Snowflake (NYSE:SNOW) Director Frank Slootman Sells 8,191 Shares

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 8,191 shares of Snowflake stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $318.51, for a total value of $2,608,915.41. Following the completion of the sale, the director directly owned 19,024 shares of the company’s stock, valued at $6,059,334.24. The trade was a 30.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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, 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.
• 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 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 transaction 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 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 transaction 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 transaction of $44,854,000.00.

Snowflake Stock Up 2.3%

SNOW traded up $7.28 during trading hours on Wednesday, hitting $330.26. 3,757,358 shares of the company’s stock were exchanged, compared to its average volume of 5,277,960. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56. The firm has a 50 day moving average of $307.79 and a 200 day moving average of $228.50. The firm has a market cap of $116.52 billion, a P/E ratio of -103.85 and a beta of 1.33. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business earned $0.35 EPS. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. Analysts predict that Snowflake Inc. will post -1.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Snowflake

Several institutional investors have recently added to or reduced their stakes in the business. MV Capital Management Inc. purchased a new stake in shares of Snowflake during the 4th quarter worth approximately $32,000. Copos Capital S.a r.l. purchased a new position in shares of Snowflake in the 4th quarter valued at $35,000. SHP Wealth Management acquired a new stake in Snowflake during the 4th quarter worth $39,000. Basecamp Wealth Advisors LLC raised its stake in Snowflake by 140.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock worth $30,000 after acquiring an additional 118 shares in the last quarter. Finally, Emerald Advisers LLC lifted its position in Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SNOW shares. DA Davidson boosted their target price on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $450.00 price target (up from $320.00) on shares of Snowflake in a research report on Thursday, September 3rd. Monness Crespi & Hardt lifted their price objective on Snowflake from $380.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Argus boosted their price objective on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Finally, Rosenblatt Securities upped their target price on shares of Snowflake from $285.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. 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 stock. According to MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $414.24.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s second-quarter fiscal 2027 performance reportedly included approximately $1.55 billion in revenue, a reduced net loss, higher full-year product-revenue and operating-margin guidance, and a completed $3.7 billion share-repurchase program that retired about 25.4 million shares. The combination of stronger AI adoption, improved profitability expectations, and a smaller share count is supportive for the stock. How Investors May Respond To Snowflake AI-fueled Guidance Hike and $3.7 Billion Buyback
• Positive Sentiment: Snowflake introduced dynamic model routing designed to direct workloads to the most cost-effective AI models. Lowering enterprise AI spending could improve customer adoption and increase usage of Snowflake’s platform. Snowflake’s dynamic model routing aims to make enterprise AI more cost-efficient
• Positive Sentiment: QAD | Redzone’s ChampionAI, powered by Snowflake Cortex AI, is targeting manufacturing productivity, labor, and operational-pace challenges. The deployment provides another example of Snowflake’s AI technology being used in commercial applications. QAD | Redzone’s ChampionAI, Powered by Snowflake Cortex AI
• Positive Sentiment: Scotiabank raised its fiscal 2027 EPS estimate for Snowflake to a loss of $1.32 per share from a projected loss of $1.81 and maintained a “Sector Outperform” rating with a $440 price target. Scotiabank estimate update
• Positive Sentiment: Analyst commentary continues to highlight Snowflake’s faster growth, expanding customer base, and increasing AI adoption relative to Adobe, while momentum-focused coverage may attract additional investor interest. Snowflake vs. Adobe: Which Enterprise AI Stock Is a Better Buy?
• Neutral Sentiment: Snowflake’s support for UAE entrepreneurs building AI startups expands its ecosystem and international visibility, although the near-term financial impact is unclear. Snowflake backs UAE entrepreneurs building AI startups
• Negative Sentiment: The bullish growth case comes with valuation risk: Snowflake trades at a substantially richer valuation than Adobe despite continuing to report losses, leaving the stock vulnerable if AI growth or profitability disappoints. Snowflake versus Adobe valuation comparison

About Snowflake

Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake’s Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake’s marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.