Snowflake (NYSE:SNOW) Director Frank Slootman Sells 400,000 Shares

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 400,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $233.42, for a total value of $93,368,000.00. Following the completion of the transaction, the director owned 38,046 shares in the company, valued at $8,880,697.32. The trade was a 91.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 Tuesday, May 26th, Frank Slootman sold 55,350 shares of Snowflake stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $182.44, for a total value of $372,542.48.

Snowflake Stock Up 7.0%

Shares of NYSE SNOW opened at $255.94 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $280.67. The stock has a market capitalization of $88.48 billion, a P/E ratio of -72.71 and a beta of 1.08. The stock’s fifty day moving average is $156.69 and its 200 day moving average is $190.95.

Snowflake (NYSE:SNOW) last released its quarterly earnings data 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 business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.Snowflake’s revenue was up 33.5% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. Sell-side analysts forecast that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
• Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
• Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title

Analysts Set New Price Targets

Several analysts recently weighed in on SNOW shares. Citigroup raised their price objective on Snowflake from $260.00 to $320.00 and gave the company a “buy” rating in a research note on Friday. Citizens Jmp reaffirmed a “market outperform” rating and issued a $325.00 price objective on shares of Snowflake in a research note on Tuesday, May 19th. Zacks Research raised Snowflake from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. DA Davidson raised their price objective on Snowflake from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday. Finally, TD Cowen raised their price objective on Snowflake from $255.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $284.38.

Hedge Funds Weigh In On Snowflake

Large investors have recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new position in Snowflake in the fourth quarter valued at about $28,000. Greenline Wealth Management LLC bought a new position in Snowflake in the fourth quarter valued at about $29,000. GoalVest Advisory LLC raised its position in Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in 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 purchasing an additional 51 shares during the last quarter. Finally, MV Capital Management Inc. bought a new position in Snowflake in the fourth quarter valued at about $32,000. 65.10% of the stock is currently 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.