Snowflake (NYSE:SNOW) Director Frank Slootman Sells 300,000 Shares of Company Stock

Key Points

• Director Frank Slootman sold 300,000 Snowflake shares for approximately $94.9 million at an average price of $316.43, reducing his direct holdings by 94.04% to 19,024 shares. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
• Snowflake reported quarterly revenue of $1.55 billion, up 35.1% year over year, and earnings of $0.62 per share, above analysts’ $0.45 estimate. However, the company remains unprofitable, with a negative net margin of 20.07%.
• Analysts remain broadly bullish, with a consensus rating of “Moderate Buy” and an average price target of $413.87, compared with the stock’s reported trading price of $323.03.

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 300,000 shares of the stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $316.43, for a total value of $94,929,000.00. Following the transaction, the director directly owned 19,024 shares in the company, valued at approximately $6,019,764.32. This represents a 94.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Monday, September 21st, Frank Slootman sold 102,791 shares of Snowflake stock. The stock was sold at an average price of $335.22, for a total transaction of $34,457,599.02.
• 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 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 shares were 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.

Snowflake Stock Performance

Shares of NYSE:SNOW traded up $3.42 during trading on Wednesday, reaching $323.03. 2,594,846 shares of the company's stock traded hands, compared to its average volume of 6,466,890. The stock has a market capitalization of $113.96 billion, a P/E ratio of -101.58 and a beta of 1.35. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56. The company has a 50 day moving average of $332.54 and a 200-day moving average of $257.95. 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 - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter last year, the company posted $0.35 earnings per share. Snowflake's revenue was up 35.1% on a year-over-year basis. On average, equities analysts expect that Snowflake Inc. will post -1.44 EPS for the current year.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of recent research reports. Phillip Securities downgraded Snowflake from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, October 12th. DA Davidson increased their target price on Snowflake from $300.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Piper Sandler reiterated an "overweight" rating and issued a $450.00 target price (up from $320.00) on shares of Snowflake in a research note on Thursday, September 3rd. Scotiabank reissued a "sector outperform" rating and set a $440.00 price target (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. Finally, Stifel Nicolaus upped their price target on shares of Snowflake from $350.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Thirty-six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $413.87.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst Dan Ives argues that the artificial-intelligence spending cycle is still in its early stages, with less than 15% of potential investment completed. Snowflake is identified as a key data and cloud infrastructure beneficiary if enterprise AI adoption continues for several years. The AI Buildout Is Only 15% Complete
• Positive Sentiment: BNP says Snowflake’s AI monetization efforts are advancing, providing a potentially important growth catalyst as customers increasingly use the platform for AI workloads. The opportunity is tempered by Salesforce’s view that adoption remains at an early stage. Snowflake AI Monetization Efforts
• Positive Sentiment: Wall Street brokerages continue to rate Snowflake a “Moderate Buy,” indicating that analysts broadly see upside despite valuation and profitability risks. Snowflake Rated Moderate Buy
• Positive Sentiment: Snowflake’s collaboration with Lumen Technologies on secure data movement, AI workloads and sovereign AI infrastructure could expand its exposure to government and enterprise AI use cases. AI Data Partnerships
• Neutral Sentiment: Snowflake is promoting its 2026 Global Startup Challenge, an initiative intended to encourage startups to build on its platform. It supports ecosystem development but does not immediately change financial forecasts. Global Startup Challenge 2026
• Negative Sentiment: Director Frank Slootman sold 300,000 shares worth approximately $94.9 million, reducing his ownership by 94%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which reduces its informational value, but the size of the transaction may still pressure sentiment. SEC Insider Sale Filing
• Negative Sentiment: Snowflake continues to grow rapidly but remains unprofitable. Recent coverage highlighted approximately 35% revenue growth alongside losses, reinforcing concerns about valuation, margins and the company’s path to sustainable earnings. Snowflake Revenue Growth and Losses

Hedge Funds Weigh In On Snowflake

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings in shares of Snowflake by 22.2% during the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company's stock valued at $452,014,000 after purchasing an additional 544,960 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Snowflake by 44.7% in the first quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company's stock worth $392,259,000 after purchasing an additional 803,110 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Snowflake by 134.5% in the third quarter. Assenagon Asset Management S.A. now owns 790,291 shares of the company's stock worth $268,351,000 after purchasing an additional 453,342 shares during the period. Swedbank AB lifted its holdings in Snowflake by 24.0% in the first quarter. Swedbank AB now owns 1,649,771 shares of the company's stock worth $248,818,000 after purchasing an additional 319,356 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in Snowflake by 76.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,171,833 shares of the company's stock valued at $176,736,000 after buying an additional 509,230 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

About Snowflake

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.

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