Snowflake (NYSE:SNOW) Director Sells 48,990 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 48,990 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $320.78, for a total transaction of $15,715,012.20. Following the transaction, the director owned 28,535 shares in the company, valued at approximately $9,153,457.30. The trade was a 63.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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, August 18th, Frank Slootman sold 251,010 shares of Snowflake stock. The stock was sold at an average price of $325.53, for a total value of $81,711,285.30.
• On Tuesday, July 21st, Frank Slootman sold 10,315 shares of Snowflake stock. The shares were sold at an average price of $275.10, for a total value of $2,837,656.50.
• 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 value of $79,486,667.15.
• On Monday, June 29th, Frank Slootman sold 99,900 shares of Snowflake stock. The stock was 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 value 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 transaction 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 transaction of $93,368,000.00.

Snowflake Trading Down 1.5%

SNOW stock traded down $4.97 during trading on Thursday, hitting $320.04. The company had a trading volume of 3,174,131 shares, compared to its average volume of 4,958,223. The firm has a 50-day moving average price of $275.49 and a 200-day moving average price of $207.94. The stock has a market cap of $110.93 billion, a price-to-earnings ratio of -90.92 and a beta of 1.33. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $341.95. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last announced 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 return on equity of 50.50% and a negative net margin of 23.79%.The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the business posted $0.24 EPS. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. As a group, analysts predict that Snowflake Inc. will post -1.81 earnings per share for the current year.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: New AI model-routing capabilities strengthen Snowflake’s enterprise offering. The company introduced dynamic model routing in its Cortex AI Gateway and flagship products, allowing customers to direct workloads among multiple AI models based on task complexity, governance requirements and cost. The feature could reduce vendor dependence, improve efficiency and support Snowflake’s positioning as an enterprise AI platform. Snowflake introduces dynamic model routing to enhance AI efficiency
• Positive Sentiment: Analysts raised their targets and maintained bullish ratings. Truist lifted its target from $300 to $375 and assigned a “buy” rating, while Bank of America raised its target from $330 to $395 and also rated the shares “buy.” These revisions reflect confidence in Snowflake’s AI momentum and provide potential upside according to the firms. Analyst price-target updates
• Positive Sentiment: AI adoption remains a key growth driver. A recent analysis said Snowflake’s AI-related products are helping generate 34% product-revenue growth, while model routing may improve customer flexibility and strengthen its competitive position in enterprise AI. Snowflake rides on AI momentum
• Neutral Sentiment: Competitive comparisons may temper enthusiasm. Analysts highlighted Snowflake’s rapid AI adoption but argued Dell Technologies may offer stronger earnings momentum, AI-server demand and business diversification. This could lead some investors to favor other AI-related opportunities. Snowflake versus Dell
• Negative Sentiment: Cybersecurity concerns and broader AI-cloud selling are weighing on sentiment. A report described a Snowflake vulnerability that reportedly evaded AI-based security checks and was exploited by another AI system. Separately, selling across AI-cloud stocks has been linked to financing concerns, creating pressure even as Snowflake’s long-term AI outlook remains positive. Snowflake security flaw report

Institutional Investors Weigh In On Snowflake

A number of large investors have recently added to or reduced their stakes in SNOW. Vanguard Group Inc. raised its position in Snowflake by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after purchasing an additional 1,448,094 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Snowflake by 27.7% during the fourth 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 lifted its stake in shares of Snowflake by 2.3% in the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after acquiring an additional 116,521 shares during the period. Geode Capital Management LLC boosted its holdings in Snowflake by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock valued at $1,052,195,000 after acquiring an additional 249,668 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Snowflake in the 4th quarter worth approximately $974,091,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Snowflake from $245.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. The Goldman Sachs Group increased their price objective on shares of Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Sanford C. Bernstein increased their price target on Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, May 28th. Raymond James Financial reiterated an “outperform” rating and set a $275.00 price objective on shares of Snowflake in a research note on Thursday, May 28th. Finally, Evercore reissued an “outperform” rating and issued a $360.00 price objective on shares of Snowflake in a research report on Monday, August 10th. Thirty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and an average price target of $320.65.

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.