Key Points
- Insider sale: SVP Vivek Raghunathan sold 3,876 Snowflake shares at an average $152.80 (≈$592,253) under a pre‑arranged Rule 10b5‑1 plan, trimming his stake by 1.4% to 273,323 shares; the transaction was disclosed in an SEC filing.
- Mixed fundamentals: Snowflake beat Q4 estimates with $0.32 EPS and $1.28B revenue (up 30.1% YoY) but remains unprofitable (negative net margin and ROE) and analysts forecast a -2.36 EPS for the year, with a consensus rating of Moderate Buy and a $249.62 price target.
- Market sentiment is split: Positive catalysts include AI momentum and a CRO appointment supporting growth hopes, while legal class‑action alerts, some bearish options flows and recent insider selling add near‑term risk; institutional ownership stands at about 65.1%.
Snowflake Inc. (NYSE:SNOW - Get Free Report) SVP Vivek Raghunathan sold 3,876 shares of the firm's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total value of $592,252.80. Following the transaction, the senior vice president owned 273,323 shares of the company's stock, valued at $41,763,754.40. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Snowflake Stock Down 0.8%
Shares of NYSE:SNOW opened at $151.89 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $52.51 billion, a PE ratio of -38.45 and a beta of 1.23. The firm's 50-day moving average is $174.90 and its two-hundred day moving average is $215.20. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67.
Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The business's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. Analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have commented on SNOW shares. Piper Sandler dropped their price target on shares of Snowflake from $285.00 to $230.00 and set an "overweight" rating for the company in a research note on Thursday, February 26th. Wedbush reiterated an "outperform" rating and issued a $270.00 target price on shares of Snowflake in a report on Thursday, December 4th. TD Cowen lowered their target price on Snowflake from $270.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Argus upgraded Snowflake from a "hold" rating to a "buy" rating and set a $300.00 price target on the stock in a report on Thursday, January 8th. Finally, Needham & Company LLC reduced their price target on Snowflake from $280.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Snowflake currently has a consensus rating of "Moderate Buy" and a consensus price target of $249.62.
Check Out Our Latest Report on SNOW
Hedge Funds Weigh In On Snowflake
A number of institutional investors and hedge funds have recently modified their holdings of SNOW. Vanguard Group Inc. raised its stake in Snowflake by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company's stock valued at $6,601,790,000 after buying an additional 1,448,094 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company's stock valued at $2,545,300,000 after acquiring an additional 2,519,413 shares during the last quarter. State Street Corp raised its position in shares of Snowflake by 1.4% during the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company's stock worth $1,541,120,000 after acquiring an additional 94,293 shares in the last quarter. Nuveen LLC raised its position in shares of Snowflake by 2.3% during the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company's stock worth $1,157,749,000 after acquiring an additional 116,521 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Snowflake by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company's stock worth $1,052,195,000 after purchasing an additional 249,668 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.
Trending Headlines about Snowflake
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
Snowflake Company Profile
(
Get Free Report)
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.
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