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

Snowflake Inc. (NYSE:SNOW) SVP Vivek Raghunathan sold 3,876 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total value of $592,252.80. Following the completion of the sale, the senior vice president directly owned 273,323 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Snowflake Stock Performance

NYSE SNOW opened at $151.89 on Friday. The stock’s fifty day moving average is $174.90 and its two-hundred day moving average is $215.20. The firm has a market capitalization of $52.51 billion, a P/E ratio of -38.45 and a beta of 1.23. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the company earned $0.30 EPS. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, research analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current year.

Hedge Funds Weigh In On Snowflake

Large investors have recently made changes to their positions in the stock. Grey Fox Wealth Advisors LLC acquired a new stake in Snowflake in the 3rd quarter valued at approximately $25,000. Tripletail Wealth Management LLC acquired a new position in Snowflake during the third quarter worth $28,000. Kemnay Advisory Services Inc. acquired a new position in Snowflake during the fourth quarter worth $28,000. Greenline Wealth Management LLC purchased a new position in shares of Snowflake during the fourth quarter worth $29,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Snowflake by 4,333.3% during the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after buying an additional 130 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Benchmark initiated coverage with a Buy and $190 price target, calling Snowflake a top AI infrastructure pick and highlighting a large AI-data TAM — a bullish signal for longer-term growth expectations. Benchmark Buy Initiation
• Positive Sentiment: Analyst commentary (RBC/Yahoo coverage) and pieces on AI workload expansion highlight that Snowflake’s AI tooling is driving rising platform usage and workload growth — supportive of revenue acceleration if Snowflake can scale deployments. AI Workload Expansion
• Positive Sentiment: Snowflake appointed longtime sales leader Jonathan Beaulier as Chief Revenue Officer — an insider promotion intended to reaccelerate sales execution and monetize marketplace/vertical opportunities (Morningstar expansion cited as an example of product-led revenue upside). CRO Appointment
• Neutral Sentiment: Mizuho and other outlets note the CRO change could help reaccelerate growth and that the stock’s pullback has made it more interesting — but execution risk remains; these views temper near-term conviction. Mizuho Reset
• Neutral Sentiment: Analyst/market commentary (Seeking Alpha, Zacks, Motley Fool summaries) varies: some say SNOW is worth watching on the pullback but not yet a clear buy — indicating mixed analyst sentiment despite AI tailwinds. Analyst Take
• Negative Sentiment: Multiple law firms (Rosen, Bernstein Liebhard, Pomerantz, Faruqi & Faruqi, Levi & Korsinsky) are circulating investor alerts about a securities class action and upcoming lead-plaintiff deadlines — a legal overhang that can pressure the stock and increase uncertainty. Class Action Alerts
• Negative Sentiment: An insider sale: SVP Vivek Raghunathan sold ~3,876 shares under a pre-arranged Rule 10b5‑1 plan (small reduction of his stake). While routine and disclosed, insider selling can be interpreted negatively by some traders; SEC filing is public. Insider Sale Filing
• Negative Sentiment: Options commentary and some market pieces are positioning SNOW for bearish strategies (Schaeffer’s options pick), reflecting short-term trader skepticism amid recent volatility. Options Bear Trade

Analysts Set New Price Targets

A number of brokerages have commented on SNOW. Barclays reduced their target price on shares of Snowflake from $204.00 to $192.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price target on shares of Snowflake in a report on Monday, February 23rd. Zacks Research raised shares of Snowflake from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Mizuho lowered their price objective on Snowflake from $285.00 to $220.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. cut their target price on Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Snowflake 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.