Frank Slootman Sells 55,350 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 55,350 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $176.52, for a total transaction of $9,770,382.00. Following the transaction, the director directly owned 38,046 shares in the company, valued at $6,715,879.92. The trade was a 59.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Frank Slootman also recently made the following trade(s):

• On Thursday, May 28th, Frank Slootman sold 400,000 shares of Snowflake stock. The shares were sold at an average price of $233.42, for a total transaction of $93,368,000.00.
• On Tuesday, May 19th, Frank Slootman sold 144,650 shares of Snowflake stock. The shares were sold at an average price of $175.45, for a total transaction of $25,378,842.50.
• On Wednesday, March 18th, Frank Slootman sold 88,701 shares of Snowflake stock. The shares were sold at an average price of $175.93, for a total transaction of $15,605,166.93.
• On Thursday, March 19th, Frank Slootman sold 11,299 shares of Snowflake stock. The shares were sold at an average price of $175.25, for a total transaction of $1,980,149.75.
• On Tuesday, March 17th, Frank Slootman sold 7,874 shares of Snowflake stock. The shares were sold at an average price of $175.34, for a total transaction of $1,380,627.16.
• On Tuesday, March 10th, Frank Slootman sold 2,042 shares of Snowflake stock. The shares were sold at an average price of $182.44, for a total transaction of $372,542.48.

Snowflake Stock Performance

Shares of SNOW opened at $255.94 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $88.48 billion, a price-to-earnings ratio of -72.71 and a beta of 1.08. The company’s 50 day simple moving average is $156.69 and its 200 day simple moving average is $190.95. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $280.67.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. Snowflake’s revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 earnings per share. On average, sell-side analysts predict that Snowflake Inc. will post -2.16 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays increased their price target on shares of Snowflake from $192.00 to $272.00 and gave the stock an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group increased their price target on shares of Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a research note on Thursday. BTIG Research increased their price target on shares of Snowflake from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group increased their price target on shares of Snowflake from $210.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $284.38.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
• Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
• Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title

Institutional Investors Weigh In On Snowflake

A number of large investors have recently added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. increased its position in shares of Snowflake by 2.7% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after purchasing an additional 40 shares in the last quarter. Diligent Investors LLC increased its position in shares of Snowflake by 0.9% during the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after purchasing an additional 40 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Snowflake by 44.1% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after purchasing an additional 49 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of Snowflake by 10.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock worth $120,000 after purchasing an additional 50 shares in the last quarter. Finally, HHM Wealth Advisors LLC increased its position in shares of Snowflake by 50.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.