Snowflake (NYSE:SNOW) Director Frank Slootman Sells 251,010 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 251,010 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $325.53, for a total value of $81,711,285.30. Following the completion of the sale, the director owned 28,535 shares of the company’s stock, valued at approximately $9,288,998.55. This trade represents a 89.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Wednesday, August 19th, Frank Slootman sold 48,990 shares of Snowflake stock. The stock was sold at an average price of $320.78, for a total value of $15,715,012.20.
• 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 value 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 transaction of $25,147,827.00.
• On Friday, June 26th, Frank Slootman sold 100 shares of Snowflake stock. The shares were 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 stock was 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 value of $42,963,058.80.
• On Friday, May 29th, Frank Slootman sold 437,076 shares of Snowflake stock. The shares were 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 transaction of $93,368,000.00.

Snowflake Price Performance

NYSE:SNOW traded down $4.97 during mid-day trading on Thursday, hitting $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 company has a market capitalization of $110.93 billion, a price-to-earnings ratio of -90.92 and a beta of 1.33. 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 fifty-two week low of $118.30 and a fifty-two week high of $341.95. The stock has a fifty day moving average of $275.49 and a 200-day moving average of $207.94.

Snowflake (NYSE:SNOW) last posted its 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. 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 analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 33.5% compared to the same quarter last year. As a group, equities analysts forecast that Snowflake Inc. will post -1.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SNOW. KeyCorp raised their target price on Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Wells Fargo & Company restated an “overweight” rating on shares of Snowflake in a report on Wednesday, July 29th. Needham & Company LLC raised their target price on Snowflake from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Cantor Fitzgerald increased their target price on shares of Snowflake from $225.00 to $282.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Finally, Piper Sandler boosted their price target on shares of Snowflake from $295.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Thirty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus price target of $320.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SNOW. Vanguard Group Inc. raised its stake in shares of Snowflake by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after purchasing an additional 1,448,094 shares in the last quarter. Jennison Associates LLC lifted its stake in Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the last quarter. Nuveen LLC grew its position in Snowflake by 2.3% during the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after acquiring an additional 116,521 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Snowflake by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock worth $1,052,195,000 after purchasing an additional 249,668 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Snowflake during the fourth quarter valued at $974,091,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Key Snowflake News

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

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.