Insider activity
Emily Ho, chief accounting officer of Snowflake Inc. (NASDAQ:SNOW), sold 2,141 shares of common stock on March 23, 2026. The shares traded in a narrow band between $173.920 and $174.040, producing gross proceeds of $372,465.
Earlier in the week, on March 20, Ho completed additional disposals: she sold blocks of 268 and 497 shares at $175.40 per share, generating $134,181. Those March 20 sales were made to cover tax obligations arising from the vesting of restricted stock units.
Restricted stock units and holdings
Also on March 20, Ho was recorded as having acquired 3,987 shares of common stock with a value listed at $0. Those entries reflect restricted stock units that Snowflake has designated to vest quarterly over a four-year period.
After the March transactions, Ho directly owns 44,553 shares of Snowflake common stock. That total includes shares to be issued in connection with the vesting of restricted stock units.
Share-price context and company metrics
Snowflake's share price has moved lower since the insider transactions. The stock is trading at $161.34, down from $174.20 at the time of Ho's sales. Over the past six months the shares have fallen approximately 27%.
The cloud data company is valued at $55.7 billion and continues to report rapid top-line expansion. Snowflake posted revenue growth of 29% year over year, while reporting a loss of $3.95 per share over the trailing twelve months. According to InvestingPro analysis, Snowflake appears undervalued at current levels. Investors seeking additional detail can consult Snowflake’s Pro Research Report, which is listed as one of 1,400+ reports available on InvestingPro.
Recent financial results and business developments
In recent disclosures, Snowflake reported product revenue of $1.23 billion for the quarter, a 30% increase year over year. That product revenue number exceeded the high end of guidance by $27 million.
Remaining performance obligations rose to $9.77 billion during the quarter, helped in part by a $400 million deal with a financial services company.
Analyst reactions and strategic initiatives
Brokerage responses to Snowflake's results and product announcements were mixed in price-target movements while maintaining prior ratings:
- Macquarie trimmed its price target to $177, citing valuation concerns, and maintained a Neutral rating.
- TD Cowen lowered its price target to $255 from $270, but kept a Buy rating and highlighted the company's fourth-quarter growth of 30%.
- BofA Securities reiterated a Buy rating with a $275 price target, emphasizing Snowflake's expansion into AI.
- Barclays maintained an Equalweight rating with a $192 price target following the company's AI platform announcement.
- Stifel reiterated a Buy rating and set a $205 price target, noting an expanded product set and accelerated innovation across AI and transactional workloads.
Snowflake also announced Project SnowWork, described as an autonomous enterprise AI platform that is currently in limited preview with select customers.
Note: This report presents the recorded transactions, company financials, analyst responses and product developments as disclosed. It does not assess causation or provide investment advice.