continue developing, manufacturing and supplying top products.”

Novo Holdings has a proven track record of successfully investing in the life sciences sector. Importantly, Novo Holdings’ purpose is to improve people’s health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation.

Kasim Kutay, CEO of Novo Holdings, said: “We are excited to partner with Catalent as it enters a new phase of growth and accelerates its mission to develop, manufacture and supply products that help people live better and healthier lives. With our expertise and track record of investing in high quality life sciences businesses, we believe Catalent is a very good strategic fit. We are excited to support the Company’s stakeholders in the years ahead, especially employees and customers as they work to develop new products to benefit patients. As engaged investors committed to productive relationships with all our partners, we look forward to working with the Catalent team to realise the Company’s full potential.

Importantly, our acquisition of Catalent is aligned with our mandate to invest in high quality life sciences companies for the benefit of the Novo Nordisk Foundation’s mission and philanthropic causes.”

Marc Steinberg, Partner at Elliott Investment Management L.P., said: “As a significant investor in Catalent, Elliott fully supports the transaction announced today. We believe that this transaction, which is the culmination of a process led by the Strategic and Operational Review Committee of the Catalent Board, clearly maximizes value for Catalent stockholders. We commend Catalent’s Board and management team for delivering this outstanding outcome.”

Transaction Details

The merger is expected to close towards the end of calendar year 2024, subject to customary closing conditions, including approval by Catalent stockholders and receipt of required regulatory approvals. The transaction is not subject to any financing contingency.

Following an evaluation of possible value-maximizing alternatives, the Catalent Board unanimously determined that the transaction with Novo Holdings, which delivers a premium and certain cash value, is in the best interest of Catalent. Accordingly, the Catalent Board unanimously recommends that Catalent stockholders vote in favor of the merger.

In addition, Elliott Investment Management L.P. and certain of its affiliates have entered into a support agreement pursuant to which they have agreed to vote their shares of Catalent common stock in favor of the merger.

Following the closing of the merger, shares of Catalent will no longer trade on the New York Stock Exchange and Catalent will become a private company.

Second Quarter 2024 Financial Results

Catalent’s second quarter 2024 earnings results are expected to be issued on February 9, 2024. In light of the announced transaction, Catalent will not host an earnings conference call. Catalent’s second quarter 2024 earnings press release will be available on its investor relations website at http://investor.catalent.com .

Advisors

Citi and J.P. Morgan are acting as financial advisors to Catalent. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to Catalent and Jones Day is serving as legal advisor to the Catalent Board of Directors. Morgan Stanley is acting as financial advisor to Novo Holdings and Goodwin Procter LLP is serving as legal advisor to Novo Holdings.

About Novo Holdings

Novo Holdings is a holding and investment company that is responsible for managing the assets and the wealth of the Novo Nordisk Foundation. The purpose of Novo Holdings is to improve people’s health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation.

Wholly owned by the Novo Nordisk Foundation, Novo Holdings is the controlling shareholder of Novo Nordisk A/S and Novonesis A/S and manages an investment portfolio with a long-term return perspective. In addition to managing a broad portfolio of equities, bonds, real estate, infrastructure and private equity assets, Novo Holdings is a world-leading life sciences investor. Through its Seeds, Venture, Growth, and Principal Investments teams, Novo Holdings invests in life science companies at all stages of development.

As of year-end 2022, Novo Holdings had total assets of EUR 108 billion.
www.novoholdings.dk

About the Novo Nordisk Foundation

Established in Denmark in 1924, the Novo Nordisk Foundation is an enterprise foundation with philanthropic objectives. The vision of the Foundation is to improve people’s health and the sustainability of society and the planet. The Foundation’s mission is to progress research and innovation in the prevention and treatment of cardiometabolic and infectious diseases as well as to advance knowledge and solutions to support a green transformation of society.
www.novonordiskfonden.dk/en

About Catalent

Catalent, Inc. is a global leader in enabling pharma, biotech, and consumer health partners to optimize product development, launch, and full life-cycle supply for patients around the world. With broad and deep scale and expertise in development sciences, delivery technologies, and multi-modality manufacturing, Catalent is a preferred industry partner for personalized medicines, consumer health brand extensions, and blockbuster drugs. Catalent helps accelerate over 1,500 partner programs and launch over 150 new products every year. Its flexible manufacturing platforms at over 50 global sites supply approximately 70 billion doses of nearly 8,000 products annually. Catalent’s expert workforce of nearly 18,000 includes more than 3,000 scientists and technicians. Headquartered in Somerset, New Jersey, the company generated nearly $4.3 billion in revenue in its 2023 fiscal year.

SNOW has been on a tear.

CTLT gets bought out.

mb

SNOW new 52=week high

SNOW NVDA

Snowflake Inc. $SNOW Total Debt (mrq) $254.84M

150.00 now...never say never.

Nice close man…I am heavy invest into this one

I don’t think it will get below $120 again. Maybe in our dream though

wait for 120.00 to be interested.

Buy the dip man