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

Snowflake Inc. (NYSE:SNOW) SVP Vivek Raghunathan sold 3,876 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $240.00, for a total value of $930,240.00. Following the completion of the sale, the senior vice president owned 258,689 shares of the company’s stock, valued at $62,085,360. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.

Vivek Raghunathan also recently made the following trade(s):

• On Wednesday, April 1st, Vivek Raghunathan sold 3,876 shares of Snowflake stock. The shares were sold at an average price of $152.80, for a total value of $592,252.80.

Snowflake Stock Down 0.9%

SNOW stock opened at $232.49 on Friday. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $284.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $80.58 billion, a price-to-earnings ratio of -66.05 and a beta of 1.35. The business’s fifty day moving average price is $180.53 and its two-hundred day moving average price is $189.47.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business posted $0.24 earnings per share. Snowflake’s quarterly revenue was up 33.5% on a year-over-year basis. On average, equities analysts anticipate that Snowflake Inc. will post -1.87 earnings per share for the current year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake continues to win new business, including Unlimitail selecting its platform for a privacy-preserving retail media data hub across Europe and Latin America, which reinforces demand for Snowflake’s data cloud and clean room products. Article Title
• Positive Sentiment: Analysts remain constructive, with several firms lifting price targets and Jefferies saying Snowflake still has room to grow despite tougher competition from Databricks, helped by enterprise demand for data and AI infrastructure. Article Title
• Positive Sentiment: Snowflake’s venture arm invested in Jedify, adding to the company’s AI-focused narrative and signaling continued interest in emerging data and agentic application tools. Article Title
• Neutral Sentiment: A comparison piece versus Alphabet highlighted Snowflake’s strong AI adoption and customer growth, but also noted that Google Cloud and Alphabet’s earnings momentum may make GOOGL the stronger relative pick. Article Title
• Neutral Sentiment: Several Snowflake executives, including EVP Christian Kleinerman and former CEO Frank Slootman, sold shares under pre-arranged 10b5-1 plans tied to tax withholding from equity vesting, which is not unusual but can still temper sentiment. Article Title
• Negative Sentiment: Coverage around intensifying competition from Databricks may weigh on Snowflake’s stock as investors focus on growth-rate comparisons and long-term share gains in the AI data platform market. Article Title

Institutional Trading of Snowflake

Several large investors have recently made changes to their positions in the company. Total Clarity Wealth Management Inc. increased its stake in Snowflake by 2.7% in the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after acquiring an additional 40 shares during the last quarter. Diligent Investors LLC lifted its stake in Snowflake by 0.9% during the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after purchasing an additional 40 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Snowflake by 10.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock valued at $120,000 after purchasing an additional 50 shares in the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares in the last quarter. Finally, United Asset Strategies Inc. increased its stake in shares of Snowflake by 1.4% in the 4th quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock valued at $777,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on SNOW shares. Citigroup increased their target price on shares of Snowflake from $260.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Bank of America boosted their price target on Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. TD Cowen reissued a “buy” rating and set a $300.00 price target on shares of Snowflake in a research report on Wednesday, June 3rd. DA Davidson raised their price objective on Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Truist Financial lifted their price objective on Snowflake from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $291.77.

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.