Snowflake (NYSE:SNOW) Director Frank Slootman Sells 200,000 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $224.27, for a total value of $44,854,000.00. Following the sale, the director directly owned 28,535 shares in the company, valued at $6,399,544.45. The trade was a 87.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 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 transaction of $9,770,382.00.
• On Tuesday, May 19th, Frank Slootman sold 144,650 shares of Snowflake stock. The shares were sold at an average price of $175.45, for a total transaction of $25,378,842.50.

Snowflake Trading Down 2.7%

Snowflake stock traded down $6.27 during mid-day trading on Monday, hitting $226.02. 5,986,301 shares of the stock were exchanged, compared to its average volume of 10,466,290. The stock has a market capitalization of $78.34 billion, a price-to-earnings ratio of -64.21 and a beta of 1.35. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $284.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The firm’s fifty day simple moving average is $184.06 and its two-hundred day simple moving average is $189.10.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm posted $0.24 EPS. The company’s quarterly revenue was up 33.5% on a year-over-year basis. Analysts forecast that Snowflake Inc. will post -1.87 EPS for the current year.

Hedge Funds Weigh In On Snowflake

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Snowflake by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after purchasing an additional 1,448,094 shares during the last quarter. Jennison Associates LLC raised 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 purchasing an additional 2,519,413 shares during the period. Nuveen LLC raised its stake in shares of Snowflake by 2.3% during the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after purchasing an additional 116,521 shares during the period. Geode Capital Management LLC raised its position in Snowflake by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock worth $1,052,195,000 after acquiring an additional 249,668 shares during the period. Finally, Norges Bank purchased a new position in Snowflake in the fourth quarter valued at about $974,091,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SNOW. Needham & Company LLC lifted their price objective on Snowflake from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Citizens Jmp restated a “market outperform” rating and issued a $325.00 price target on shares of Snowflake in a report on Tuesday, May 19th. Canaccord Genuity Group upped their price objective on shares of Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on Snowflake from $230.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group upped their price objective on shares of Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.53.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Truist reiterated a Buy rating on Snowflake and raised its price target to $300 from $275, citing constructive customer feedback following Snowflake Summit 2026. Truist Remains Bullish on Snowflake Inc. (SNOW)
• Positive Sentiment: Snowflake’s fifth annual Modern Marketing Data Stack report highlighted a wide ecosystem of partners, including RudderStack, Hightouch, Sigma, Amperity, Iterable, Acxiom, Tealium, Adstra, Verato, Ketch, Snowplow, Piano, DAS42, and others. The repeated “Leader” and “One to Watch” designations reinforce Snowflake’s role as the core platform for governed data activation and AI-driven marketing workflows. Snowplow Recognized as Leader in Snowflake’s Modern Marketing Data Stack Report for Third Consecutive Year
• Neutral Sentiment: Several partners publicized their recognition in Snowflake’s report at Cannes Lions 2026, which is mostly a marketing and ecosystem story rather than a direct financial update. While it supports Snowflake’s brand strength, the immediate stock impact may be limited. RudderStack Named a Leader in Snowflake’s Modern Marketing Data Stack Report

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.