New insider activity at Snowflake ( (SNOW) ) has taken place on March 28, 2025.
CFO Michael Scarpelli has recently sold 300,000 shares of Snowflake stock, generating a significant sum of $48,962,199 from the transaction.
Recent Updates on SNOW stock
Snowflake’s recent earnings call highlighted robust growth and innovation, with strong revenue and product development, particularly in AI capabilities. The company reported a 28% year-over-year increase in Q4 product revenue and a 33% rise in remaining performance obligations, indicating strong demand. Snowflake introduced over 400 new product capabilities and expanded its AI offerings through partnerships, positioning itself as a leader in AI integration. Despite challenges like large customers exceeding contract capacity and a slower projected Q1 growth due to leap year effects, the sentiment remained positive. The company aims to improve operational efficiency by reducing stock-based compensation and anticipates continued growth with a focus on innovation and strategic partnerships.
More about Snowflake
YTD Price Performance: 1.42%
Average Trading Volume: 5,833,693
Technical Sentiment Signal: Hold
Current Market Cap: $53.37B