Frank Slootman Sells 400,000 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $233.42, for a total value of $93,368,000.00. Following the completion of the sale, the director directly owned 38,046 shares of the company’s stock, valued at $8,880,697.32. This represents a 91.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Tuesday, May 26th, Frank Slootman sold 55,350 shares of Snowflake stock. The shares were sold at an average price of $176.52, for a total value of $9,770,382.00.
• 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 value 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 value 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 value 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 value 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 value of $372,542.48.

Snowflake Price Performance

SNOW stock opened at $255.94 on Friday. The firm has a 50 day moving average of $156.69 and a 200-day moving average of $190.95. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $280.67. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The company has a market cap of $88.48 billion, a price-to-earnings ratio of -72.71 and a beta of 1.08.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, equities analysts expect that Snowflake Inc. will post -2.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore set a $200.00 target price on Snowflake in a research report on Tuesday, April 14th. Sanford C. Bernstein boosted their target price on Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday. Scotiabank reiterated an “outperform” rating on shares of Snowflake in a research report on Thursday. Finally, Barclays boosted their target price on Snowflake from $192.00 to $272.00 and gave the stock an “equal weight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $284.38.

Hedge Funds Weigh In On Snowflake

A number of institutional investors have recently made changes to their positions in the stock. Allen Capital Group LLC raised its holdings in shares of Snowflake by 3.3% in the first quarter. Allen Capital Group LLC now owns 22,996 shares of the company’s stock worth $3,468,000 after acquiring an additional 742 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Snowflake by 10.5% in the first quarter. Glenmede Trust Co. NA now owns 1,928 shares of the company’s stock valued at $291,000 after purchasing an additional 183 shares during the last quarter. Verus Capital Partners LLC increased its stake in Snowflake by 65.5% in the first quarter. Verus Capital Partners LLC now owns 2,031 shares of the company’s stock valued at $306,000 after purchasing an additional 804 shares during the last quarter. CTC Alternative Strategies Ltd. acquired a new position in Snowflake in the first quarter valued at $739,000. Finally, Groupe la Francaise increased its stake in Snowflake by 252,424.0% in the first quarter. Groupe la Francaise now owns 63,131 shares of the company’s stock valued at $9,491,000 after purchasing an additional 63,106 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Key Snowflake News

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

About Snowflake

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.