Snowflake (NYSE:SNOW) Director Frank Slootman Sells 300,000 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 300,000 shares of the company’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $316.43, for a total value of $94,929,000.00. Following the completion of the transaction, the director directly owned 19,024 shares in the company, valued at approximately $6,019,764.32. The trade was a 94.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Monday, September 21st, Frank Slootman sold 102,791 shares of Snowflake stock. The stock was sold at an average price of $335.22, for a total value of $34,457,599.02.
• On Friday, September 18th, Frank Slootman sold 197,209 shares of Snowflake stock. The stock was sold at an average price of $334.10, for a total value of $65,887,526.90.
• On Wednesday, September 16th, Frank Slootman sold 8,191 shares of Snowflake stock. The stock was sold at an average price of $318.51, for a total value of $2,608,915.41.
• On Wednesday, August 19th, Frank Slootman sold 48,990 shares of Snowflake stock. The shares were sold at an average price of $320.78, for a total value of $15,715,012.20.
• On Tuesday, August 18th, Frank Slootman sold 251,010 shares of Snowflake stock. The shares were sold at an average price of $325.53, for a total value of $81,711,285.30.

Snowflake Stock Up 1.1%

Shares of SNOW stock opened at $323.03 on Thursday. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56. The firm has a market capitalization of $113.96 billion, a PE ratio of -101.58 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50-day simple moving average is $332.33 and its 200-day simple moving average is $259.15.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The company’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities analysts expect that Snowflake Inc. will post -1.44 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC purchased a new position in Snowflake during the third quarter worth approximately $232,000. Crossmark Global Holdings Inc. increased its position in shares of Snowflake by 15.0% in the third quarter. Crossmark Global Holdings Inc. now owns 3,604 shares of the company’s stock valued at $1,224,000 after buying an additional 471 shares in the last quarter. Income Insurance Ltd raised its stake in shares of Snowflake by 10.7% during the 3rd quarter. Income Insurance Ltd now owns 1,037 shares of the company’s stock worth $352,000 after buying an additional 100 shares during the period. Sowell Financial Services LLC raised its stake in shares of Snowflake by 22.0% during the 3rd quarter. Sowell Financial Services LLC now owns 3,042 shares of the company’s stock worth $1,033,000 after buying an additional 549 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in shares of Snowflake by 900.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,252 shares of the company’s stock valued at $806,000 after buying an additional 2,027 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on SNOW shares. Benchmark lifted their price objective on shares of Snowflake from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Truist Financial set a $425.00 price objective on shares of Snowflake and gave the company a “buy” rating in a report on Thursday, September 3rd. The Goldman Sachs Group increased their price objective on shares of Snowflake from $300.00 to $436.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Oppenheimer raised their target price on shares of Snowflake from $400.00 to $475.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Finally, Bank of America raised their target price on shares of Snowflake from $330.00 to $395.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Thirty-six 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 data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus target price of $413.87.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst Dan Ives argues that the artificial-intelligence spending cycle is still in its early stages, with less than 15% of potential investment completed. Snowflake is identified as a key data and cloud infrastructure beneficiary if enterprise AI adoption continues for several years. The AI Buildout Is Only 15% Complete
• Positive Sentiment: BNP says Snowflake’s AI monetization efforts are advancing, providing a potentially important growth catalyst as customers increasingly use the platform for AI workloads. The opportunity is tempered by Salesforce’s view that adoption remains at an early stage. Snowflake AI Monetization Efforts
• Positive Sentiment: Wall Street brokerages continue to rate Snowflake a “Moderate Buy,” indicating that analysts broadly see upside despite valuation and profitability risks. Snowflake Rated Moderate Buy
• Positive Sentiment: Snowflake’s collaboration with Lumen Technologies on secure data movement, AI workloads and sovereign AI infrastructure could expand its exposure to government and enterprise AI use cases. AI Data Partnerships
• Neutral Sentiment: Snowflake is promoting its 2026 Global Startup Challenge, an initiative intended to encourage startups to build on its platform. It supports ecosystem development but does not immediately change financial forecasts. Global Startup Challenge 2026
• Negative Sentiment: Director Frank Slootman sold 300,000 shares worth approximately $94.9 million, reducing his ownership by 94%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which reduces its informational value, but the size of the transaction may still pressure sentiment. SEC Insider Sale Filing
• Negative Sentiment: Snowflake continues to grow rapidly but remains unprofitable. Recent coverage highlighted approximately 35% revenue growth alongside losses, reinforcing concerns about valuation, margins and the company’s path to sustainable earnings. Snowflake Revenue Growth and Losses

Snowflake Company Profile

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.