Frank Slootman Sells 100,000 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $176.91, for a total value of $17,691,000.00. Following the transaction, the director directly owned 50,329 shares in the company, valued at approximately $8,903,703.39. The trade was a 66.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, January 20th, Frank Slootman sold 200,000 shares of Snowflake stock. The stock was sold at an average price of $206.77, for a total value of $41,354,000.00.
• On Thursday, December 18th, Frank Slootman sold 200,000 shares of Snowflake stock. The stock was sold at an average price of $221.83, for a total value of $44,366,000.00.
• On Tuesday, December 16th, Frank Slootman sold 7,728 shares of Snowflake stock. The shares were sold at an average price of $212.45, for a total transaction of $1,641,813.60.
• On Tuesday, December 9th, Frank Slootman sold 1,993 shares of Snowflake stock. The stock was sold at an average price of $223.31, for a total transaction of $445,056.83.

Snowflake Stock Down 3.7%

SNOW opened at $172.49 on Friday. The stock has a market capitalization of $59.03 billion, a price-to-earnings ratio of -42.70 and a beta of 1.14. The firm has a 50 day moving average price of $204.30 and a 200-day moving average price of $223.81. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The firm’s revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. Equities research analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current year.

Institutional Trading of Snowflake

Hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after purchasing an additional 29,320 shares in the last quarter. Intech Investment Management LLC boosted its stake in Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares during the period. Geneos Wealth Management Inc. boosted its stake in Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Snowflake during the 2nd quarter valued at approximately $271,000. Finally, Mutual Advisors LLC bought a new stake in shares of Snowflake during the second quarter valued at approximately $282,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI monetization and partnerships: reports say Snowflake has hit an early ~$100M AI run rate and its AI product stack (Cortex, Document AI) plus large partnerships are driving enterprise adoption and new revenue streams. Snowflake Rides on Enterprise AI Adoption
• Positive Sentiment: Analyst/preview optimism and consumption trends: Oppenheimer and other previews expect a “solid” Q4 as consumption trends run above plan; Wells Fargo survey coverage also highlights upticks in consumption that could support near‑term demand. Snowflake Seen Delivering ‘Solid’ Q4
• Positive Sentiment: Partner and product integrations strengthen go‑to‑market: elevated partner tiers and product integrations (KPI Partners, Liquibase support) help enterprise adoption and channel reach. KPI Partners Elevates Partnership Tier
• Neutral Sentiment: Mixed analyst signals: some firms (Citigroup) warn downside and have trimmed expectations even as others (many buy ratings remain) keep constructive views — this creates conflicted near‑term guidance for traders. Citigroup Has Lowered Expectations for Snowflake
• Negative Sentiment: Insider selling: Director Frank Slootman sold 100,000 shares (~$17.7M at the sale price) in a disclosed trade, and recent repeated insider sales can spook investors and reduce perceived insider conviction. Frank Slootman Insider Sale Filing
• Negative Sentiment: Shareholder investigations and legal overhang: law firms (Pomerantz, Johnson Fistel) announced probes into investor losses, raising litigation risk and adding regulatory uncertainty that can pressure the stock. Pomerantz Investigation Notice
• Negative Sentiment: Analyst downgrades / price‑target cuts: several shops have trimmed targets (Mizuho, Goldman among others) or issued cautious notes, which reduces near‑term upside expectations and can amplify selling. Mizuho Lowers Snowflake Price Target

Analyst Ratings Changes

A number of equities research analysts have issued reports on SNOW shares. Guggenheim restated a “neutral” rating on shares of Snowflake in a research note on Wednesday. Rosenblatt Securities raised their price objective on shares of Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Royal Bank Of Canada set a $245.00 target price on shares of Snowflake in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Finally, BTIG Research reiterated a “buy” rating and set a $312.00 price target on shares of Snowflake in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $269.84.

About Snowflake

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.