Insider Selling: Snowflake (NYSE:SNOW) Director Sells $25,378,842.50 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 144,650 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $175.45, for a total value of $25,378,842.50. Following the sale, the director directly owned 38,046 shares of the company’s stock, valued at $6,675,170.70. This represents a 79.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $372,542.48.

Snowflake Stock Performance

Shares of NYSE:SNOW opened at $171.98 on Friday. The stock has a market capitalization of $59.45 billion, a P/E ratio of -43.54 and a beta of 1.08. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $280.67. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $153.88 and a two-hundred day moving average price of $193.16.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. Equities analysts predict that Snowflake Inc. will post -2.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Stifel Nicolaus set a $205.00 price objective on Snowflake in a report on Thursday, February 26th. Sanford C. Bernstein lowered their price target on Snowflake from $237.00 to $195.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $325.00 price target on shares of Snowflake in a research note on Tuesday. Mizuho lowered their price target on Snowflake from $285.00 to $220.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Finally, Piper Sandler lowered their price target on Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $242.19.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America raised its price target on Snowflake to $205 and reiterated a Buy rating, citing sustained enterprise demand, early traction in AI-driven workflow tools, and better execution confidence. Snowflake seen delivering strong quarter as Bank of America lifts price target
• Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating and set a much higher $325 target, reflecting confidence that Snowflake’s AI platform growth can keep accelerating. Benzinga report on Citizens JMP rating
• Positive Sentiment: Snowflake is gaining investor attention ahead of its next earnings report, with traders looking for a catalyst if results or guidance beat expectations. Dear Snowflake stock fans, mark your calendars for May 27
• Positive Sentiment: Recent coverage says Snowflake is expanding its AI ecosystem through partnerships and product integrations, which could support longer-term enterprise adoption and revenue growth. Snowflake Expands AI Ecosystem As Partnerships Deepen Everyday Enterprise Workflows
• Neutral Sentiment: Analysts and media have highlighted Snowflake’s strong customer growth and AI partnerships, but also pointed to heavier competition from Alphabet and Amazon. Snowflake Rides on Growing Customer Base: More Upside Ahead?
• Neutral Sentiment: Some commentary suggests the stock’s recent weakness was more of a pause after a strong run than a sign of a new company-specific problem. Why Snowflake Stock Is Falling On Wednesday?
• Negative Sentiment: Director Frank Slootman disclosed a large share sale, which can weigh on sentiment even though it was made under a pre-arranged trading plan. SEC Form 4 filing

Hedge Funds Weigh In On Snowflake

Large investors have recently bought and sold shares of the company. Grey Fox Wealth Advisors LLC acquired a new position in Snowflake during the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Snowflake in the 4th quarter valued at approximately $28,000. Greenline Wealth Management LLC acquired a new stake in shares of Snowflake in the 4th quarter valued at approximately $29,000. GoalVest Advisory LLC boosted its holdings in shares of Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the last quarter. Finally, Physician Wealth Advisors Inc. boosted its holdings in shares of Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds 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.