Frank Slootman Sells 200,000 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $224.27, for a total value of $44,854,000.00. Following the completion of the transaction, the director owned 28,535 shares of the company’s stock, valued at approximately $6,399,544.45. This trade represents a 87.51% decrease in their ownership of the stock. The transaction 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, June 16th, Frank Slootman sold 8,066 shares of Snowflake stock. The stock was 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 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 transaction 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 transaction 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 transaction of $25,378,842.50.

Snowflake Trading Up 1.7%

NYSE SNOW opened at $230.53 on Wednesday. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $284.99. The firm has a 50 day moving average of $186.25 and a two-hundred day moving average of $188.85. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $79.90 billion, a PE ratio of -65.49 and a beta of 1.35.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating 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 company’s revenue was up 33.5% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. As a group, research analysts expect that Snowflake Inc. will post -1.87 EPS for the current fiscal year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Truist reiterated a Buy rating and raised its price target on Snowflake to $300 from $275, citing constructive customer feedback after Snowflake Summit 2026. This is a notable signal that analysts still see room for upside. Truist Remains Bullish on Snowflake Inc. (SNOW)
• Positive Sentiment: Snowflake’s fifth annual Modern Marketing Data Stack report spotlighted a broad partner ecosystem, with multiple companies named “Leader” or “One to Watch.” That reinforces Snowflake’s role as a key platform for governed data activation and AI-driven marketing. Snowplow Recognized as Leader in Snowflake’s Modern Marketing Data Stack Report for Third Consecutive Year
• Positive Sentiment: Snowflake expanded its partnership with Marketplacer to bring AI automation and marketplace intelligence to enterprise commerce, adding another sign of growing demand for Snowflake’s AI and data-cloud capabilities. Snowflake (SNOW) Expands Marketplacer Tie Up As AI Partner Recognition Grows
• Neutral Sentiment: Several partners, including RudderStack, Hightouch, Sigma, Amperity, Iterable, Acxiom, Tealium, Adstra, Verato, Ketch, Denodo, Piano, and others, announced Snowflake recognition at Cannes Lions. These headlines are mostly ecosystem/branding updates and may not have a direct near-term earnings impact. Hightouch Recognized as a Leader in Snowflake’s Modern Marketing Data Stack Report for Activation and Delivery
• Negative Sentiment: Director Frank Slootman sold 200,000 shares of Snowflake stock in a pre-arranged transaction worth about $44.9 million. Although the sale was under a 10b5-1 plan, insider selling can still weigh on sentiment. Insider Selling: Snowflake (NYSE:SNOW) Director Sells $44,854,000.00 in Stock

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SNOW shares. Barclays raised their target price on Snowflake from $272.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. Oppenheimer raised their price objective on shares of Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Monness Crespi & Hardt boosted their price objective on shares of Snowflake from $282.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Evercore set a $200.00 target price on shares of Snowflake in a report on Tuesday, April 14th. Finally, Canaccord Genuity Group increased their target price on shares of Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $293.53.

Hedge Funds Weigh In On Snowflake

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC raised its holdings in shares of Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after buying an additional 29,320 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Snowflake by 24.0% during the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after buying an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after buying an additional 73 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in Snowflake in the 2nd quarter valued at about $221,000. Finally, The Manufacturers Life Insurance Company increased its position in Snowflake by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock valued at $5,055,000 after acquiring an additional 1,521 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

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.