Frank Slootman Sells 251,010 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 251,010 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $325.53, for a total transaction of $81,711,285.30. Following the completion of the sale, the director directly owned 28,535 shares in the company, valued at $9,288,998.55. This represents a 89.79% decrease in their ownership of the stock. The transaction 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, August 19th, Frank Slootman sold 48,990 shares of Snowflake stock. The stock was sold at an average price of $320.78, for a total transaction of $15,715,012.20.
• On Tuesday, July 21st, Frank Slootman sold 10,315 shares of Snowflake stock. The stock was sold at an average price of $275.10, for a total value of $2,837,656.50.
• On Monday, July 20th, Frank Slootman sold 289,685 shares of Snowflake stock. The shares were sold at an average price of $274.39, for a total value of $79,486,667.15.
• On Monday, June 29th, Frank Slootman sold 99,900 shares of Snowflake stock. The shares were sold at an average price of $251.73, for a total value of $25,147,827.00.
• On Friday, June 26th, Frank Slootman sold 100 shares of Snowflake stock. The stock was sold at an average price of $250.00, for a total value of $25,000.00.
• On Thursday, June 18th, Frank Slootman sold 200,000 shares of Snowflake stock. The stock was sold at an average price of $224.27, for a total value of $44,854,000.00.
• On Tuesday, June 16th, Frank Slootman sold 8,066 shares of Snowflake stock. The shares were sold at an average price of $240.00, for a total value of $1,935,840.00.
• On Monday, June 1st, Frank Slootman sold 162,924 shares of Snowflake stock. The shares were 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 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 stock was sold at an average price of $233.42, for a total value of $93,368,000.00.

Snowflake Price Performance

Shares of SNOW opened at $332.52 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $341.95. The stock has a market capitalization of $115.25 billion, a P/E ratio of -94.47 and a beta of 1.33. The company has a 50 day moving average of $279.09 and a 200-day moving average of $209.70.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. As a group, equities research analysts forecast that Snowflake Inc. will post -1.81 EPS for the current fiscal year.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts raised their price targets. Truist increased its target from $300 to $375 and maintained a “buy” rating, citing additional upside from Snowflake’s AI strategy and execution. Bank of America also raised its target to $395. The revisions reinforce bullish sentiment and imply further potential appreciation. Truist raises Snowflake price target
• Positive Sentiment: Snowflake introduced dynamic AI model routing. The capability in Cortex AI Gateway and other products lets customers route workloads among multiple models based on complexity, cost and governance requirements. This may improve efficiency, reduce dependence on any one model provider and make Snowflake more attractive to enterprise customers. Snowflake introduces dynamic model routing
• Positive Sentiment: The company is positioning itself as an “agentic control plane.” Commentary suggests Snowflake is seeking to manage data, governance and workflows as enterprises deploy autonomous AI agents. AI-related products are supporting reported product-revenue growth of 34%, while the company’s most recent quarterly results also exceeded revenue and earnings expectations. Snowflake’s agentic AI strategy
• Neutral Sentiment: Snowflake is being compared with Palantir as enterprise AI infrastructure. Both companies are viewed as potential beneficiaries of production AI adoption, but investors continue to weigh their differing growth, valuation and business models. Palantir and Snowflake comparison
• Negative Sentiment: Insider selling and security concerns remain risks. Director Frank Slootman sold a combined 300,000 shares for approximately $97.4 million across August 18 and 19, reducing his holdings substantially. The transactions were made under a pre-arranged Rule 10b5-1 plan, which limits their signaling value, but the scale may still weigh on sentiment. A report of a Snowflake vulnerability exploited after evading AI security checks also creates reputational and cybersecurity concerns. Snowflake insider selling

Institutional Investors Weigh In On Snowflake

A number of institutional investors and hedge funds have recently modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new position in Snowflake during the fourth quarter worth approximately $28,000. Greenline Wealth Management LLC bought a new stake in Snowflake in the fourth quarter valued at approximately $29,000. Physician Wealth Advisors Inc. lifted its position in shares of Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after buying an additional 51 shares during the last quarter. MV Capital Management Inc. acquired a new stake in shares of Snowflake in the fourth quarter valued at approximately $32,000. Finally, Copos Capital S.a r.l. bought a new position in shares of Snowflake during the 4th quarter worth approximately $35,000. 65.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on SNOW. Citizens Jmp raised their price objective on Snowflake from $325.00 to $408.00 and gave the company a “market outperform” rating in a report on Tuesday. DA Davidson upped their target price on Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. BTIG Research increased their price target on Snowflake from $325.00 to $340.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Canaccord Genuity Group increased their price target on Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group raised their price target on Snowflake from $216.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Thirty-four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.65.

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.