Snowflake (NYSE:SNOW) Director Sells $1,980,149.75 in Stock

March 21, 2026 by InsiderTrades.com

Key Points

Frank Slootman sold 11,299 Snowflake shares on March 19 for $1.98M (average $175.25), reducing his direct stake to 38,046 shares (a 22.9% drop); he also executed several other large insider sales in January–March that totalled tens of millions.
Snowflake beat the most recent quarter's EPS and revenue (EPS $0.32 vs $0.27 est.; revenue $1.28B, +30.1% YoY) but remains unprofitable (negative ROE and net margin), and the stock is trading lower (around $168, -4.2%) with a $57.5B market cap.
Strategic AI initiatives—like the preview of Project SnowWork and an investment in Bedrock Data—could boost product adoption, yet layoffs, lower AI workload margins and circulating securities class‑action notices pose near‑term execution, margin and legal risks.

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 11,299 shares of Snowflake stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $175.25, for a total transaction of $1,980,149.75. Following the completion of the transaction, the director directly owned 38,046 shares in the company, valued at approximately $6,667,561.50. This represents a 22.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Is Snowflake’s Stock Meltdown Over? Signs Point to a Bottom

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

On Wednesday, March 18th, Frank Slootman sold 88,701 shares of Snowflake stock. The stock was sold at an average price of $175.93, for a total transaction of $15,605,166.93.
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 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 value of $41,354,000.00.

Snowflake Stock Down 4.2%

Shares of SNOW opened at $168.07 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 stock has a market cap of $57.51 billion, a price-to-earnings ratio of -42.55 and a beta of 1.16. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67. The company has a 50-day moving average price of $184.29 and a two-hundred day moving average price of $219.47.

Snowflake’s $200M Bet: Can The OpenAI Deal Fix the Slump?

Snowflake (NYSE:SNOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The business's revenue was up 30.1% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. Equities analysts predict that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Key Stories Impacting Snowflake

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

Hedge Funds Weigh In On Snowflake

The Cloud Computing ETF Every Growth Investor Should Consider

Several hedge funds and other institutional investors have recently bought and sold shares of SNOW. Sumitomo Mitsui Trust Group Inc. grew its stake in Snowflake by 1.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company's stock worth $165,123,000 after purchasing an additional 8,002 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Snowflake by 13.5% during the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company's stock worth $92,047,000 after buying an additional 48,411 shares in the last quarter. Penserra Capital Management LLC grew its position in shares of Snowflake by 32.8% during the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company's stock worth $34,586,000 after buying an additional 37,911 shares during the period. Vanguard Group Inc. grew its position in shares of Snowflake by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company's stock worth $6,461,465,000 after buying an additional 857,832 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in shares of Snowflake in the 3rd quarter valued at $116,882,000. Institutional investors and hedge funds own 65.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SNOW. Argus upgraded shares of Snowflake from a "hold" rating to a "buy" rating and set a $300.00 price objective on the stock in a research note on Thursday, January 8th. Stifel Nicolaus set a $205.00 target price on shares of Snowflake in a research report on Thursday, February 26th. Raymond James Financial restated an "outperform" rating on shares of Snowflake in a research report on Monday, February 2nd. Jefferies Financial Group set a $300.00 target price on Snowflake in a research note on Monday, November 24th. Finally, The Goldman Sachs Group reduced their price target on shares of 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 given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $248.58.

Check Out Our Latest Stock Analysis on SNOW

Snowflake Company Profile

(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.