Frank Slootman Sells 100 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 100 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $250.00, for a total transaction of $25,000.00. Following the completion of the transaction, the director owned 28,535 shares of the company’s stock, valued at approximately $7,133,750. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Thursday, June 18th, Frank Slootman sold 200,000 shares of Snowflake stock. The shares were sold at an average price of $224.27, for a total value 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 stock was 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 stock was 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 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 shares were sold at an average price of $175.45, for a total transaction of $25,378,842.50.

Snowflake Stock Up 0.9%

SNOW stock opened at $254.00 on Wednesday. The company has a market cap of $88.04 billion, a price-to-earnings ratio of -72.16 and a beta of 1.35. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $284.99. The firm has a 50-day moving average of $196.32 and a two-hundred day moving average of $189.40.

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

Hedge Funds Weigh In On Snowflake

Several large investors have recently bought and sold shares of SNOW. Basecamp Wealth Advisors LLC boosted its holdings in Snowflake by 140.5% in the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after purchasing an additional 118 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Snowflake by 28.5% during the first quarter. Pacer Advisors Inc. now owns 43,607 shares of the company’s stock worth $6,577,000 after purchasing an additional 9,684 shares in the last quarter. Wealth High Governance Capital Ltda acquired a new stake in Snowflake during the first quarter worth approximately $2,112,000. Wealth High Governance Asset Management Ltda. purchased a new stake in shares of Snowflake during the 1st quarter worth approximately $1,808,000. Finally, Rathbones Group PLC lifted its position in shares of Snowflake by 255.8% during the 1st quarter. Rathbones Group PLC now owns 25,932 shares of the company’s stock worth $3,911,000 after buying an additional 18,643 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst commentary highlighted accelerating AI monetization at Snowflake and reiterated a bullish view, with Wells Fargo recently lifting its price target to $320 and maintaining a Buy rating. Snowflake’s (SNOW) AI Business Is Growing Faster Than Many Expected As Analysts Revise Target Price Upward
• Positive Sentiment: Recent coverage also pointed to Snowflake as an AI stock with momentum, citing a strong earnings beat, raised guidance, and broader investor interest in buying the name on pullbacks. 5 Tech Stocks to Buy on the July Pullback (SNOW)
• Positive Sentiment: Several articles argued that institutional and analyst sentiment remains supportive, with Snowflake continuing to be framed as a leading AI/data infrastructure winner. Is It Worth Investing in Snowflake (SNOW) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Director Frank Slootman sold a small number of shares under a pre-arranged 10b5-1 plan, which is typically viewed as routine insider activity rather than a strong bearish signal. SEC Form 4 filing
• Neutral Sentiment: Other news items, including Snowflake-related customer and ecosystem mentions such as the World Tour and partner recognition, reinforce the company’s visibility but are unlikely to drive the stock by themselves. Snowflake World Tour | Sydney
• Negative Sentiment: Multiple Seeking Alpha pieces turned cautious, warning that Snowflake’s premium valuation may outweigh the opportunity and that AI enthusiasm could be overhyped. Snowflake: The Valuation Wipes Out Opportunity
• Negative Sentiment: Another downgrade argued that while AI monetization is improving, valuation risks could cap upside from here. Snowflake: Value Maxed Tokens Drive Accelerating AI Monetization – Valuation Risks Ahead (Rating Downgrade)

Analyst Ratings Changes

A number of research firms have commented on SNOW. Monness Crespi & Hardt upped their price target on Snowflake from $282.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Citigroup lifted their price objective on Snowflake from $260.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, May 29th. DA Davidson boosted their price objective on Snowflake from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Oppenheimer increased their target price on Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, Zacks Research upgraded Snowflake from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $293.53.

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.