Snowflake (NYSE:SNOW) Stock: Insider Frank Slootman Sells 300,000 Shares

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $316.43, for a total value of $94,929,000.00. Following the completion of the sale, the director owned 19,024 shares of the company’s stock, valued at $6,019,764.32. This trade represents a 94.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 21st, Frank Slootman sold 102,791 shares of Snowflake stock. The shares were sold at an average price of $335.22, for a total value of $34,457,599.02.
• On Friday, September 18th, Frank Slootman sold 197,209 shares of Snowflake stock. The stock was sold at an average price of $334.10, for a total value of $65,887,526.90.
• On Wednesday, September 16th, Frank Slootman sold 8,191 shares of Snowflake stock. The stock was sold at an average price of $318.51, for a total value of $2,608,915.41.
• On Wednesday, August 19th, Frank Slootman sold 48,990 shares of Snowflake stock. The shares were sold at an average price of $320.78, for a total value of $15,715,012.20.
• On Tuesday, August 18th, Frank Slootman sold 251,010 shares of Snowflake stock. The shares were sold at an average price of $325.53, for a total value of $81,711,285.30.

Snowflake Price Performance

SNOW stock traded up $3.42 during trading hours on Wednesday, hitting $323.03. 2,594,846 shares of the stock traded hands, compared to its average volume of 6,466,890. The stock has a 50-day simple moving average of $332.54 and a 200 day simple moving average of $257.95. The company has a market cap of $113.96 billion, a P/E ratio of -101.58 and a beta of 1.35. Snowflake Inc. has a one year low of $118.30 and a one year high of $384.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the business earned $0.35 earnings per share. Snowflake’s revenue for the quarter was up 35.1% compared to the same quarter last year. Equities analysts forecast that Snowflake Inc. will post -1.44 earnings per share for the current year.

Hedge Funds Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently modified their holdings of SNOW. Janus Henderson Group PLC raised its holdings in shares of Snowflake by 22.2% during the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock valued at $452,014,000 after acquiring an additional 544,960 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of Snowflake by 44.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company’s stock valued at $392,259,000 after acquiring an additional 803,110 shares in the last quarter. Swedbank AB lifted its position in shares of Snowflake by 24.0% in the 1st quarter. Swedbank AB now owns 1,649,771 shares of the company’s stock valued at $248,818,000 after acquiring an additional 319,356 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Snowflake by 76.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,171,833 shares of the company’s stock valued at $176,736,000 after acquiring an additional 509,230 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Snowflake by 7.1% in the 1st quarter. Swiss National Bank now owns 944,600 shares of the company’s stock worth $142,465,000 after purchasing an additional 62,600 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst Dan Ives argues that the artificial-intelligence spending cycle is still in its early stages, with less than 15% of potential investment completed. Snowflake is identified as a key data and cloud infrastructure beneficiary if enterprise AI adoption continues for several years. The AI Buildout Is Only 15% Complete
• Positive Sentiment: BNP says Snowflake’s AI monetization efforts are advancing, providing a potentially important growth catalyst as customers increasingly use the platform for AI workloads. The opportunity is tempered by Salesforce’s view that adoption remains at an early stage. Snowflake AI Monetization Efforts
• Positive Sentiment: Wall Street brokerages continue to rate Snowflake a “Moderate Buy,” indicating that analysts broadly see upside despite valuation and profitability risks. Snowflake Rated Moderate Buy
• Positive Sentiment: Snowflake’s collaboration with Lumen Technologies on secure data movement, AI workloads and sovereign AI infrastructure could expand its exposure to government and enterprise AI use cases. AI Data Partnerships
• Neutral Sentiment: Snowflake is promoting its 2026 Global Startup Challenge, an initiative intended to encourage startups to build on its platform. It supports ecosystem development but does not immediately change financial forecasts. Global Startup Challenge 2026
• Negative Sentiment: Director Frank Slootman sold 300,000 shares worth approximately $94.9 million, reducing his ownership by 94%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which reduces its informational value, but the size of the transaction may still pressure sentiment. SEC Insider Sale Filing
• Negative Sentiment: Snowflake continues to grow rapidly but remains unprofitable. Recent coverage highlighted approximately 35% revenue growth alongside losses, reinforcing concerns about valuation, margins and the company’s path to sustainable earnings. Snowflake Revenue Growth and Losses

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Snowflake from $372.00 to $440.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Phillip Securities lowered shares of Snowflake from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, October 12th. The Goldman Sachs Group raised their target price on shares of Snowflake from $300.00 to $436.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Argus raised their target price on shares of Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Finally, Stifel Nicolaus lifted their price target on shares of Snowflake from $350.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Thirty-six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $413.87.

About Snowflake

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.