Snowflake (NYSE:SNOW) Director Frank Slootman Sells 48,990 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 48,990 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $320.78, for a total value of $15,715,012.20. Following the sale, the director owned 28,535 shares in the company, valued at approximately $9,153,457.30. The trade was a 63.19% decrease in their position. The sale was disclosed in a filing 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 Tuesday, August 18th, Frank Slootman sold 251,010 shares of Snowflake stock. The stock was sold at an average price of $325.53, for a total transaction of $81,711,285.30.
• On Tuesday, July 21st, Frank Slootman sold 10,315 shares of Snowflake stock. The shares were sold at an average price of $275.10, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction of $110,331,094.68.
• On Thursday, May 28th, Frank Slootman sold 400,000 shares of Snowflake stock. The shares were sold at an average price of $233.42, for a total transaction of $93,368,000.00.

Snowflake Price Performance

Shares of SNOW stock traded down $4.97 on Thursday, reaching $320.04. The company’s stock had a trading volume of 3,174,131 shares, compared to its average volume of 4,958,223. The stock’s 50 day simple moving average is $275.49 and its 200-day simple moving average is $207.94. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $341.95. The company has a market capitalization of $110.93 billion, a P/E ratio of -90.92 and a beta of 1.33. 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 (NYSE:SNOW) last announced its earnings results 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. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $0.24 earnings per share. Snowflake’s quarterly revenue was up 33.5% on a year-over-year basis. As a group, equities analysts predict that Snowflake Inc. will post -1.81 earnings per share for the current fiscal year.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: New AI model-routing capabilities strengthen Snowflake’s enterprise offering. The company introduced dynamic model routing in its Cortex AI Gateway and flagship products, allowing customers to direct workloads among multiple AI models based on task complexity, governance requirements and cost. The feature could reduce vendor dependence, improve efficiency and support Snowflake’s positioning as an enterprise AI platform. Snowflake introduces dynamic model routing to enhance AI efficiency
• Positive Sentiment: Analysts raised their targets and maintained bullish ratings. Truist lifted its target from $300 to $375 and assigned a “buy” rating, while Bank of America raised its target from $330 to $395 and also rated the shares “buy.” These revisions reflect confidence in Snowflake’s AI momentum and provide potential upside according to the firms. Analyst price-target updates
• Positive Sentiment: AI adoption remains a key growth driver. A recent analysis said Snowflake’s AI-related products are helping generate 34% product-revenue growth, while model routing may improve customer flexibility and strengthen its competitive position in enterprise AI. Snowflake rides on AI momentum
• Neutral Sentiment: Competitive comparisons may temper enthusiasm. Analysts highlighted Snowflake’s rapid AI adoption but argued Dell Technologies may offer stronger earnings momentum, AI-server demand and business diversification. This could lead some investors to favor other AI-related opportunities. Snowflake versus Dell
• Negative Sentiment: Cybersecurity concerns and broader AI-cloud selling are weighing on sentiment. A report described a Snowflake vulnerability that reportedly evaded AI-based security checks and was exploited by another AI system. Separately, selling across AI-cloud stocks has been linked to financing concerns, creating pressure even as Snowflake’s long-term AI outlook remains positive. Snowflake security flaw report

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Snowflake in the 4th quarter worth about $974,091,000. Jennison Associates LLC raised its holdings in Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after acquiring an additional 2,519,413 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new position in Snowflake in the 4th quarter worth approximately $345,619,000. Vanguard Group Inc. lifted its position in Snowflake by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after acquiring an additional 1,448,094 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in Snowflake by 159.9% in the 4th quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company’s stock valued at $295,477,000 after acquiring an additional 828,789 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Snowflake in a research note on Thursday. Royal Bank Of Canada raised their price target on Snowflake from $313.00 to $372.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Truist Financial boosted their price objective on Snowflake from $300.00 to $375.00 and gave the company a “buy” rating in a research report on Thursday. HSBC set a $289.00 price objective on Snowflake and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Rosenblatt Securities raised their target price on shares of Snowflake from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Thirty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target 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.