Frank Slootman Sells 100,000 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total transaction of $17,691,000.00. Following the sale, the director owned 50,329 shares in the company, valued at $8,903,703.39. This represents a 66.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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.
• On Tuesday, December 16th, Frank Slootman sold 7,728 shares of Snowflake stock. The stock was sold at an average price of $212.45, for a total transaction of $1,641,813.60.
• On Tuesday, December 9th, Frank Slootman sold 1,993 shares of Snowflake stock. The shares were sold at an average price of $223.31, for a total value of $445,056.83.

Snowflake Price Performance

Snowflake stock traded up $3.31 during mid-day trading on Thursday, hitting $179.39. 3,136,471 shares of the company were exchanged, compared to its average volume of 5,909,769. The company has a market capitalization of $61.39 billion, a PE ratio of -44.40 and a beta of 1.14. The business has a fifty day moving average of $206.03 and a 200 day moving average of $224.37. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm earned $0.20 EPS. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year. As a group, sell-side analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reports an early $100M AI run rate as new AI tools and major partnerships accelerate enterprise adoption — a sign of upside to AI-driven revenue expansion. Snowflake Rides on Enterprise AI Adoption: A Sign for More Upside?
• Positive Sentiment: Preview and analyst commentary highlight Snowflake’s AI-data-cloud inflection (Cortex AI, Document AI) and a cited ~$200M OpenAI partnership as key catalysts that could lift RPO and new revenue streams. Snowflake: The AI Data Cloud Inflection Point (Q4 Earnings Preview)
• Positive Sentiment: KPI Partners elevated its partnership tier and expanded collaboration with Snowflake (and Databricks), signaling stronger partner-led go-to-market traction. KPI Partners Elevates Partnership Tier and Expands Strategic Collaboration with Snowflake and Databricks
• Positive Sentiment: Liquibase Secure 5.1 adds modeled change control for Snowflake, improving security/compliance and easing enterprise adoption for AI workloads. Liquibase Secure 5.1 Extends Modeled Change Control to Snowflake
• Positive Sentiment: Product commentary notes Snowflake’s new coding agent as differentiated, supporting the company’s product-led AI narrative. Snowflake’s new coding agent is in a category of its own, says head of product
• Neutral Sentiment: Citigroup trimmed its price target from $300 to $270 but kept a buy rating — a mixed signal (lower upside estimate but continued conviction). Citigroup Lowers Price Target
• Neutral Sentiment: Zacks and other previews expect Snowflake to beat upcoming quarterly estimates, which supports near-term optimism ahead of earnings. Snowflake Expected to Beat Earnings Estimates
• Negative Sentiment: Johnson Fistel announced an investigation into whether Snowflake or its officers complied with federal securities laws — introduces legal/settlement risk that can pressure the stock. Snowflake Inc. (SNOW) Shareholders Are Encouraged to Reach Out to Johnson Fistel
• Negative Sentiment: Analyst downgrades and price-target cuts (Mizuho to $220; reports of trading down after downgrades) are creating near-term downward pressure on shares. Mizuho Lowers Snowflake Price Target
• Negative Sentiment: Competitive developments such as Google BigQuery’s new global queries feature could intensify rivalry in the data platform market and weigh on SNOW’s growth premium. Snowflake stock falls amid Google’s new BigQuery global queries feature

Hedge Funds Weigh In On Snowflake

Institutional investors have recently modified their holdings of the stock. Compound Planning Inc. increased its position in shares of Snowflake by 26.9% in the 4th quarter. Compound Planning Inc. now owns 3,128 shares of the company’s stock valued at $686,000 after buying an additional 664 shares in the last quarter. Corient Private Wealth LLC grew its stake in Snowflake by 718.4% in the fourth quarter. Corient Private Wealth LLC now owns 210,312 shares of the company’s stock valued at $46,134,000 after acquiring an additional 184,613 shares during the period. Strive Financial Group LLC acquired a new position in Snowflake in the fourth quarter valued at about $59,000. Ameriflex Group Inc. increased its stake in Snowflake by 285.2% during the 4th quarter. Ameriflex Group Inc. now owns 624 shares of the company’s stock worth $137,000 after purchasing an additional 462 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Snowflake by 1.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 36,173 shares of the company’s stock worth $7,935,000 after buying an additional 525 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SNOW shares. BTIG Research restated a “buy” rating and set a $312.00 target price on shares of Snowflake in a report on Thursday, December 4th. Monness Crespi & Hardt increased their price objective on shares of Snowflake from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $280.00 target price on shares of Snowflake in a research note on Thursday, December 4th. Macquarie Infrastructure upped their target price on shares of Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Finally, Robert W. Baird raised their price target on shares of Snowflake from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus target price of $269.84.

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.