Frank Slootman Sells 162,924 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 162,924 shares of Snowflake stock in a transaction on Monday, June 1st. The shares were sold at an average price of $263.70, for a total value of $42,963,058.80. Following the transaction, the director owned 38,046 shares in the company, valued at $10,032,730.20. This trade represents a 81.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 Friday, May 29th, Frank Slootman sold 437,076 shares of Snowflake stock. The shares were sold at an average price of $252.43, for a total value of $110,331,094.68.
• 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 value of $93,368,000.00.
• 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

NYSE SNOW opened at $244.47 on Friday. The company has a market capitalization of $84.51 billion, a PE ratio of -69.45 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.05. The business’s fifty day moving average is $163.69 and its 200 day moving average is $190.21. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $284.99.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 50.50% and a negative net margin of 23.79%.Snowflake’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. Sell-side analysts predict that Snowflake Inc. will post -2.15 earnings per share for the current year.

Institutional Investors Weigh In On Snowflake

Several large investors have recently made changes to their positions in SNOW. Brighton Jones LLC increased its holdings in shares of Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after purchasing an additional 29,320 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Snowflake in the second quarter worth about $221,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Snowflake by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock worth $5,055,000 after purchasing an additional 1,521 shares during the last quarter. 65.10% of the stock is owned by institutional investors.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Jefferies said Snowflake’s AI monetization is showing more commercial traction and reiterated a Buy rating with a $300 target, signaling meaningful upside potential. Snowflake’s AI monetization opportunity gaining traction, says Jefferies
• Positive Sentiment: Snowflake Summit 26 showcased new AI-focused products and upgrades, including CoCo integrations, Horizon Context, and Datastream, reinforcing the company’s push to become a core enterprise AI platform. Snowflake Advances Trusted AI with Snowflake Horizon Catalog Centralizing Governance, Context, and Security Across the Enterprise
• Positive Sentiment: Several customer and partner announcements, including work with Sanofi, Thomson Reuters, TransUnion, Cognizant, and others, suggest Snowflake’s AI data cloud is seeing broader enterprise adoption. Sanofi Chooses Snowflake to Accelerate its AI-Powered Drug Development
• Positive Sentiment: Wall Street sentiment improved further as UBS, Piper Sandler, Needham, BTIG, and TD Cowen all turned more constructive on SNOW after its strong recent execution. UBS price target raise on Snowflake
• Neutral Sentiment: Media coverage comparing Snowflake with MongoDB and highlighting broader AI/software trends adds visibility, but does not appear to be a direct near-term earnings catalyst. Snowflake vs. MongoDB: Which Technology Stock Is a Better Buy in 2026?
• Negative Sentiment: Recent insider selling by Director Frank Slootman and EVP Christian Kleinerman may weigh on sentiment, even though the sales were made under pre-arranged 10b5-1 plans. Frank Slootman insider trade details
• Negative Sentiment: SNOW also traded weaker at points alongside the broader software sector as investors took profits after a strong run, indicating some pressure is market-driven rather than company-specific. ServiceNow and Snowflake Shares Are Falling, What You Need To Know

Wall Street Analyst Weigh In

SNOW has been the topic of a number of recent analyst reports. Raymond James Financial reissued an “outperform” rating and set a $275.00 price target on shares of Snowflake in a report on Thursday, May 28th. HSBC set a $289.00 price target on Snowflake and gave the company a “buy” rating in a report on Friday, May 29th. Morgan Stanley raised their price target on Snowflake from $245.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Wedbush raised their price target on Snowflake from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, Loop Capital raised their price target on Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $290.23.

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.