Key Points
- Director Frank Slootman sold 55,350 Snowflake shares on May 26 at an average price of $176.52, totaling about $9.77 million. The sale reduced his direct stake by 59.26% and was made under a pre-arranged Rule 10b5-1 plan.
- Snowflake reported strong quarterly results, with EPS of $0.39 versus $0.32 expected and revenue of $1.39 billion versus $1.32 billion expected. Revenue rose 33.5% year over year, showing continued growth momentum.
- The company also raised full-year product revenue guidance and announced a $6 billion, five-year strategic collaboration with AWS, which analysts view as a major boost to its AI and cloud growth outlook.
Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 55,350 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $176.52, for a total transaction of $9,770,382.00. Following the sale, the director directly owned 38,046 shares of the company's stock, valued at approximately $6,715,879.92. This trade represents a 59.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Frank Slootman also recently made the following trade(s):
- On Tuesday, May 19th, Frank Slootman sold 144,650 shares of Snowflake stock. The stock was sold at an average price of $175.45, for a total transaction of $25,378,842.50.
- 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 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 stock was 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 Up 36.5%
Shares of NYSE:SNOW opened at $239.22 on Friday. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $280.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $82.70 billion, a PE ratio of -67.96 and a beta of 1.08. The company has a 50 day moving average price of $155.03 and a two-hundred day moving average price of $190.49.
Snowflake (NYSE:SNOW - Get Free Report) last issued its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business's quarterly revenue was up 33.5% on a year-over-year basis. Analysts forecast that Snowflake Inc. will post -2.16 earnings per share for the current year.
Key Snowflake News
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Snowflake beat expectations, reporting EPS of $0.39 versus $0.32 expected and revenue of $1.39 billion versus $1.32 billion expected, with sales up 33.5% year over year. Article Title
- Positive Sentiment: The company raised full-year product revenue guidance, signaling management sees continued demand for its cloud data and AI offerings. Article Title
- Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with AWS, tied to Graviton processors and AI infrastructure, which investors view as a major growth catalyst for enterprise agentic AI adoption. Article Title
- Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets, reflecting confidence that AI demand and the AWS deal could support further upside. Article Title
- Positive Sentiment: Snowflake also said it will acquire Natoma, adding governance and identity tools for AI agents, another sign it is building out its AI platform. Article Title
- Neutral Sentiment: Director Frank Slootman disclosed a pre-planned sale of shares under a 10b5-1 trading plan; while noteworthy, it does not appear tied to the operating outlook. Article Title
Institutional Trading of Snowflake
A number of institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. grew its stake in shares of Snowflake by 13.5% in the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company's stock valued at $92,047,000 after buying an additional 48,411 shares during the period. Assetmark Inc. raised its stake in Snowflake by 99.1% during the 4th quarter. Assetmark Inc. now owns 198,655 shares of the company's stock worth $43,577,000 after buying an additional 98,870 shares during the period. Jennison Associates LLC raised 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 worth $2,545,300,000 after buying an additional 2,519,413 shares during the period. William Blair Investment Management LLC bought a new position in Snowflake in the third quarter worth approximately $116,882,000. Finally, Penserra Capital Management LLC boosted its holdings in Snowflake by 32.8% in the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company's stock worth $34,586,000 after acquiring an additional 37,911 shares in the last quarter. Institutional investors own 65.10% of the company's stock.
Wall Street Analyst Weigh In
SNOW has been the subject of several recent analyst reports. Benchmark increased their price target on Snowflake from $200.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday. Evercore set a $200.00 price objective on shares of Snowflake in a report on Tuesday, April 14th. KeyCorp set a $295.00 price target on Snowflake in a research report on Thursday. Royal Bank Of Canada lifted their price objective on shares of Snowflake from $220.00 to $284.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Zacks Research raised shares of Snowflake from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Snowflake currently has an average rating of "Moderate Buy" and an average target price of $283.74.
Read Our Latest Stock 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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