Frank Slootman Sells 8,066 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 8,066 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $240.00, for a total transaction of $1,935,840.00. Following the transaction, the director owned 28,535 shares of the company’s stock, valued at approximately $6,848,400. This trade represents a 22.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, June 1st, Frank Slootman sold 162,924 shares of Snowflake stock. The stock was 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 shares were sold at an average price of $233.42, for a total value 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 value of $9,770,382.00.
• On Tuesday, May 19th, Frank Slootman sold 144,650 shares of Snowflake stock. The shares were sold at an average price of $175.45, for a total transaction of $25,378,842.50.
• 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 transaction of $1,980,149.75.

Snowflake Stock Performance

Shares of SNOW stock opened at $232.49 on Friday. The firm has a market capitalization of $80.58 billion, a price-to-earnings ratio of -66.05 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day moving average of $180.53 and a 200 day moving average of $189.47. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $284.99.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. As a group, research analysts expect that Snowflake Inc. will post -1.87 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SNOW shares. KeyCorp set a $295.00 price objective on Snowflake in a report on Thursday, May 28th. JPMorgan Chase & Co. lifted their price target on Snowflake from $245.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Canaccord Genuity Group boosted their price target on Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Morgan Stanley upped their price objective on Snowflake from $245.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Needham & Company LLC raised their target price on Snowflake from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $291.77.

Institutional Investors Weigh In On Snowflake

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Snowflake in the 4th quarter valued at approximately $28,000. Greenline Wealth Management LLC purchased a new stake in shares of Snowflake during the 4th quarter valued at approximately $29,000. GoalVest Advisory LLC lifted its holdings 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 acquiring an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. lifted its holdings 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 acquiring an additional 51 shares during the last quarter. Finally, Emerald Advisers LLC grew its position in Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after acquiring an additional 100 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake continues to win new business, including Unlimitail selecting its platform for a privacy-preserving retail media data hub across Europe and Latin America, which reinforces demand for Snowflake’s data cloud and clean room products. Article Title
• Positive Sentiment: Analysts remain constructive, with several firms lifting price targets and Jefferies saying Snowflake still has room to grow despite tougher competition from Databricks, helped by enterprise demand for data and AI infrastructure. Article Title
• Positive Sentiment: Snowflake’s venture arm invested in Jedify, adding to the company’s AI-focused narrative and signaling continued interest in emerging data and agentic application tools. Article Title
• Neutral Sentiment: A comparison piece versus Alphabet highlighted Snowflake’s strong AI adoption and customer growth, but also noted that Google Cloud and Alphabet’s earnings momentum may make GOOGL the stronger relative pick. Article Title
• Neutral Sentiment: Several Snowflake executives, including EVP Christian Kleinerman and former CEO Frank Slootman, sold shares under pre-arranged 10b5-1 plans tied to tax withholding from equity vesting, which is not unusual but can still temper sentiment. Article Title
• Negative Sentiment: Coverage around intensifying competition from Databricks may weigh on Snowflake’s stock as investors focus on growth-rate comparisons and long-term share gains in the AI data platform market. Article Title

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.