Snowflake (NYSE:SNOW) Director Frank Slootman Sells 102,791 Shares

Key Points

• Snowflake director Frank Slootman sold 102,791 shares at an average price of $335.22, generating approximately $34.5 million. The Rule 10b5-1 transaction reduced his direct ownership by 84.38% to 19,024 shares.
• Snowflake shares fell 1% to $336.14, despite the company beating quarterly earnings and revenue estimates, with revenue rising 35.1% year over year to $1.55 billion.
• Analysts remain broadly bullish, with 34 Buy ratings, a “Moderate Buy” consensus, and an average price target of $414.24; institutional investors and hedge funds own 65.1% of the stock.

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 102,791 shares of the stock in a transaction 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 completion of the transaction, the director owned 19,024 shares of the company's stock, valued at $6,377,225.28. This trade represents a 84.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Friday, September 18th, Frank Slootman sold 197,209 shares of Snowflake stock. The shares were sold at an average price of $334.10, for a total transaction 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 transaction of $2,608,915.41.
• On Wednesday, August 19th, Frank Slootman sold 48,990 shares of Snowflake stock. The stock was sold at an average price of $320.78, for a total transaction 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 transaction 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 transaction 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 transaction 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.

Snowflake Stock Down 1.0%

Shares of SNOW traded down $3.25 during mid-day trading on Tuesday, reaching $336.14. The company's stock had a trading volume of 4,958,236 shares, compared to its average volume of 5,370,478. The company has a market cap of $118.59 billion, a price-to-earnings ratio of -105.70 and a beta of 1.33. The business has a fifty day moving average of $313.36 and a 200 day moving average of $233.15. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $384.56.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.Snowflake's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. As a group, analysts forecast that Snowflake Inc. will post -1.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Snowflake

Institutional investors have recently made changes to their positions in the company. Allstate Corp lifted its holdings in shares of Snowflake by 108.1% during the fourth quarter. Allstate Corp now owns 24,497 shares of the company's stock valued at $5,374,000 after acquiring an additional 12,724 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Snowflake in the 2nd quarter worth about $1,399,000. Janney Montgomery Scott LLC grew its holdings in shares of Snowflake by 105.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 92,937 shares of the company's stock worth $14,017,000 after purchasing an additional 47,601 shares during the last quarter. Temasek Holdings Private Ltd increased its position in shares of Snowflake by 96.6% during 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, Diversify Wealth Management LLC increased its position in shares of Snowflake by 395.3% during the 1st quarter. Diversify Wealth Management LLC now owns 123,007 shares of the company's stock worth $17,371,000 after purchasing an additional 98,172 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. DA Davidson upped their target price on Snowflake from $300.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. Bank of America raised their price target on shares of Snowflake from $330.00 to $395.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. Canaccord Genuity Group boosted their price objective 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. Mizuho set a $425.00 price objective on shares of Snowflake in a research note on Thursday, September 3rd. Finally, UBS Group increased their target price on shares of Snowflake from $425.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Thirty-four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $414.24.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Jim Cramer said Snowflake has “caught fire in recent months” after meeting with the company, reinforcing the bullish view that its data platform is benefiting from increased enterprise software and AI demand. Jim Cramer Notes Snowflake
• Positive Sentiment: A recent investment analysis argued that Snowflake’s recovery and long-term growth potential may still justify further upside, citing a roughly $425 Street target compared with a current price near $332. This is an analyst-style opinion rather than new company guidance. Snowflake Stock Is Up 45 Percent in a Year
• Neutral Sentiment: Former Snowflake CFO Mike Scarpelli joined ClickHouse’s board as that company’s run-rate revenue surpassed $350 million. The appointment highlights competition in the data-platform market but does not directly change Snowflake’s fundamentals. ClickHouse Appoints Mike Scarpelli
• Negative Sentiment: Director Frank Slootman sold a combined 300,000 shares for approximately $100.3 million across September 18 and 21, reducing his direct ownership by more than 84% to 19,024 shares. Although the sales were made under a pre-arranged trading plan, their size may encourage profit-taking concerns. SEC insider transaction filing
• Negative Sentiment: Executive Vice President Christian Kleinerman sold 2,622 shares worth about $903,000 to cover tax withholding tied to vested equity awards. Because the transaction was tax-related and represented only a 0.79% reduction in his holdings, it is a relatively weak bearish signal. SEC insider transaction filing
• Negative Sentiment: A report describes an autonomous AI security agent identifying and exploiting a vulnerability in Snowflake’s GitHub repository. The potential security and reputational implications may concern investors, though the report does not indicate a customer-data breach or operational disruption. Snowflake GitHub vulnerability report

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.

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