Snowflake (NYSE:SNOW) Director Sells $93,368,000.00 in Stock

Key Points

• Director Frank Slootman sold 400,000 Snowflake shares on May 28 for about $93.4 million, reducing his direct ownership by 91.31%. The sale was executed under a pre-arranged 10b5-1 trading plan.
• Snowflake’s stock jumped 7.0% to $255.94 amid heavy trading volume, near its 52-week high of $280.67. The move came as the company continued to trade well above its 50-day and 200-day moving averages.
• Recent earnings and analyst sentiment have been upbeat: Snowflake beat quarterly EPS and revenue estimates, and several major firms raised price targets while maintaining bullish ratings. Institutional ownership remains high, with hedge funds and other institutions owning about 65.1% of shares.

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 400,000 shares of the business's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $233.42, for a total transaction of $93,368,000.00. Following the completion of the sale, the director directly owned 38,046 shares of the company's stock, valued at approximately $8,880,697.32. This trade represents a 91.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Tuesday, May 26th, Frank Slootman sold 55,350 shares of Snowflake stock. The shares were sold at an average price of $176.52, for a total transaction of $9,770,382.00.
• On Tuesday, May 19th, Frank Slootman sold 144,650 shares of Snowflake stock. The shares were sold at an average price of $175.45, for a total transaction of $25,378,842.50.
• On Wednesday, March 18th, Frank Slootman sold 88,701 shares of Snowflake stock. The shares were sold at an average price of $175.93, for a total transaction of $15,605,166.93.
• On Thursday, March 19th, Frank Slootman sold 11,299 shares of Snowflake stock. The shares were sold at an average price of $175.25, for a total transaction of $1,980,149.75.
• On Tuesday, March 17th, Frank Slootman sold 7,874 shares of Snowflake stock. The stock was sold at an average price of $175.34, for a total transaction of $1,380,627.16.
• On Tuesday, March 10th, Frank Slootman sold 2,042 shares of Snowflake stock. The stock was sold at an average price of $182.44, for a total transaction of $372,542.48.

Snowflake Stock Up 7.0%

Shares of SNOW traded up $16.74 during mid-day trading on Friday, hitting $255.94. The company's stock had a trading volume of 19,860,842 shares, compared to its average volume of 9,459,329. The company's 50-day moving average is $156.69 and its 200-day moving average is $190.95. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $280.67. The firm has a market capitalization of $88.48 billion, a price-to-earnings ratio of -72.71 and a beta of 1.08.

Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. Snowflake's revenue for the quarter was up 33.5% compared to the same quarter last year. On average, equities research analysts forecast that Snowflake Inc. will post -2.16 EPS for the current fiscal year.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
• Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
• Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title

Analyst Ratings Changes

SNOW has been the topic of a number of research reports. Guggenheim reiterated a "neutral" rating on shares of Snowflake in a research note on Wednesday, February 18th. Zacks Research raised shares of Snowflake from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 4th. The Goldman Sachs Group lifted their target price on shares of Snowflake from $216.00 to $278.00 and gave the company a "buy" rating in a research report on Thursday. Morgan Stanley upped their price target on shares of Snowflake from $245.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Bank of America raised their price target on shares of Snowflake from $205.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $284.38.

Institutional Investors Weigh In On Snowflake

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Snowflake by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company's stock valued at $6,601,790,000 after acquiring an additional 1,448,094 shares during the period. Jennison Associates LLC grew its holdings in shares of Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company's stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares in the last quarter. Nuveen LLC grew its holdings in shares of Snowflake by 2.3% in the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company's stock valued at $1,157,749,000 after purchasing an additional 116,521 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Snowflake by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company's stock valued at $1,052,195,000 after purchasing an additional 249,668 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Snowflake in the fourth quarter valued at approximately $974,091,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.

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