Key Points
- Director Frank Slootman sold 400,000 Snowflake shares on May 28 at an average price of $233.42, totaling about $93.4 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The transaction reduced Slootman’s ownership by 91.31%, leaving him with 38,046 shares valued at about $8.9 million. The article also notes several earlier stock sales by him in March and May.
- Snowflake recently reported better-than-expected quarterly results, with EPS of $0.39 versus $0.32 expected and revenue of $1.39 billion, up 33.5% year over year. Analysts have responded by raising price targets, and the stock has attracted bullish commentary tied to AI and cloud infrastructure demand.
Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 400,000 shares of the firm's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $233.42, for a total value of $93,368,000.00. Following the transaction, the director owned 38,046 shares of the company's stock, valued at $8,880,697.32. This trade represents a 91.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 26th, Frank Slootman sold 55,350 shares of Snowflake stock. The stock was sold at an average price of $176.52, for a total value of $9,770,382.00.
- 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 value 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 value 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 value 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 value of $1,380,627.16.
- On Tuesday, March 10th, Frank Slootman sold 2,042 shares of Snowflake stock. The stock was sold at an average price of $182.44, for a total value of $372,542.48.
Snowflake Price Performance
Shares of SNOW opened at $255.94 on Friday. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $280.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $88.48 billion, a price-to-earnings ratio of -72.71 and a beta of 1.08. The business has a 50-day moving average of $156.69 and a 200-day moving average of $190.95.
Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company earned $0.24 earnings per share. The firm's revenue was up 33.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Snowflake Inc. will post -2.16 earnings per share for the current year.
Institutional Investors Weigh In On Snowflake
Hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in shares of Snowflake during the fourth quarter worth approximately $28,000. Greenline Wealth Management LLC bought a new position in shares of Snowflake in the 4th quarter worth $29,000. GoalVest Advisory LLC lifted its holdings in shares of Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company's stock worth $30,000 after purchasing an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company's stock worth $31,000 after purchasing an additional 51 shares in the last quarter. Finally, Emerald Advisers LLC lifted its holdings in shares of Snowflake by 95.2% in the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company's stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.
Key Snowflake News
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
- Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
- Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
- Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
- Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title
Analysts Set New Price Targets
A number of brokerages have weighed in on SNOW. Barclays lifted their target price on Snowflake from $192.00 to $272.00 and gave the stock an "equal weight" rating in a report on Thursday. KeyCorp set a $295.00 target price on Snowflake in a report on Thursday. Bank of America lifted their target price on Snowflake from $205.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday. TD Cowen lifted their target price on Snowflake from $255.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Monness Crespi & Hardt lifted their target price on Snowflake from $282.00 to $320.00 and gave the stock a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $284.38.
View Our Latest Stock Analysis 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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