Insider Selling: Snowflake (NYSE:SNOW) Director Sells $34,457,599.02 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 102,791 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $335.22, for a total value of $34,457,599.02. Following the transaction, the director directly owned 19,024 shares in the company, valued at approximately $6,377,225.28. This represents a 84.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, September 18th, Frank Slootman sold 197,209 shares of Snowflake stock. The stock was sold at an average price of $334.10, for a total value of $65,887,526.90.
• On Wednesday, September 16th, Frank Slootman sold 8,191 shares of Snowflake stock. The stock was sold at an average price of $318.51, for a total value of $2,608,915.41.
• On Wednesday, August 19th, Frank Slootman sold 48,990 shares of Snowflake stock. The shares were sold at an average price of $320.78, for a total value of $15,715,012.20.
• On Tuesday, August 18th, Frank Slootman sold 251,010 shares of Snowflake stock. The shares were 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 stock was 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 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 stock was sold at an average price of $250.00, for a total transaction of $25,000.00.

Snowflake Trading Down 0.2%

SNOW stock opened at $334.24 on Friday. The company has a market capitalization of $117.92 billion, a PE ratio of -105.11 and a beta of 1.33. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56. The firm’s 50-day moving average is $317.11 and its 200 day moving average is $236.53. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. On average, research analysts anticipate that Snowflake Inc. will post -1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SNOW shares. Robert W. Baird set a $450.00 price objective on Snowflake in a research note on Thursday, September 3rd. Barclays lifted their target price on Snowflake from $332.00 to $384.00 and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Canaccord Genuity Group upped their target price on Snowflake from $325.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research report on Thursday, September 3rd. Finally, Benchmark raised their price target on Snowflake from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Thirty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and an average price target of $414.24.

Hedge Funds Weigh In On Snowflake

Several institutional investors have recently bought and sold shares of the business. Allstate Corp grew its holdings in Snowflake by 108.1% during the fourth quarter. Allstate Corp now owns 24,497 shares of the company’s stock worth $5,374,000 after acquiring an additional 12,724 shares during the period. FNY Investment Advisers LLC acquired a new position in Snowflake in the second quarter valued at approximately $1,399,000. Janney Montgomery Scott LLC lifted its holdings in Snowflake by 105.0% in the first quarter. Janney Montgomery Scott LLC now owns 92,937 shares of the company’s stock valued at $14,017,000 after acquiring an additional 47,601 shares during the period. Temasek Holdings Private Ltd boosted its position in Snowflake by 96.6% in the 4th quarter. Temasek Holdings Private Ltd now owns 368,528 shares of the company’s stock worth $80,840,000 after purchasing an additional 181,101 shares in the last quarter. Finally, Silicon Valley Capital Partners boosted its position in Snowflake by 15.2% in the 2nd quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company’s stock worth $15,801,000 after purchasing an additional 8,208 shares in the last quarter. 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’s partnership with CrowdStrike brings the Falcon security platform to the Snowflake Marketplace. Customers can use pre-committed Snowflake capacity to purchase Falcon subscriptions, while deeper data interoperability could increase marketplace activity, platform usage, and enterprise demand. CrowdStrike and Snowflake partnership
• Positive Sentiment: Investor commentary from Tributary Capital highlighted accelerating product adoption and a strengthening profit outlook, supporting the bullish case for Snowflake’s AI-driven growth. The company’s latest reported quarter also exceeded expectations, with revenue of $1.55 billion and EPS of $0.62 versus consensus of $1.48 billion and $0.45, respectively. Snowflake profit outlook article
• Positive Sentiment: Snowflake received a Zacks upgrade to Rank #2, or “Buy,” reflecting improved expectations for earnings. Analysts remain broadly constructive, with a reported consensus price target of $414.24, although targets and ratings are not guarantees of future performance. Zacks Snowflake upgrade
• Neutral Sentiment: Liquibase Secure became available through the Snowflake Marketplace, expanding the platform’s partner ecosystem and governance capabilities. The announcement is strategically positive but did not disclose a material financial impact. Liquibase Secure on Snowflake Marketplace
• Negative Sentiment: Director Frank Slootman sold a combined 300,000 shares for roughly $100 million, reducing his direct holdings by more than 84%. The transactions were made under a pre-arranged trading plan, but their size can still fuel profit-taking concerns. Frank Slootman share sale
• Negative Sentiment: Snowflake’s high valuation and continuing negative net margin leave the stock sensitive to concerns that growth may be coming at the expense of profitability. A market-wide retreat in cloud shares, including Oracle, added further near-term pressure. Cloud stock selloff

Snowflake Company Profile

Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake’s Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake’s marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.