Insider Selling: Snowflake (NYSE:SNOW) Director Sells 144,650 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 144,650 shares of Snowflake stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $175.45, for a total transaction of $25,378,842.50. Following the sale, the director owned 38,046 shares in the company, valued at approximately $6,675,170.70. This trade represents a 79.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 Price Performance

NYSE:SNOW traded down $2.74 on Wednesday, reaching $166.81. The stock had a trading volume of 5,926,617 shares, compared to its average volume of 7,436,263. The company has a market capitalization of $57.67 billion, a P/E ratio of -42.23 and a beta of 1.08. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $280.67. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The stock has a fifty day moving average price of $154.22 and a 200-day moving average price of $194.08.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. Research analysts forecast that Snowflake Inc. will post -2.16 EPS for the current year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America raised its price target on Snowflake to $205 from $195 and kept a Buy rating, citing steady enterprise demand and early traction in AI-driven workflow tools ahead of earnings. Snowflake seen delivering strong quarter as Bank of America lifts price target
• Positive Sentiment: Citizens JMP reaffirmed an Outperform rating and set a $325 price target, highlighting optimism around Snowflake’s long-term growth and AI platform momentum.
• Positive Sentiment: AVEVA announced a collaboration with Snowflake to accelerate industrial AI and unify IT/OT data ecosystems, which could support Snowflake’s AI and enterprise adoption story. AVEVA Announces Collaboration with Snowflake to Accelerate Industrial AI and Unify IT/OT Data Ecosystems
• Neutral Sentiment: Investors are focused on Snowflake’s May 27 earnings report, which could be a major catalyst if results or guidance surprise to the upside.
• Neutral Sentiment: Analyst roundups and comparison pieces continue to spotlight Snowflake as a leading AI software name, but they do not add a clear immediate catalyst on their own.
• Negative Sentiment: SNOW has also been hit by profit-taking and pre-earnings caution, with traders reducing exposure before the quarterly report. Why Snowflake Stock Is Falling On Wednesday?
• Negative Sentiment: A market-wide rally also made Snowflake’s pullback more noticeable, suggesting the stock may be underperforming relative to broader tech sentiment on the day. Snowflake Inc. (SNOW) Stock Sinks As Market Gains: What You Should Know

Analyst Upgrades and Downgrades

A number of research firms have commented on SNOW. Needham & Company LLC reduced their price target on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Sanford C. Bernstein reduced their target price on shares of Snowflake from $237.00 to $195.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. Stifel Nicolaus set a $205.00 target price on shares of Snowflake in a research report on Thursday, February 26th. UBS Group reduced their target price on shares of Snowflake from $235.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Finally, Piper Sandler reduced their target price on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $242.19.

Institutional Investors Weigh In On Snowflake

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Snowflake by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after purchasing an additional 1,448,094 shares during the period. Jennison Associates LLC raised its holdings in Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after purchasing an additional 2,519,413 shares during the period. Nuveen LLC raised its holdings in Snowflake by 2.3% in the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after purchasing an additional 116,521 shares during the period. Geode Capital Management LLC raised its holdings in Snowflake by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock worth $1,052,195,000 after purchasing an additional 249,668 shares during the period. Finally, Norges Bank acquired a new stake in Snowflake in the fourth quarter worth $974,091,000. 65.10% of the stock is owned by institutional investors.

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.