Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Following this sale, Kleinerman holds 567,930 shares directly. Additionally, he has indirect ownership of shares through various trusts and an LLC, including 100,000 shares each in the 2023 and 2024 Grantor Retained Annuity Trusts, 33,499 shares in the 2022 GRAT, and 58,568 shares held by the Kleinerman 2020 Dynasty LLC.The recent sale was executed under a pre-established 10b5-1 trading plan adopted by Kleinerman in December 2023. While the company isn't currently profitable, InvestingPro analysis reveals strong revenue growth of 30% and forecasts profitability this year. Discover more insights and 8 additional ProTips in the comprehensive Pro Research Report, available for over 1,400 US stocks. While the company isn't currently profitable, InvestingPro analysis reveals strong revenue growth of 30% and forecasts profitability this year. Discover more insights and 8 additional ProTips in the comprehensive Pro Research Report, available for over 1,400 US stocks.
Following this sale, Kleinerman holds 567,930 shares directly. Additionally, he has indirect ownership of shares through various trusts and an LLC, including 100,000 shares each in the 2023 and 2024 Grantor Retained Annuity Trusts, 33,499 shares in the 2022 GRAT, and 58,568 shares held by the Kleinerman 2020 Dynasty LLC.
The recent sale was executed under a pre-established 10b5-1 trading plan adopted by Kleinerman in December 2023.
In other recent news, Databricks secured a substantial $10 billion in Series J funding, pushing the company's valuation to a noteworthy $62 billion. This financial boost is set to facilitate the company's investment in new artificial intelligence products, strategic acquisitions, and expansion of international go-to-market strategies. Simultaneously, Snowflake Inc . (NYSE:SNOW) has been the focus of several analyst firms' attention. Piper Sandler raised its Snowflake stock target to $208, indicating an optimistic outlook for the company's growth potential in artificial intelligence (AI), data engineering, and machine learning (ML). Jefferies, Baird, and KeyBanc Capital Markets also increased their price targets for Snowflake, reflecting confidence in the company's growth trajectory. These are recent developments in the data and analytics sector, reflecting the dynamic growth and competitive landscape of these companies.
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