Key Points
- Director Frank Slootman sold 100,000 shares on Feb. 18 at an average price of $176.91 for ~$17.7M, leaving him with 50,329 shares and marking a 66.5% reduction in his ownership after multiple large sales this winter.
- Snowflake beat Q4 estimates (EPS $0.35 vs. $0.31; revenue $1.21B) and is seeing AI momentum—reports of a ~$100M AI run rate and a ~$200M OpenAI partnership—but the stock is trading below its 50‑day ($205.20) and 200‑day ($224.06) moving averages.
- Investor sentiment is mixed: analyst ratings range from sell to buy (consensus "Moderate Buy", avg. PT ~$269.84), while continued insider selling, price‑target cuts and shareholder probes create legal and downside overhang.
Snowflake Inc. (NYSE:SNOW - Get Free Report) 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 completion of the transaction, the director owned 50,329 shares of the company's stock, valued at $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 SEC, which is available through this hyperlink.
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 transaction of $41,354,000.00.
- On Thursday, December 18th, Frank Slootman sold 200,000 shares of Snowflake stock. The shares were sold at an average price of $221.83, for a total transaction 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 Up 0.9%
Shares of SNOW opened at $177.71 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The company has a 50-day moving average price of $205.20 and a two-hundred day moving average price of $224.06. The stock has a market cap of $60.81 billion, a price-to-earnings ratio of -44.12 and a beta of 1.14. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67.
Snowflake (NYSE:SNOW - Get Free Report) last issued its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (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 analysts' expectations of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.Snowflake's quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. Equities analysts predict that Snowflake Inc. will post -2.36 EPS for the current fiscal year.
More Snowflake News
Here are the key news stories impacting Snowflake this week:
Analysts Set New Price Targets
SNOW has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Snowflake in a research report on Wednesday, January 21st. Raymond James Financial reiterated an "outperform" rating on shares of Snowflake in a research note on Monday, February 2nd. Guggenheim restated a "neutral" rating on shares of Snowflake in a research report on Wednesday. Monness Crespi & Hardt raised their price target on Snowflake from $260.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, December 4th. Finally, The Goldman Sachs Group reduced their price objective on Snowflake from $286.00 to $246.00 and set a "buy" rating on the stock in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $269.84.
Get Our Latest Stock Analysis on Snowflake
Institutional Investors Weigh In On Snowflake
Hedge funds and other institutional investors have recently made changes to their positions in the company. Avion Wealth boosted its holdings in Snowflake by 76.6% in the second quarter. Avion Wealth now owns 113 shares of the company's stock valued at $25,000 after acquiring an additional 49 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in Snowflake during the 3rd quarter valued at about $25,000. Tripletail Wealth Management LLC bought a new position in shares of Snowflake in the 3rd quarter valued at about $28,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Snowflake during the 4th quarter worth approximately $28,000. Finally, Rossby Financial LCC raised its stake in shares of Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company's stock worth $29,000 after buying an additional 127 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.
About Snowflake
(
Get Free Report)
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.
Further Reading
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