Snowflake (NYSE:SNOW) SVP Vivek Raghunathan Sells 3,876 Shares

Snowflake Inc. (NYSE:SNOW) SVP Vivek Raghunathan sold 3,876 shares of Snowflake stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $318.51, for a total transaction of $1,234,544.76. Following the transaction, the senior vice president directly owned 240,453 shares in the company, valued at $76,586,685.03. This trade represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Snowflake Stock Performance

NYSE:SNOW opened at $330.26 on Thursday. The firm has a market capitalization of $116.52 billion, a price-to-earnings ratio of -103.85 and a beta of 1.33. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50-day moving average is $309.17 and its two-hundred day moving average is $229.61. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $384.56.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.17. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. Analysts forecast that Snowflake Inc. will post -1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SNOW shares. Wells Fargo & Company lifted their price target on shares of Snowflake from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Morgan Stanley increased their price objective on shares of Snowflake from $300.00 to $470.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Wedbush lifted their price objective on shares of Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Loop Capital boosted their target price on shares of Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Truist Financial set a $425.00 target price on shares of Snowflake and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Thirty-four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus price target of $414.24.

Institutional Trading of Snowflake

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MV Capital Management Inc. purchased a new position in shares of Snowflake in the 4th quarter valued at $32,000. Copos Capital S.a r.l. purchased a new stake in Snowflake in the fourth quarter valued at $35,000. SHP Wealth Management purchased a new stake in Snowflake in the fourth quarter valued at $39,000. Basecamp Wealth Advisors LLC boosted its stake in Snowflake by 140.5% in the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after acquiring an additional 118 shares in the last quarter. Finally, Emerald Advisers LLC grew its holdings in shares of Snowflake by 95.2% during the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s second-quarter fiscal 2027 performance reportedly included approximately $1.55 billion in revenue, a reduced net loss, higher full-year product-revenue and operating-margin guidance, and a completed $3.7 billion share-repurchase program that retired about 25.4 million shares. The combination of stronger AI adoption, improved profitability expectations, and a smaller share count is supportive for the stock. How Investors May Respond To Snowflake AI-fueled Guidance Hike and $3.7 Billion Buyback
• Positive Sentiment: Snowflake introduced dynamic model routing designed to direct workloads to the most cost-effective AI models. Lowering enterprise AI spending could improve customer adoption and increase usage of Snowflake’s platform. Snowflake’s dynamic model routing aims to make enterprise AI more cost-efficient
• Positive Sentiment: QAD | Redzone’s ChampionAI, powered by Snowflake Cortex AI, is targeting manufacturing productivity, labor, and operational-pace challenges. The deployment provides another example of Snowflake’s AI technology being used in commercial applications. QAD | Redzone’s ChampionAI, Powered by Snowflake Cortex AI
• Positive Sentiment: Scotiabank raised its fiscal 2027 EPS estimate for Snowflake to a loss of $1.32 per share from a projected loss of $1.81 and maintained a “Sector Outperform” rating with a $440 price target. Scotiabank estimate update
• Positive Sentiment: Analyst commentary continues to highlight Snowflake’s faster growth, expanding customer base, and increasing AI adoption relative to Adobe, while momentum-focused coverage may attract additional investor interest. Snowflake vs. Adobe: Which Enterprise AI Stock Is a Better Buy?
• Neutral Sentiment: Snowflake’s support for UAE entrepreneurs building AI startups expands its ecosystem and international visibility, although the near-term financial impact is unclear. Snowflake backs UAE entrepreneurs building AI startups
• Negative Sentiment: The bullish growth case comes with valuation risk: Snowflake trades at a substantially richer valuation than Adobe despite continuing to report losses, leaving the stock vulnerable if AI growth or profitability disappoints. Snowflake versus Adobe valuation comparison

About Snowflake

Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake’s Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake’s marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.