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BOZEMAN, MT—Jeremy Burton, a director at Snowflake Inc . (NYSE:SNOW), recently sold 20,789 shares of the company’s Class A common stock, according to a regulatory filing. The transaction, which took place on May 23, 2025, was executed at a price of $200 per share, amounting to a total value of approximately $4.16 million. The sale comes as Snowflake, now valued at $68.1 billion, trades near its 52-week high of $209.80. InvestingPro analysis indicates the stock is currently trading above its Fair Value.
Prior to the sale, Burton exercised stock options to acquire the same number of shares at a price of $21.79 each, totaling an acquisition cost of about $452,992. Following these transactions, Burton holds 7,428 shares directly, with additional shares held indirectly through The Burton Family Trust.
The stock option exercise and subsequent sale highlight Burton’s strategic management of his equity in the cloud data platform company, which continues to attract investor interest.
In other recent news, Snowflake Inc. reported a strong first-quarter performance, with product revenue increasing by 26% year-over-year, surpassing company guidance by $37 million. The company’s robust financial results prompted several firms to adjust their outlooks, with Citi raising its price target to $245 and maintaining a Buy rating, while Macquarie increased its target to $190 with a Neutral rating. TD Cowen also raised its price target to $230, reiterating a Buy rating, highlighting Snowflake’s impressive growth in core consumption and new customer additions. Despite these positive indicators, Snowflake maintained its full-year operating margin and free cash flow margin targets at 8% and 25%, respectively, reflecting a cautious approach.
In addition to financial performance, Snowflake announced a three-year partnership with the LA28 Olympic and Paralympic Games and Team USA, becoming their Official Data Collaboration Provider. This collaboration aims to enhance athlete performance and fan engagement through Snowflake’s AI Data Cloud capabilities. Meanwhile, Argus maintained a Hold rating on Snowflake, noting the company’s ongoing investment in artificial intelligence and machine learning, which may not contribute to immediate revenue but hold future potential. These developments underscore Snowflake’s strategic focus on expanding its platform capabilities and enhancing its market position.
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