Frank Slootman Sells 8,191 Shares of Snowflake (NYSE:SNOW) Stock

Key Points

• Snowflake director Frank Slootman sold 8,191 shares at an average price of $318.51, generating approximately $2.61 million. The Rule 10b5-1 sale was intended to cover tax-withholding obligations, reducing his position by 30.1% to 19,024 shares.
• The transaction follows several earlier large sales by Slootman, including more than 300,000 shares sold in August and nearly 500,000 shares sold in June and July.
• Snowflake recently reported revenue of $1.55 billion, up 35.1% year over year, and exceeded earnings expectations. Analysts maintain a broadly positive view, with 34 Buy ratings and a consensus price target of $414.24, though the company remains unprofitable and carries valuation risk.

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 8,191 shares of the company's stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $318.51, for a total transaction of $2,608,915.41. Following the completion of the transaction, the director owned 19,024 shares of the company's stock, valued at approximately $6,059,334.24. This trade represents a 30.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 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 shares were 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 value 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 stock was sold at an average price of $224.27, for a total transaction of $44,854,000.00.

Snowflake Price Performance

NYSE:SNOW traded up $7.28 during trading hours on Wednesday, reaching $330.26. 3,757,358 shares of the company were exchanged, compared to its average volume of 5,277,960. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The firm has a market cap of $116.52 billion, a PE ratio of -103.85 and a beta of 1.33. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $384.56. The stock's 50-day moving average is $307.79 and its 200-day moving average is $228.50.

Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results 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. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business earned $0.35 earnings per share. The company's revenue for the quarter was up 35.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Snowflake Inc. will post -1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several research reports. Barclays boosted their price target on Snowflake from $332.00 to $384.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 3rd. Canaccord Genuity Group increased their target price on shares of Snowflake from $325.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, September 3rd. Scotiabank restated a "sector outperform" rating and set a $440.00 price target (up from $320.00) on shares of Snowflake in a research report on Thursday, September 3rd. Mizuho set a $425.00 price objective on shares of Snowflake in a research note on Thursday, September 3rd. Finally, Argus boosted their target price on Snowflake from $300.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, September 4th. Thirty-four research 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $414.24.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s second-quarter fiscal 2027 performance reportedly included approximately $1.55 billion in revenue, a reduced net loss, higher full-year product-revenue and operating-margin guidance, and a completed $3.7 billion share-repurchase program that retired about 25.4 million shares. The combination of stronger AI adoption, improved profitability expectations, and a smaller share count is supportive for the stock. How Investors May Respond To Snowflake AI-fueled Guidance Hike and $3.7 Billion Buyback
• Positive Sentiment: Snowflake introduced dynamic model routing designed to direct workloads to the most cost-effective AI models. Lowering enterprise AI spending could improve customer adoption and increase usage of Snowflake’s platform. Snowflake’s dynamic model routing aims to make enterprise AI more cost-efficient
• Positive Sentiment: QAD | Redzone’s ChampionAI, powered by Snowflake Cortex AI, is targeting manufacturing productivity, labor, and operational-pace challenges. The deployment provides another example of Snowflake’s AI technology being used in commercial applications. QAD | Redzone’s ChampionAI, Powered by Snowflake Cortex AI
• Positive Sentiment: Scotiabank raised its fiscal 2027 EPS estimate for Snowflake to a loss of $1.32 per share from a projected loss of $1.81 and maintained a “Sector Outperform” rating with a $440 price target. Scotiabank estimate update
• Positive Sentiment: Analyst commentary continues to highlight Snowflake’s faster growth, expanding customer base, and increasing AI adoption relative to Adobe, while momentum-focused coverage may attract additional investor interest. Snowflake vs. Adobe: Which Enterprise AI Stock Is a Better Buy?
• Neutral Sentiment: Snowflake’s support for UAE entrepreneurs building AI startups expands its ecosystem and international visibility, although the near-term financial impact is unclear. Snowflake backs UAE entrepreneurs building AI startups
• Negative Sentiment: The bullish growth case comes with valuation risk: Snowflake trades at a substantially richer valuation than Adobe despite continuing to report losses, leaving the stock vulnerable if AI growth or profitability disappoints. Snowflake versus Adobe valuation comparison

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Nuveen LLC raised its stake in shares of Snowflake by 2.3% in the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company's stock valued at $1,157,749,000 after acquiring an additional 116,521 shares during the period. Geode Capital Management LLC boosted its position in shares of Snowflake by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company's stock worth $1,052,195,000 after purchasing an additional 249,668 shares during the period. Norges Bank purchased a new position in shares of Snowflake during the 4th quarter worth approximately $974,091,000. Janus Henderson Group PLC increased its holdings in Snowflake by 20.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,452,425 shares of the company's stock valued at $537,907,000 after purchasing an additional 415,951 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Snowflake by 5.2% in the 4th quarter. Legal & General Group Plc now owns 1,949,962 shares of the company's stock valued at $427,744,000 after purchasing an additional 96,373 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

About Snowflake

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.

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