Frank Slootman Sells 88,701 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 88,701 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $175.93, for a total value of $15,605,166.93. Following the transaction, the director directly owned 38,046 shares of the company’s stock, valued at $6,693,432.78. The trade was a 69.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, March 19th, Frank Slootman sold 11,299 shares of Snowflake stock. The stock was sold at an average price of $175.25, for a total value of $1,980,149.75.
• On Tuesday, March 17th, Frank Slootman sold 7,874 shares of Snowflake stock. The shares were sold at an average price of $175.34, for a total value of $1,380,627.16.
• On Tuesday, March 10th, Frank Slootman sold 2,042 shares of Snowflake stock. The shares were sold at an average price of $182.44, for a total value of $372,542.48.
• On Wednesday, February 18th, Frank Slootman sold 100,000 shares of Snowflake stock. The shares were sold at an average price of $176.91, for a total transaction of $17,691,000.00.
• On Tuesday, January 20th, Frank Slootman sold 200,000 shares of Snowflake stock. The shares were sold at an average price of $206.77, for a total transaction of $41,354,000.00.

Snowflake Stock Down 4.2%

Shares of Snowflake stock opened at $168.07 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67. The company has a market cap of $57.51 billion, a P/E ratio of -42.55 and a beta of 1.16. The company’s fifty day simple moving average is $184.29 and its two-hundred day simple moving average is $219.37.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the company posted $0.30 EPS. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. Research analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Canaccord Genuity Group decreased their target price on Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Royal Bank Of Canada set a $245.00 price target on Snowflake in a research report on Wednesday, February 11th. Truist Financial reduced their price target on Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Needham & Company LLC lowered their price objective on Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, Rosenblatt Securities restated a “buy” rating and set a $275.00 target price on shares of Snowflake in a report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Hedge Funds Weigh In On Snowflake

Several institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in Snowflake by 90.0% in the 4th 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 increased its stake in Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after purchasing an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Snowflake by 29.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in Snowflake by 6.2% in the second quarter. Avantax Advisory Services Inc. now owns 9,351 shares of the company’s stock worth $2,092,000 after buying an additional 544 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in Snowflake by 56.0% in the second quarter. Kingsview Wealth Management LLC now owns 4,316 shares of the company’s stock worth $966,000 after buying an additional 1,549 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake previewed Project SnowWork, an autonomous AI platform (research preview) designed to move customers from insights to automated workflows — a product expansion that could drive higher usage and upsell opportunities if adoption follows. Read article Snowflake Launches Project SnowWork
• Positive Sentiment: Snowflake Ventures made a strategic investment in Bedrock Data to strengthen AI data governance and integrate its capabilities into Snowflake Horizon — this supports enterprise AI credibility and could reduce friction for customers adopting Snowflake’s AI offerings. Read article Bedrock Data Secures Strategic Investment
• Neutral Sentiment: Analyst/features pieces continue to compare Snowflake favorably vs. peers (Alphabet) on AI adoption and customer growth — helpful for narrative and positioning, but not an immediate revenue guarantee. Read article Snowflake vs Alphabet: Which Cloud Analytics Stock Has an Edge Now?
• Negative Sentiment: Snowflake announced targeted job cuts (including technical-writing roles) even after its ~$200M OpenAI partnership — the layoffs raise near-term execution and morale concerns and highlight cost tradeoffs while ramping AI investments. Read article Snowflake Cuts Jobs After $200M OpenAI Partnership
• Negative Sentiment: Oppenheimer flagged that contribution margins from Cortex Code and AI workloads are lower than Snowflake’s core analytics workloads — implying AI revenue may be less profitable and could pressure overall margin expansion expectations. Read article Cortex Code and AI Workloads Contribution Margins
• Negative Sentiment: Multiple law firms are circulating class-action notices and soliciting lead plaintiffs in a securities suit (April 27 deadline), creating a legal overhang that can weigh on sentiment and increase potential litigation costs. Read article Rosen Law Firm Investor Notice
• Negative Sentiment: Recent insider sales (EVP Christian Kleinerman and Director Frank Slootman) were disclosed — large but not unusual — however such sales can add short-term selling pressure and feed negative sentiment. Read article Insider Sales Disclosure

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.