Snowflake (NYSE:SNOW) SVP Sells 3,876 Shares of Stock

Key Points

• Snowflake SVP Vivek Raghunathan sold 3,876 shares for approximately $1.23 million at an average price of $318.51. The Rule 10b5-1 transaction covered tax obligations from vested equity awards and reduced his holdings by 1.59%.
• Snowflake shares rose 2.3% to $330.26, while the company’s latest quarter exceeded analyst expectations with $1.55 billion in revenue and $0.62 in adjusted EPS versus estimates of $1.48 billion and $0.45, respectively.
• Analyst sentiment remains favorable, with 34 Buy ratings, five Holds and one Sell; the stock has a “Moderate Buy” consensus rating and an average price target of $414.24, despite Snowflake continuing to report losses and carrying elevated valuation risk.

Snowflake Inc. (NYSE:SNOW - Get Free Report) SVP Vivek Raghunathan sold 3,876 shares of the firm's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $318.51, for a total value of $1,234,544.76. Following the sale, the senior vice president directly owned 240,453 shares in the company, valued at approximately $76,586,685.03. The trade was a 1.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Up 2.3%

Snowflake stock traded up $7.28 during trading hours on Wednesday, reaching $330.26. The stock had a trading volume of 3,757,358 shares, compared to its average volume of 5,277,960. The company has a market cap of $116.52 billion, a price-to-earnings ratio of -103.85 and a beta of 1.33. The business's 50 day moving average price is $307.79 and its 200-day moving average price is $228.50. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94.

Snowflake (NYSE:SNOW - Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period last year, the business earned $0.35 EPS. The company's revenue was up 35.1% compared to the same quarter last year. Sell-side analysts anticipate that Snowflake Inc. will post -1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SNOW shares. UBS Group boosted their target price on Snowflake from $425.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Barclays boosted their price target on Snowflake from $332.00 to $384.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 3rd. Royal Bank Of Canada increased their price objective on shares of Snowflake from $372.00 to $440.00 and gave the company an "outperform" rating in a research report on Thursday, September 3rd. Robert W. Baird set a $450.00 target price on shares of Snowflake in a research note on Thursday, September 3rd. Finally, Truist Financial set a $425.00 target price on shares of Snowflake and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Thirty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $414.24.

More Snowflake News

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Nuveen LLC lifted its holdings in shares of Snowflake by 2.3% during the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company's stock worth $1,157,749,000 after purchasing an additional 116,521 shares during the period. Geode Capital Management LLC raised its position in Snowflake by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company's stock worth $1,052,195,000 after buying an additional 249,668 shares during the last quarter. Norges Bank acquired a new stake in Snowflake during the 4th quarter valued at approximately $974,091,000. Janus Henderson Group PLC lifted its stake in Snowflake by 20.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,452,425 shares of the company's stock valued at $537,907,000 after acquiring an additional 415,951 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Snowflake by 5.2% in the 4th quarter. Legal & General Group Plc now owns 1,949,962 shares of the company's stock valued at $427,744,000 after acquiring an additional 96,373 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake Company Profile

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.

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