Frank Slootman Sells 88,701 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 88,701 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $175.93, for a total transaction of $15,605,166.93. Following the completion of the sale, the director directly owned 38,046 shares of the company’s stock, valued at $6,693,432.78. The trade was a 69.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 transaction 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 shares were sold at an average price of $182.44, for a total value of $372,542.48.
• 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 value of $17,691,000.00.
• On Tuesday, January 20th, Frank Slootman sold 200,000 shares of Snowflake stock. The stock was sold at an average price of $206.77, for a total value of $41,354,000.00.

Snowflake Stock Performance

SNOW stock traded down $7.34 during midday trading on Friday, hitting $168.07. The company’s stock had a trading volume of 5,207,902 shares, compared to its average volume of 6,155,141. The stock has a market cap of $57.51 billion, a price-to-earnings ratio of -42.55 and a beta of 1.16. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock’s 50-day moving average price is $185.30 and its 200 day moving average price is $219.96. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The business’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. On average, equities analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake previewed Project SnowWork, an autonomous AI platform (research preview) designed to move customers from insights to automated workflows — a product expansion that could drive higher usage and upsell opportunities if adoption follows. Read article Snowflake Launches Project SnowWork
• Positive Sentiment: Snowflake Ventures made a strategic investment in Bedrock Data to strengthen AI data governance and integrate its capabilities into Snowflake Horizon — this supports enterprise AI credibility and could reduce friction for customers adopting Snowflake’s AI offerings. Read article Bedrock Data Secures Strategic Investment
• Neutral Sentiment: Analyst/features pieces continue to compare Snowflake favorably vs. peers (Alphabet) on AI adoption and customer growth — helpful for narrative and positioning, but not an immediate revenue guarantee. Read article Snowflake vs Alphabet: Which Cloud Analytics Stock Has an Edge Now?
• Negative Sentiment: Snowflake announced targeted job cuts (including technical-writing roles) even after its ~$200M OpenAI partnership — the layoffs raise near-term execution and morale concerns and highlight cost tradeoffs while ramping AI investments. Read article Snowflake Cuts Jobs After $200M OpenAI Partnership
• Negative Sentiment: Oppenheimer flagged that contribution margins from Cortex Code and AI workloads are lower than Snowflake’s core analytics workloads — implying AI revenue may be less profitable and could pressure overall margin expansion expectations. Read article Cortex Code and AI Workloads Contribution Margins
• Negative Sentiment: Multiple law firms are circulating class-action notices and soliciting lead plaintiffs in a securities suit (April 27 deadline), creating a legal overhang that can weigh on sentiment and increase potential litigation costs. Read article Rosen Law Firm Investor Notice
• Negative Sentiment: Recent insider sales (EVP Christian Kleinerman and Director Frank Slootman) were disclosed — large but not unusual — however such sales can add short-term selling pressure and feed negative sentiment. Read article Insider Sales Disclosure

Institutional Trading of Snowflake

A number of institutional investors have recently modified their holdings of SNOW. Sumitomo Mitsui Trust Group Inc. increased its holdings in Snowflake by 1.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock worth $165,123,000 after acquiring an additional 8,002 shares during the period. Federated Hermes Inc. boosted its holdings in Snowflake by 13.5% in the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock valued at $92,047,000 after purchasing an additional 48,411 shares during the period. Penserra Capital Management LLC grew its position in shares of Snowflake by 32.8% during the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock valued at $34,586,000 after purchasing an additional 37,911 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Snowflake by 3.1% in the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock worth $6,461,465,000 after purchasing an additional 857,832 shares during the period. Finally, William Blair Investment Management LLC bought a new position in shares of Snowflake in the third quarter worth $116,882,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNOW has been the topic of several research reports. Morgan Stanley lowered their price objective on shares of Snowflake from $270.00 to $245.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. KeyCorp decreased their price target on shares of Snowflake from $285.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price target on shares of Snowflake in a report on Monday, February 23rd. Zacks Research raised Snowflake from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Macquarie Infrastructure raised their target price on Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $248.58.

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.