Snowflake (NYSE:SNOW) Director Frank Slootman Sells 162,924 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 162,924 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $263.70, for a total value of $42,963,058.80. Following the transaction, the director directly owned 38,046 shares in the company, valued at $10,032,730.20. This trade represents a 81.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 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 shares were sold at an average price of $175.45, for a total value of $25,378,842.50.
• On Wednesday, March 18th, Frank Slootman sold 88,701 shares of Snowflake stock. The shares were sold at an average price of $175.93, for a total value 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 value 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 stock was sold at an average price of $182.44, for a total value of $372,542.48.

Snowflake Stock Down 7.4%

NYSE SNOW opened at $241.88 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.30. The stock has a market capitalization of $83.62 billion, a PE ratio of -68.72 and a beta of 1.35. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $284.99. The business’s 50-day moving average is $162.02 and its 200 day moving average is $190.30.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.Snowflake’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. Sell-side analysts forecast that Snowflake Inc. will post -2.15 earnings per share for the current year.

Hedge Funds Weigh In On Snowflake

Institutional investors have recently modified their holdings of the stock. Kemnay Advisory Services Inc. purchased a new position in Snowflake during the fourth quarter valued at approximately $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake in the fourth quarter valued at approximately $29,000. GoalVest Advisory LLC boosted its stake in Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after acquiring an additional 51 shares in the last quarter. Finally, Emerald Advisers LLC lifted its stake in shares of Snowflake by 95.2% during the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after buying an additional 100 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake unveiled a large set of AI product updates at Snowflake Summit 26, including upgrades to Horizon Catalog, CoWork, CoCo, and Datastream, reinforcing its push to become a core enterprise AI platform. Snowflake Advances Trusted AI with Snowflake Horizon Catalog Centralizing Governance, Context, and Security Across the Enterprise
• Positive Sentiment: Several new partnerships and customer wins were announced, including Sanofi and Thomson Reuters building on Snowflake, which signals growing enterprise adoption of its AI data cloud. Sanofi Chooses Snowflake to Accelerate its AI-Powered Drug Development
• Positive Sentiment: Wall Street sentiment improved, with UBS, Piper Sandler, Needham, BTIG, and TD Cowen raising price targets or reiterating bullish ratings, suggesting analysts see more upside in SNOW after the company’s recent momentum. UBS price target raise on Snowflake
• Positive Sentiment: Analysts also highlighted strong Q1 results and rapid adoption of new AI-native products, which helped fuel renewed investor enthusiasm around Snowflake’s growth story. The 5 Most Interesting Analyst Questions From Snowflake’s Q1 Earnings Call
• Neutral Sentiment: Snowflake’s Summit 26 also produced a long list of ecosystem announcements and partner awards, which help validate the platform but are mostly incremental near-term catalysts rather than immediate financial drivers. TransUnion Expands TruIQ Data Enrichment on Snowflake AI Data Cloud
• Neutral Sentiment: Coverage comparing Snowflake with MongoDB and other AI/software names adds visibility, but it is more about long-term positioning than a direct earnings impact. Snowflake vs. MongoDB: Which Technology Stock Is a Better Buy in 2026?
• Negative Sentiment: The stock also faces pressure from insider sales, including large June 1 transactions by Director Frank Slootman and EVP Christian Kleinerman, which can weigh on sentiment even when the sales were made under pre-arranged trading plans. Frank Slootman insider trade details
• Negative Sentiment: SNOW also fell with the broader software group after a second straight session of profit-taking in software stocks, indicating some of the move may be sector-driven rather than company-specific. ServiceNow and Snowflake Shares Are Falling, What You Need To Know

Analysts Set New Price Targets

SNOW has been the subject of a number of research reports. Needham & Company LLC boosted their target price on shares of Snowflake from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday. Stifel Nicolaus boosted their price objective on shares of Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Evercore set a $200.00 price objective on shares of Snowflake in a research report on Tuesday, April 14th. Truist Financial reissued a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Snowflake in a research report on Thursday, May 28th. Finally, Wells Fargo & Company upped their target price on shares of Snowflake from $210.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $289.90.

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.