Snowflake (NYSE:SNOW) SVP Sells $1,234,544.76 in Stock

Snowflake Inc. (NYSE:SNOW) SVP Vivek Raghunathan sold 3,876 shares of the stock in a transaction dated Wednesday, September 16th. The stock was 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 $76,586,685.03. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 Performance

Shares of NYSE SNOW traded up $7.28 during trading on Wednesday, reaching $330.26. 3,757,358 shares of the company traded hands, compared to its average volume of 5,277,960. The stock has a market cap of $116.52 billion, a P/E ratio of -103.85 and a beta of 1.33. The firm’s fifty day simple moving average is $307.79 and its 200 day simple moving average is $228.50. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56.

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

Analyst Ratings Changes

SNOW has been the subject of several recent research reports. DA Davidson lifted their target price on shares of Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Wells Fargo & Company raised their price target on shares of Snowflake from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Sanford C. Bernstein lifted their price objective on shares of Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, May 28th. HSBC set a $289.00 price objective on shares of Snowflake and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 target price on Snowflake in a research report on Thursday, September 3rd. Thirty-four 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $414.24.

Key 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

Hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Snowflake during the fourth quarter worth about $974,091,000. Jericho Capital Asset Management L.P. purchased a new position in Snowflake in the fourth quarter valued at about $345,619,000. William Blair Investment Management LLC lifted its position in shares of Snowflake by 159.9% during the 4th quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company’s stock valued at $295,477,000 after acquiring an additional 828,789 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of Snowflake by 44.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company’s stock worth $392,259,000 after acquiring an additional 803,110 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of Snowflake by 4,284.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 696,278 shares of the company’s stock worth $105,013,000 after acquiring an additional 680,397 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

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.