Insider Selling: Snowflake (NYSE:SNOW) Director Sells $44,854,000.00 in Stock

June 23, 2026 by InsiderTrades.com

Key Points

Snowflake director Frank Slootman sold 200,000 shares on June 18 at an average price of $224.27, for a total of $44.85 million. After the sale, he directly owned 28,535 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
Slootman has been selling heavily in recent weeks, including multiple earlier transactions in June and May that together totaled well over $250 million in stock sales. The latest sale reduced his ownership by 87.51%.
Snowflake’s stock was down 2.7% as the report noted, even though the company recently beat quarterly earnings and revenue estimates. Analysts remain broadly positive, with a consensus rating of Moderate Buy and an average price target of $293.53.

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 200,000 shares of the company's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $224.27, for a total transaction of $44,854,000.00. Following the completion of the transaction, the director directly owned 28,535 shares of the company's stock, valued at approximately $6,399,544.45. The trade was a 87.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Tuesday, June 16th, Frank Slootman sold 8,066 shares of Snowflake stock. The shares were sold at an average price of $240.00, for a total value of $1,935,840.00.
On Monday, June 1st, Frank Slootman sold 162,924 shares of Snowflake stock. The shares were sold at an average price of $263.70, for a total value of $42,963,058.80.
On Friday, May 29th, Frank Slootman sold 437,076 shares of Snowflake stock. The shares were sold at an average price of $252.43, for a total value of $110,331,094.68.
On Thursday, May 28th, Frank Slootman sold 400,000 shares of Snowflake stock. The stock was sold at an average price of $233.42, for a total value of $93,368,000.00.
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 shares were sold at an average price of $175.45, for a total value of $25,378,842.50.

Snowflake Trading Down 2.7%

NYSE SNOW opened at $226.02 on Tuesday. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $284.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. The stock's 50 day moving average price is $184.06 and its two-hundred day moving average price is $189.10. The stock has a market capitalization of $78.34 billion, a price-to-earnings ratio of -64.21 and a beta of 1.35.

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Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm's revenue was up 33.5% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. As a group, analysts anticipate that Snowflake Inc. will post -1.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Snowflake

Hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its position in Snowflake by 28.5% during the first quarter. Pacer Advisors Inc. now owns 43,607 shares of the company's stock worth $6,577,000 after purchasing an additional 9,684 shares during the period. Wealth High Governance Capital Ltda bought a new position in shares of Snowflake in the first quarter valued at about $2,112,000. Wealth High Governance Asset Management Ltda. acquired a new stake in shares of Snowflake during the 1st quarter worth about $1,808,000. Rathbones Group PLC boosted its holdings in shares of Snowflake by 255.8% during the 1st quarter. Rathbones Group PLC now owns 25,932 shares of the company's stock worth $3,911,000 after buying an additional 18,643 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Snowflake by 3.1% during the 1st quarter. Parallel Advisors LLC now owns 5,684 shares of the company's stock worth $857,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 65.10% of the company's stock.

Wall Street Analyst Weigh In

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A number of equities analysts have recently commented on the stock. KeyCorp set a $295.00 price objective on shares of Snowflake in a research note on Thursday, May 28th. Loop Capital lifted their target price on Snowflake from $290.00 to $320.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Needham & Company LLC upped their target price on Snowflake from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Barclays increased their price target on Snowflake from $272.00 to $285.00 and gave the company an "equal weight" rating in a research report on Thursday, June 4th. Finally, BTIG Research raised their price target on Snowflake from $280.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $293.53.

View Our Latest Analysis on Snowflake

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Truist reiterated a Buy rating on Snowflake and raised its price target to $300 from $275, citing constructive customer feedback following Snowflake Summit 2026. Truist Remains Bullish on Snowflake Inc. (SNOW)
Positive Sentiment: Snowflake’s fifth annual Modern Marketing Data Stack report highlighted a wide ecosystem of partners, including RudderStack, Hightouch, Sigma, Amperity, Iterable, Acxiom, Tealium, Adstra, Verato, Ketch, Snowplow, Piano, DAS42, and others. The repeated “Leader” and “One to Watch” designations reinforce Snowflake’s role as the core platform for governed data activation and AI-driven marketing workflows. Snowplow Recognized as Leader in Snowflake’s Modern Marketing Data Stack Report for Third Consecutive Year
Neutral Sentiment: Several partners publicized their recognition in Snowflake’s report at Cannes Lions 2026, which is mostly a marketing and ecosystem story rather than a direct financial update. While it supports Snowflake’s brand strength, the immediate stock impact may be limited. RudderStack Named a Leader in Snowflake's Modern Marketing Data Stack Report

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.