Snowflake (NYSE:SNOW) Director Sells $372,542.48 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 2,042 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $182.44, for a total value of $372,542.48. Following the sale, the director directly owned 47,558 shares of the company’s stock, valued at approximately $8,676,481.52. The trade was a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, February 18th, Frank Slootman sold 100,000 shares of Snowflake stock. The shares were sold at an average price of $176.91, for a total transaction of $17,691,000.00.
• 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 stock was 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.

Snowflake Stock Up 2.3%

SNOW traded up $3.98 during trading on Wednesday, hitting $179.30. The company had a trading volume of 3,480,466 shares, compared to its average volume of 6,898,770. Snowflake Inc. has a one year low of $120.10 and a one year high of $280.67. The firm’s 50-day moving average price is $192.07 and its 200 day moving average price is $221.90. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 48.50% and a negative net margin of 28.43%.The company’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. As a group, equities research analysts predict that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Snowflake

A number of institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Snowflake during the 4th quarter valued at $974,091,000. Winslow Capital Management LLC bought a new position in shares of Snowflake in the second quarter valued at about $725,667,000. Jennison Associates LLC lifted its stake in shares of Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. Coatue Management LLC bought a new stake in shares of Snowflake during the 3rd quarter worth about $441,277,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Snowflake during the 4th quarter worth about $345,619,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SNOW shares. Bank of America boosted their target price on Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Truist Financial decreased their price target on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Evercore boosted their price objective on shares of Snowflake from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Wedbush restated an “outperform” rating and set a $270.00 target price on shares of Snowflake in a report on Thursday, December 4th. Finally, Monness Crespi & Hardt raised their target price on shares of Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst upgrades and bullish coverage — Recent analyst notes and feature pieces upgraded Snowflake’s outlook, highlighting strong revenue growth, accelerating AI products and improved margin guidance; this bullish coverage is supporting buying interest. Snowflake Gets Upgrade As Tesla Faces Caution
• Positive Sentiment: New AI/ROI research reinforces demand narrative — Snowflake’s joint reports (with Omdia and Hakkoda/IBM) show enterprise AI projects producing positive ROI and net job gains, and highlight interoperability as essential in healthcare — evidence that Snowflake’s AI/data platform is driving real spend. Snowflake AI Report Links Enterprise ROI And Jobs To Long Term Demand
• Positive Sentiment: Buy thesis from independent analysts — Several bullish write-ups (e.g., Seeking Alpha) argue the recent pullback creates a contrarian buying opportunity given strong Q4 results, Cortex adoption and accelerating AI product monetization. Snowflake: Why I Am Buying The SaaS Meltdown (Rating Upgrade)
• Neutral Sentiment: Nuanced AI employment findings — Coverage of a 2,000‑IT executive survey and related stories show AI’s workforce impact is mixed and context-dependent; useful for narrative but not an immediate catalyst. Is AI stealing our jobs? A survey of 2,000 IT executives reveals a complicated answer
• Neutral Sentiment: Mixed near‑term technical/valuation commentary — Analyst notes and market pieces point to a ~19% three‑month decline and margin pressure, framing SNOW as higher‑upside but higher‑volatility; useful for risk/reward context but not a direct news catalyst. Is SNOW Stock a Buy, Hold, or Sell After a 19% Decline in Three Months?
• Negative Sentiment: Multiple securities class‑action notices — Several law firms have filed or are soliciting lead‑plaintiff interest alleging disclosure issues for the June 27, 2023–Feb 28, 2024 period; heightened litigation risk can create legal costs, management distraction and pressure on the valuation multiple. SNOW SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP
• Negative Sentiment: Insider selling disclosed — Director Michael Speiser sold ~50k shares (~$8.8M) in early March, markedly reducing his stake; material insider sales can weigh on sentiment even if unrelated to company fundamentals. Snowflake Director Sells $8,818,714.22 in Stock

Snowflake Company Profile

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.