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

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 251,010 shares of the business’s stock in a transaction dated 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 transaction, the director owned 28,535 shares in the company, valued at $9,288,998.55. This represents a 89.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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, 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, July 21st, Frank Slootman sold 10,315 shares of Snowflake stock. The stock was sold at an average price of $275.10, for a total value of $2,837,656.50.
• On Monday, July 20th, Frank Slootman sold 289,685 shares of Snowflake stock. The stock was 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 stock was sold at an average price of $251.73, for a total value 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 shares were sold at an average price of $224.27, for a total value of $44,854,000.00.
• On Tuesday, June 16th, Frank Slootman sold 8,066 shares of Snowflake stock. The shares were 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 stock was sold at an average price of $252.43, for a total transaction 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 Trading Down 1.5%

Shares of Snowflake stock opened at $320.04 on Friday. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $341.95. The firm has a market capitalization of $110.93 billion, a PE ratio of -90.92 and a beta of 1.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The company’s fifty day moving average price is $277.09 and its two-hundred day moving average price is $208.84.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, analysts expect that Snowflake Inc. will post -1.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Citizens Jmp lifted their price objective on Snowflake from $325.00 to $408.00 and gave the company a “market outperform” rating in a report on Tuesday. DA Davidson increased their target price on Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Snowflake in a research report on Thursday. Canaccord Genuity Group boosted their price target on Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group upped their price target on Snowflake from $216.00 to $278.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Thirty-four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $320.65.

Institutional Investors Weigh In On Snowflake

A number of large investors have recently bought and sold shares of SNOW. Jennison Associates LLC boosted its position 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 buying an additional 2,519,413 shares during the last quarter. Swedbank AB raised its position in shares of Snowflake by 6.0% during the fourth quarter. Swedbank AB now owns 1,330,415 shares of the company’s stock worth $291,840,000 after acquiring an additional 75,419 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Snowflake by 8.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 144,234 shares of the company’s stock worth $31,639,000 after acquiring an additional 10,972 shares during the last quarter. North Dakota State Investment Board acquired a new position in shares of Snowflake during the fourth quarter valued at $3,495,000. Finally, Nippon Life Global Investors Americas Inc. lifted its stake in shares of Snowflake by 1,052.2% during the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 111,990 shares of the company’s stock valued at $24,566,000 after acquiring an additional 102,270 shares during the period. 65.10% of the stock is currently owned by institutional investors.

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.