Frank Slootman Sells 10,315 Shares of Snowflake (NYSE:SNOW) Stock

Posted by Paula Ricardo on Jul 30th, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) Director Frank Slootman sold 10,315 shares of the business’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $275.10, for a total transaction of $2,837,656.50. Following the completion of the sale, the director directly owned 28,535 shares in the company, valued at approximately $7,849,978.50. This represents a 26.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

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 shares were 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.
On Tuesday, June 16th, Frank Slootman sold 8,066 shares of Snowflake stock. The stock was sold at an average price of $240.00, for a total transaction 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 transaction of $42,963,058.80.
On Friday, May 29th, Frank Slootman sold 437,076 shares of Snowflake stock. The shares were sold at an average price of $252.43, for a total value 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 value of $93,368,000.00.
On Tuesday, May 26th, Frank Slootman sold 55,350 shares of Snowflake stock. The shares were sold at an average price of $176.52, for a total value of $9,770,382.00.
On Tuesday, May 19th, Frank Slootman sold 144,650 shares of Snowflake stock. The stock was sold at an average price of $175.45, for a total value of $25,378,842.50.

Snowflake Stock Performance

SNOW opened at $283.55 on Thursday. The business’s 50-day simple moving average is $245.62 and its 200 day simple moving average is $196.12. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $293.56. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $98.28 billion, a PE ratio of -80.55 and a beta of 1.35.

Snowflake (NYSE:SNOW – Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The business’s revenue was up 33.5% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. As a group, sell-side analysts expect that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. boosted its stake in Snowflake by 99.1% in the 4th quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock valued at $43,577,000 after purchasing an additional 98,870 shares during the period. Jennison Associates LLC increased its position in 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 period. Swedbank AB increased its position in Snowflake by 6.0% during the 4th quarter. Swedbank AB now owns 1,330,415 shares of the company’s stock worth $291,840,000 after buying an additional 75,419 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings 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 buying an additional 10,972 shares in the last quarter. Finally, Cache Advisors LLC lifted its holdings in shares of Snowflake by 175.0% during the fourth quarter. Cache Advisors LLC now owns 11,132 shares of the company’s stock worth $2,442,000 after buying an additional 7,084 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: New AI governance products strengthen Snowflake’s enterprise positioning. Snowflake launched the Cortex AI Gateway and related security innovations to provide centralized monitoring, activity controls, cost management and secure interoperability for AI agents. These tools address major barriers to corporate AI adoption and could increase platform usage as customers scale agentic-AI deployments. Snowflake launches AI agent governance layer to track activity, control costs
Positive Sentiment: Analysts see significant additional upside. Wells Fargo reportedly reiterated a bullish view, citing an opportunity for the software stock to gain as much as 85% after its earlier decline. Snowflake’s enterprise-AI expansion, security features and product-revenue guidance calling for approximately 30% growth are supporting the optimistic outlook. Wells Fargo says this software stock can surge 85%
Positive Sentiment: Partnership activity reinforces the AI-security narrative. 1Password joined Snowflake to address trusted agent interoperability, potentially improving the credibility and adoption of Snowflake’s security and governance offering. 1Password joins Snowflake to tackle AI security
Neutral Sentiment: Technical momentum has improved. A reported golden-cross setup and a cup-with-handle pattern suggest stronger chart momentum, with technical traders watching a potential breakout near the pattern’s entry level. Snowflake flashes golden cross after sell-off
Negative Sentiment: Heavy insider selling may concern investors. Director Frank Slootman sold roughly $79.5 million of shares on July 20 and another $2.8 million on July 21, while director Benoit Dageville sold approximately $18.4 million. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but they can still weigh on sentiment.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SNOW shares. KeyCorp raised their target price on shares of Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Canaccord Genuity Group upped their price target on shares of Snowflake from $240.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. TD Cowen reiterated a “buy” rating and issued a $300.00 price target on shares of Snowflake in a research note on Wednesday, June 3rd. Mizuho lifted their price objective on shares of Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, Needham & Company LLC lifted their price objective on shares of Snowflake from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Thirty-four equities research 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $296.27.

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About Snowflake

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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.