Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 144,650 shares of the firm's stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $175.45, for a total value of $25,378,842.50. Following the completion of the sale, the director owned 38,046 shares in the company, valued at $6,675,170.70. The trade was a 79.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 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 stock was 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 shares were 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 shares were sold at an average price of $182.44, for a total transaction of $372,542.48.
Snowflake Stock Down 1.6%
Snowflake stock opened at $166.81 on Thursday. The stock has a market cap of $57.67 billion, a price-to-earnings ratio of -42.23 and a beta of 1.08. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The company's 50-day moving average price is $154.22 and its two-hundred day moving average price is $194.08. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $280.67.
Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly 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 50.61%. The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the previous year, the business earned $0.30 earnings per share. Snowflake's revenue for the quarter was up 30.1% compared to the same quarter last year. On average, analysts expect that Snowflake Inc. will post -2.16 EPS for the current fiscal year.
Key Stories Impacting Snowflake
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Bank of America raised its price target on Snowflake to $205 from $195 and reiterated a Buy rating, citing sustained enterprise demand, early traction in AI-driven workflow tools, and improved execution confidence. Snowflake seen delivering strong quarter as Bank of America lifts price target
- Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating and set a much higher $325 price target, signaling confidence that Snowflake’s AI platform growth can continue to accelerate. Benzinga report on Citizens JMP rating
- Positive Sentiment: Snowflake was included in bullish coverage around its upcoming earnings date, with investors focused on May 27 as a potential catalyst if results or guidance beat expectations. Dear Snowflake stock fans, mark your calendars for May 27
- Neutral Sentiment: Snowflake also got favorable attention from a collaboration announcement with AVEVA aimed at accelerating industrial AI and unifying IT/OT data ecosystems, which supports its longer-term platform narrative. AVEVA Announces Collaboration with Snowflake to Accelerate Industrial AI and Unify IT/OT Data Ecosystems
- Neutral Sentiment: Analysts and media noted Snowflake’s strong recent momentum, but some of the day’s move looked like a normal cooling-off period after a sharp rally rather than a company-specific setback. Why Snowflake Stock Is Falling On Wednesday?
- Negative Sentiment: Director Frank Slootman disclosed a sale of 144,650 shares, a large transaction that may raise some investor concerns even though it was made under a pre-arranged trading plan. SEC Form 4 filing
Hedge Funds Weigh In On Snowflake
Several institutional investors and hedge funds have recently bought and sold shares of SNOW. Norges Bank purchased a new position in Snowflake during the 4th quarter valued at about $974,091,000. Jennison Associates LLC grew its stake in Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company's stock valued at $2,545,300,000 after acquiring an additional 2,519,413 shares in the last quarter. Coatue Management LLC purchased a new position in Snowflake during the 3rd quarter valued at about $441,277,000. Jericho Capital Asset Management L.P. purchased a new position in Snowflake during the 4th quarter valued at about $345,619,000. Finally, American Century Companies Inc. grew its stake in Snowflake by 233.3% during the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company's stock valued at $474,766,000 after acquiring an additional 1,473,354 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Mizuho dropped their price target on shares of Snowflake from $285.00 to $220.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 17th. Piper Sandler dropped their price target on shares of Snowflake from $285.00 to $230.00 and set an "overweight" rating on the stock in a research report on Thursday, February 26th. Truist Financial set a $125.00 price target on shares of Snowflake in a research report on Wednesday, April 15th. Wells Fargo & Company dropped their price target on shares of Snowflake from $290.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, February 26th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $275.00 price target on shares of Snowflake in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Snowflake currently has an average rating of "Moderate Buy" and an average price target of $242.19.
Check Out Our Latest Report on Snowflake
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.
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