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

Snowflake Inc. (NYSE:SNOW) SVP Vivek Raghunathan sold 3,876 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total value of $592,252.80. Following the sale, the senior vice president owned 273,323 shares in the company, valued at approximately $41,763,754.40. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Snowflake Price Performance

Snowflake stock traded down $1.23 during trading hours on Thursday, hitting $151.89. The stock had a trading volume of 4,852,262 shares, compared to its average volume of 5,986,031. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The stock has a market capitalization of $52.51 billion, a price-to-earnings ratio of -38.45 and a beta of 1.16. The stock’s fifty day moving average is $176.09 and its two-hundred day moving average is $215.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue was up 30.1% on a year-over-year basis. As a group, analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Norges Bank acquired a new position in Snowflake in the fourth quarter valued at $974,091,000. Winslow Capital Management LLC acquired a new stake in Snowflake in the 2nd quarter worth about $725,667,000. Jennison Associates LLC boosted its stake in Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. Coatue Management LLC purchased a new stake in Snowflake in the 3rd quarter valued at about $441,277,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in Snowflake in the 4th quarter valued at about $345,619,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake News Summary

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on SNOW. Truist Financial reduced their price target on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Wedbush reissued an “outperform” rating and set a $270.00 price objective on shares of Snowflake in a research note on Thursday, December 4th. DA Davidson cut their price objective on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. KeyCorp reduced their target price on Snowflake from $285.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Finally, Oppenheimer reiterated a “buy” rating on shares of Snowflake in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $249.62.

Snowflake Company Profile

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.