Snowflake (NYSE:SNOW) Director Sells $93,368,000.00 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 400,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $233.42, for a total transaction of $93,368,000.00. Following the transaction, the director owned 38,046 shares of the company’s stock, valued at $8,880,697.32. This trade represents a 91.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 26th, Frank Slootman sold 55,350 shares of Snowflake stock. The stock was sold at an average price of $176.52, for a total transaction 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 transaction of $25,378,842.50.
• On Wednesday, March 18th, Frank Slootman sold 88,701 shares of Snowflake stock. The stock was sold at an average price of $175.93, for a total transaction of $15,605,166.93.
• 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 transaction of $1,380,627.16.
• On Tuesday, March 10th, Frank Slootman sold 2,042 shares of Snowflake stock. The stock was sold at an average price of $182.44, for a total transaction of $372,542.48.

Snowflake Stock Up 7.0%

Shares of NYSE:SNOW traded up $16.74 during trading on Friday, hitting $255.94. 19,860,842 shares of the company were exchanged, compared to its average volume of 9,459,329. The stock has a market capitalization of $88.48 billion, a P/E ratio of -72.71 and a beta of 1.08. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $280.67. The firm’s 50 day moving average price is $156.69 and its 200-day moving average price is $190.95.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm earned $0.24 EPS. The company’s revenue was up 33.5% compared to the same quarter last year. On average, research analysts predict that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Snowflake

Hedge funds have recently modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new stake in shares of Snowflake during the 4th quarter worth about $28,000. Greenline Wealth Management LLC acquired a new stake in shares of Snowflake during the 4th quarter worth about $29,000. GoalVest Advisory LLC boosted its stake in shares of Snowflake by 221.4% during the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Snowflake by 56.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after purchasing an additional 51 shares during the last quarter. Finally, Emerald Advisers LLC boosted its stake in shares of Snowflake by 95.2% during the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of recent analyst reports. Monness Crespi & Hardt upped their price target on shares of Snowflake from $282.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup increased their price objective on shares of Snowflake from $260.00 to $320.00 and gave the company a “buy” rating in a research note on Friday. Bank of America increased their price objective on shares of Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group increased their price objective on shares of Snowflake from $216.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday. Finally, DA Davidson increased their price objective on shares of Snowflake from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $284.38.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
• Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
• Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title

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.