Insider Selling: Snowflake (NYSE:SNOW) Director Sells $9,770,382.00 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 55,350 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $176.52, for a total value of $9,770,382.00. Following the sale, the director directly owned 38,046 shares of the company’s stock, valued at approximately $6,715,879.92. The trade was a 59.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 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 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 transaction of $372,542.48.

Snowflake Price Performance

Shares of SNOW opened at $255.94 on Friday. The stock has a market capitalization of $88.48 billion, a P/E ratio of -72.71 and a beta of 1.08. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $280.67. The company has a 50 day moving average of $156.69 and a 200-day moving average of $190.95. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The company 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 49.29%. The business’s quarterly 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, equities research analysts forecast that Snowflake Inc. will post -2.2 EPS for the current fiscal year.

Snowflake News Summary

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

Hedge Funds Weigh In On Snowflake

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. boosted its position in Snowflake by 99.1% during the fourth quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock worth $43,577,000 after purchasing an additional 98,870 shares during the period. Federated Hermes Inc. boosted its position in Snowflake by 13.5% during the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock worth $92,047,000 after purchasing an additional 48,411 shares during the period. Jennison Associates LLC boosted its position in Snowflake by 27.7% during the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after purchasing an additional 2,519,413 shares during the period. William Blair Investment Management LLC bought a new position in Snowflake during the third quarter worth $116,882,000. Finally, Penserra Capital Management LLC boosted its position in Snowflake by 32.8% during the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock worth $34,586,000 after purchasing an additional 37,911 shares during the period. 65.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several research reports. Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 price target on shares of Snowflake in a research note on Thursday. Canaccord Genuity Group raised their price target on shares of Snowflake from $240.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group raised their price target on shares of Snowflake from $210.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler set a $300.00 price target on shares of Snowflake in a research note on Thursday. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Snowflake in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $284.38.

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.