Snowflake (NYSE:SNOW) Director Sells $65,887,526.90 in Stock

Key Points

• Director Frank Slootman sold 197,209 Snowflake shares for approximately $65.9 million under a pre-arranged Rule 10b5-1 plan, reducing his direct ownership by 91.2% to 19,024 shares.
• Snowflake shares fell 1.0% to $336.14, while the company reported quarterly revenue of $1.55 billion, up 35.1% year over year, and adjusted earnings of $0.62 per share, exceeding expectations.
• Analysts remain broadly bullish, with 34 Buy ratings and a consensus price target of $414.24; institutional investors own approximately 65.1% of the company.

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 197,209 shares of the business's stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $334.10, for a total transaction of $65,887,526.90. Following the sale, the director directly owned 19,024 shares in the company, valued at approximately $6,355,918.40. This represents a 91.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 Monday, September 21st, Frank Slootman sold 102,791 shares of Snowflake stock. The shares were sold at an average price of $335.22, for a total value of $34,457,599.02.
• 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 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 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 value of $25,000.00.

Snowflake Stock Down 1.0%

Snowflake stock traded down $3.25 during midday trading on Tuesday, hitting $336.14. 4,958,236 shares of the company were exchanged, compared to its average volume of 5,370,478. The company has a market cap of $118.59 billion, a PE ratio of -105.70 and a beta of 1.33. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56. The company's fifty day moving average price is $313.36 and its 200-day moving average price is $233.15. 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 announced its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm earned $0.35 earnings per share. The company's revenue was up 35.1% on a year-over-year basis. On average, research analysts predict that Snowflake Inc. will post -1.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Snowflake

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nuveen LLC raised its position in 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Snowflake by 5.5% in 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 last quarter. Norges Bank acquired a new position in shares of Snowflake in the 4th quarter worth approximately $974,091,000. Janus Henderson Group PLC raised its holdings in shares of Snowflake by 20.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,452,425 shares of the company's stock worth $537,907,000 after purchasing an additional 415,951 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Snowflake by 5.2% in the 4th quarter. Legal & General Group Plc now owns 1,949,962 shares of the company's stock worth $427,744,000 after purchasing an additional 96,373 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Analyst Upgrades and Downgrades

SNOW has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on Snowflake from $500.00 to $525.00 and gave the company an "overweight" rating in a report on Thursday, September 3rd. JPMorgan Chase & Co. lifted their target price on Snowflake from $285.00 to $426.00 and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. Sanford C. Bernstein boosted their price target on Snowflake from $195.00 to $250.00 and gave the company a "market perform" rating in a report on Thursday, May 28th. UBS Group upped their price target on Snowflake from $425.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, September 3rd. Finally, The Goldman Sachs Group raised their price objective on Snowflake from $300.00 to $436.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Thirty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Snowflake has an average rating of "Moderate Buy" and a consensus price target of $414.24.

Key Headlines Impacting Snowflake

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

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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