Street Calls of the Week
Benoit Dageville, President of Products at Snowflake Inc . (NYSE:SNOW), recently executed a series of stock transactions, as detailed in a filing with the Securities and Exchange Commission. The cloud data company, currently valued at $58.66 billion, has seen its stock surge over 31% in the past six months according to InvestingPro data. On February 20, 2025, Dageville sold 12,500 shares of Snowflake’s Class A Common Stock at a price of $186 per share, amounting to a total of $2.33 million. While the company isn’t currently profitable, InvestingPro analysis shows analysts expect Snowflake to achieve profitability this fiscal year.
In addition to the sale, Dageville exercised options to acquire 12,500 shares at an exercise price of $0.74 per share. This transaction was part of a pre-established 10b5-1 trading plan, which was adopted on March 29, 2024. Following these transactions, Dageville holds 47,710 shares of Snowflake’s Class A Common Stock directly, as well as additional shares held indirectly through a trust. Investors watching this stock should note that Snowflake is scheduled to report earnings in 5 days, with InvestingPro offering 8 additional key insights about the company’s financial health and valuation.
In other recent news, Snowflake Inc. has seen several analyst firms adjusting their price targets and ratings based on anticipated strong performance and growth prospects. TD Cowen raised its price target to $210, maintaining a Buy rating, with expectations of solid fourth-quarter results and potential outperformance in fiscal year 2026. KeyBanc Capital Markets also maintained a $210 price target, highlighting Snowflake’s strategic vendor status and potential upside in product revenue for the fourth quarter. BofA Securities adjusted its price target to $205, citing Snowflake’s significant growth and competitive challenges, while maintaining a Neutral rating. UBS raised its price target to $190, reflecting revised revenue multiples and maintaining a Neutral stance. Truist Securities continued its Buy rating with a $210 target, anticipating positive earnings surprises and potential margin expansion. These developments suggest a broad consensus among analysts about Snowflake’s growth potential, driven by new products and strategic positioning in the data management sector. Investors will be keenly watching Snowflake’s upcoming earnings report for further insights into its financial performance.
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