Insider Selling: Snowflake (NYSE:SNOW) Director Sells $1,935,840.00 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 8,066 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $240.00, for a total transaction of $1,935,840.00. Following the transaction, the director directly owned 28,535 shares in the company, valued at $6,848,400. The trade was a 22.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, June 1st, Frank Slootman sold 162,924 shares of Snowflake stock. The stock was sold at an average price of $263.70, for a total value of $42,963,058.80.
• On Friday, May 29th, Frank Slootman sold 437,076 shares of Snowflake stock. The stock was 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 stock was 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 Thursday, March 19th, Frank Slootman sold 11,299 shares of Snowflake stock. The stock was sold at an average price of $175.25, for a total value of $1,980,149.75.

Snowflake Stock Up 0.1%

SNOW opened at $232.49 on Friday. The firm has a market cap of $80.58 billion, a P/E ratio of -66.05 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. The business has a 50 day moving average price of $182.18 and a 200 day moving average price of $189.77. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $284.99.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. Research analysts forecast that Snowflake Inc. will post -1.87 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SNOW. Kemnay Advisory Services Inc. acquired a new stake in Snowflake during the fourth quarter worth about $28,000. Greenline Wealth Management LLC acquired a new position in Snowflake in the 4th quarter valued at approximately $29,000. GoalVest Advisory LLC raised its holdings in Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in shares of Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after acquiring an additional 51 shares during the period. Finally, Emerald Advisers LLC lifted its position in shares of Snowflake by 95.2% in the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SNOW shares. Oppenheimer raised their target price on shares of Snowflake from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. boosted their target price on shares of Snowflake from $245.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. TD Cowen restated a “buy” rating and set a $300.00 price target on shares of Snowflake in a report on Wednesday, June 3rd. Citizens Jmp reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Snowflake in a research note on Tuesday, May 19th. Finally, Wedbush lifted their price objective on Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $293.53.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake Ventures invested in Jedify, and AcuityMD launched its Encounters Data Mart on Snowflake Marketplace, both of which underscore Snowflake’s expanding role in AI-driven and industry-specific data workflows. Article Title
• Positive Sentiment: Recent analyst commentary remains constructive, with Jefferies saying Snowflake and Databricks can both benefit from rising enterprise demand for data and AI infrastructure. Article Title
• Positive Sentiment: Coverage highlighting Snowflake as a strong generative AI/software name and noting institutional interest has added support to the stock’s momentum. Article Title
• Neutral Sentiment: Several executives sold shares under pre-arranged 10b5-1 plans, but the filings say the transactions were tied to tax withholding from equity vesting rather than a shift in outlook. Article Title
• Negative Sentiment: Investors are also weighing Snowflake’s valuation and intensifying competition from Databricks, which could temper enthusiasm if growth execution slips. 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.