Snowflake (NYSE:SNOW) SVP Sells $592,252.80 in Stock

Snowflake Inc. (NYSE:SNOW) SVP Vivek Raghunathan sold 3,876 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total value of $592,252.80. Following the transaction, the senior vice president directly owned 273,323 shares in the company, valued at approximately $41,763,754.40. This represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Snowflake Stock Performance

SNOW stock traded down $1.23 during trading on Thursday, hitting $151.89. The company had a trading volume of 4,852,262 shares, compared to its average volume of 5,986,031. The firm has a 50-day moving average price of $176.09 and a 200-day moving average price of $215.64. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The firm has a market cap of $52.51 billion, a PE ratio of -38.45 and a beta of 1.16. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Hedge Funds Weigh In On Snowflake

A number of large investors have recently made changes to their positions in SNOW. Brighton Jones LLC grew its position in Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after buying an additional 29,320 shares during the period. Intech Investment Management LLC lifted its position in shares of Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after acquiring an additional 2,167 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Snowflake by 29.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Snowflake by 6.0% in the 2nd quarter. Mackenzie Financial Corp now owns 28,296 shares of the company’s stock worth $6,332,000 after acquiring an additional 1,601 shares during the period. Finally, Fisher Asset Management LLC acquired a new stake in shares of Snowflake in the 2nd quarter worth approximately $206,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the topic of a number of analyst reports. Truist Financial lowered their price objective on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Canaccord Genuity Group reduced their target price on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Citigroup lowered their target price on shares of Snowflake from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Monness Crespi & Hardt boosted their price target on shares of Snowflake from $275.00 to $282.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Piper Sandler cut their price target on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.62.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI demand and workload expansion: Analysts and sector pieces highlight Snowflake’s AI tools driving higher platform usage and new workloads — a direct revenue-growth lever if Snowflake can scale deployments. Can AI Workload Expansion Strengthen Snowflake’s Next Leg of Growth?
• Positive Sentiment: Broker upbeat / TAM callout: Benchmark initiated coverage with a Buy and $190 PT, framing Snowflake as a top AI data?cloud infrastructure pick in a large (>$500B) addressable market — supportive for longer?term upside. Wall Street Calls Snowflake a Top AI Infrastructure Pick
• Positive Sentiment: RBC and other notes back the AI/outlook story: Coverage pieces reiterate Snowflake’s positioning to capture rising AI workloads and continued data?cloud adoption, providing analyst support to the share price. Snowflake Outlook Backed by AI Demand, Data Cloud Adoption RBC Says
• Positive Sentiment: Morningstar Marketplace expansion deepens financial-data moat: Morningstar broadened datasets on Snowflake Marketplace, which could increase usage by institutional clients and monetization opportunities. Is Snowflake’s (SNOW) New CRO and Morningstar Deal Reframing Its Financial-Data Moat?
• Positive Sentiment: New CRO is an insider hire with sales chops: Jonathan Beaulier — a long?time Snowflake sales leader — was named Chief Revenue Officer, a move positioned to reaccelerate sales execution and customer monetization. That helped some analysts reprice upside potential. Snowflake (SNOW) Names Jonathan Beaulier CRO Following Gannon Departure
• Neutral Sentiment: Mizuho / market view reset: Coverage notes the stock looks more compelling after a ~30% YTD decline and leadership change — this is more a trading/valuation argument than an operational catalyst. Mizuho resets view on Snowflake stock after CRO change
• Neutral Sentiment: Options / trading interest: Options services (Schaeffer) highlighted SNOW as a popular trade idea for bearish option strategies — this can amplify short?term volatility but is not a directional fundamental change. Popular Cloud Stock Pick for Options Bears
• Neutral Sentiment: Valuation debate continues: Commentaries (Seeking Alpha) say Snowflake may be “cheap enough to watch” but not yet a clear buy — signaling mixed sentiment on near?term entry levels. Snowflake: Cheap Enough To Watch, Not Yet Cheap Enough To Buy
• Negative Sentiment: Class?action and investor?notice wave: Multiple law firms (Rosen, Bernstein, Pomerantz, Faruqi, Levi & Korsinsky, etc.) are publicizing deadlines for a securities?fraud class action tied to 2023–2024 disclosures — this increases legal overhang and potential financial/management distraction. ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Snowflake Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SNOW
• Negative Sentiment: Execution and leadership uncertainty: Some coverage and headlines pointed to a surprise leadership shift and investor jitters over sales execution prior to the new CRO taking full effect — adding near?term pressure. Snowflake’s stock falls as investors weigh a surprise leadership shift

About Snowflake

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.