Snowflake (NYSE:SNOW) Director Sells $1,380,627.16 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 7,874 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $175.34, for a total value of $1,380,627.16. Following the completion of the transaction, the director owned 38,046 shares of the company’s stock, valued at approximately $6,670,985.64. This represents a 17.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 10th, Frank Slootman sold 2,042 shares of Snowflake stock. The shares were sold at an average price of $182.44, for a total transaction of $372,542.48.
• On Wednesday, February 18th, Frank Slootman sold 100,000 shares of Snowflake stock. The stock was sold at an average price of $176.91, for a total transaction of $17,691,000.00.
• On Tuesday, January 20th, Frank Slootman sold 200,000 shares of Snowflake stock. The shares were sold at an average price of $206.77, for a total transaction of $41,354,000.00.
• On Thursday, December 18th, Frank Slootman sold 200,000 shares of Snowflake stock. The shares were sold at an average price of $221.83, for a total transaction of $44,366,000.00.

Snowflake Stock Down 0.8%

Snowflake stock traded down $1.41 during midday trading on Wednesday, hitting $173.20. 4,250,460 shares of the stock were exchanged, compared to its average volume of 6,569,027. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50 day moving average price of $187.47 and a two-hundred day moving average price of $220.60.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 EPS. On average, research analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Scotiabank dropped their price objective on Snowflake from $290.00 to $205.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Snowflake in a research report on Wednesday, January 21st. Royal Bank Of Canada set a $245.00 price target on shares of Snowflake in a report on Wednesday, February 11th. Oppenheimer reaffirmed a “buy” rating on shares of Snowflake in a report on Thursday, February 26th. Finally, Needham & Company LLC decreased their price target on Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $248.58.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced Project SnowWork, a research‑preview autonomous enterprise AI platform that executes multi‑step tasks from conversational prompts — a strategic push from insights to execution that could expand product uptake and monetization of agentic AI capabilities. Snowflake Launches Project SnowWork
• Positive Sentiment: Coverage highlights the autonomous AI layer as differentiated product innovation (agentic AI that “does the work”), which supports Snowflake’s narrative of expanding AI features and partner integrations. Infoworld: Snowflake’s new autonomous AI layer
• Positive Sentiment: Bank of America reiterated a Buy rating and $275 price target after an investor meeting, signaling continued analyst conviction that Snowflake can grow despite sector headwinds. Bank of America reiterates Buy
• Neutral Sentiment: Recent commentary reiterates Snowflake’s solid Q4/product momentum (≈30% revenue growth, expanded AI features), but some analysts remain cautious about valuation and competitive pressure from Databricks. Revenue beats; mixed analyst views
• Neutral Sentiment: Company executives discussed Project SnowWork on NYSE media, giving investors more color on capabilities and go‑to‑market plans — useful for judging adoption timing but not an immediate revenue inflection. NYSE interview on Project SnowWork
• Negative Sentiment: Numerous law firms issued class‑action notices and investor alerts related to purchases between June 27, 2023 and Feb 28, 2024, with an April 27, 2026 deadline to seek lead‑plaintiff status — a wave of litigation headlines that can pressure the stock, increase legal costs, and create uncertainty. GlobeNewswire: Investor Alert (RGRD Law)
• Negative Sentiment: The litigation notices are broad and repeated by multiple firms (Robbins LLP, Levi & Korsinsky, Pomerantz, Rosen, etc.), amplifying media coverage and short‑term investor concern. PR Newswire: Robbins LLP notice

Institutional Investors Weigh In On Snowflake

A number of institutional investors have recently modified their holdings of SNOW. Vanguard Group Inc. lifted its holdings in Snowflake by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after acquiring an additional 1,448,094 shares during the last quarter. Jennison Associates LLC raised its position in shares of Snowflake by 27.7% during the 4th 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. State Street Corp lifted its holdings in shares of Snowflake by 1.4% in the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company’s stock worth $1,541,120,000 after purchasing an additional 94,293 shares during the last quarter. Nuveen LLC lifted its holdings in shares of Snowflake by 2.3% in the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after purchasing an additional 116,521 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in Snowflake by 15.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock valued at $1,108,045,000 after purchasing an additional 652,485 shares during the period. Institutional investors own 65.10% of the company’s stock.

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.