Snowflake SVP Vivek Raghunathan sells $1.23m in company stock

Vivek Raghunathan, Senior Vice President of Engineering at Snowflake Inc., divested 3,876 shares of the company on September 16, 2026. The stock sale was valued at around $1.23 million, with each share trading at $318.51. This move was executed under a pre-arranged 10b5-1 trading plan Raghunathan established on December 31, 2025.

The recent surge in Snowflake shares, up nearly 90% over the last six months, currently trading at $331.02, likely influenced this sale. Additionally, on September 15, 2026, Raghunathan set aside 8,913 shares to meet tax requirements for the vesting of restricted stock units, valued at $2.96 million at the time. Following these transactions, he remains a shareholder with 240,453 shares of Snowflake common stock, including shares to be issued upon the vesting of one or more restricted stock units.

Analysts, according to InvestingPro, currently view Snowflake as potentially overvalued. However, the company has recently reported robust financial results, with its product revenue growing by 37% year-over-year in the second quarter of fiscal 2027. This performance has prompted several financial firms to revise their price targets for Snowflake.

Freedom Broker increased its target to $450, maintaining a Buy rating, while Bernstein raised its target to $377. Truist Securities also raised its price target to $425, reflecting the company's strong quarterly results and optimistic guidance for the third quarter. This positive sentiment among analysts suggests confidence in Snowflake's future performance.