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Christopher William Degnan, the Chief Revenue Officer of Snowflake Inc . (NYSE:SNOW), a $57.3 billion cloud data platform company growing revenue at 29% annually, reported stock transactions involving the company’s Class A Common Stock on March 3, 2025. According to InvestingPro data, the stock is trading near its Fair Value, with 18 analysts recently revising their earnings estimates upward. According to a recent SEC filing, Degnan sold shares totaling approximately $2.27 million. The sales occurred at prices ranging from $173.883 to $179.601 per share.
In the same filing, Degnan also reported exercising stock options to acquire 12,782 shares at a price of $13.48 per share, amounting to a total value of $172,301. Following these transactions, Degnan holds 361,374 shares directly, with additional shares held indirectly through various trusts. These transactions were conducted as part of a 10b5-1 trading plan adopted on December 27, 2023.
In other recent news, Snowflake Inc. has announced the opening of a new Silicon Valley AI Hub and plans to invest up to $200 million in AI-focused startups. This initiative includes a 30,000 square foot facility in Menlo Park, set to launch in Summer 2025, designed to foster AI innovation. Snowflake also revealed its fourth-quarter earnings, with product revenue surpassing the company’s guidance midpoint by 4%, showcasing robust financial performance. Deutsche Bank (ETR:DBKGn) responded by raising its price target for Snowflake shares to $220, maintaining a Buy rating due to the company’s strong earnings and positive future outlook. Similarly, RBC Capital Markets increased its price target to $221, acknowledging Snowflake’s 28% product revenue growth and stable customer base. Stifel analysts also raised their price target to $210, citing improvements in operating margin and effective cost management. TD Cowen maintained its $210 price target and Buy rating, noting Snowflake’s robust growth trends and new product momentum. These recent developments highlight Snowflake’s strategic initiatives and positive reception from analysts regarding its financial performance and future prospects.
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