Insider Selling: Snowflake (NYSE:SNOW) Director Sells 99,900 Shares of Stock

July 2, 2026 by InsiderTrades.com

Key Points

Snowflake director Frank Slootman sold 99,900 shares on June 29 at an average price of $251.73, for proceeds of about $25.15 million. After the sale, he still held 28,535 shares, and the trade was made under a pre-arranged 10b5-1 plan.
The sale was part of a larger pattern of insider selling by Slootman in recent weeks, including multiple much larger transactions in May and June. Overall, the filings show a significant reduction in his Snowflake ownership.
Snowflake’s stock was trading near $260.73, close to its 52-week high, while analysts remain broadly positive with a Moderate Buy consensus and a price target around $293.53. The company also recently beat earnings and revenue estimates, with revenue up 33.5% year over year.

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 99,900 shares of the company's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $251.73, for a total value of $25,147,827.00. Following the completion of the transaction, the director owned 28,535 shares of the company's stock, valued at $7,183,115.55. The trade was a 77.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 Friday, June 26th, Frank Slootman sold 100 shares of Snowflake stock. The shares were sold at an average price of $250.00, for a total transaction of $25,000.00.
On Thursday, June 18th, Frank Slootman sold 200,000 shares of Snowflake stock. The stock was sold at an average price of $224.27, for a total transaction of $44,854,000.00.
On Tuesday, June 16th, Frank Slootman sold 8,066 shares of Snowflake stock. The stock was sold at an average price of $240.00, for a total transaction of $1,935,840.00.
On Monday, June 1st, Frank Slootman sold 162,924 shares of Snowflake stock. The stock was sold at an average price of $263.70, for a total transaction 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 transaction of $110,331,094.68.
On Thursday, May 28th, Frank Slootman sold 400,000 shares of Snowflake stock. The shares were sold at an average price of $233.42, for a total transaction 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 transaction 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 transaction of $25,378,842.50.

Snowflake Trading Up 2.4%

Shares of Snowflake stock opened at $260.73 on Thursday. The firm has a market cap of $90.37 billion, a price-to-earnings ratio of -74.07 and a beta of 1.35. The business has a 50-day moving average price of $198.52 and a 200-day moving average price of $189.68. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $284.99.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new stake in shares of Snowflake in the 4th quarter worth about $28,000. Greenline Wealth Management LLC bought a new position in Snowflake during the 4th quarter valued at about $29,000. GoalVest Advisory LLC raised its position in 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 during the period. Physician Wealth Advisors Inc. raised its position in 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 during the period. Finally, MV Capital Management Inc. bought a new stake in Snowflake in the fourth quarter worth about $32,000. Institutional investors own 65.10% of the company's stock.

Analyst Ratings Changes

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Several analysts have recently issued reports on SNOW shares. Evercore set a $200.00 price objective on Snowflake in a report on Tuesday, April 14th. Mizuho raised their target price on shares of Snowflake from $220.00 to $295.00 and gave the company an "outperform" rating in a report on Thursday, May 28th. The Goldman Sachs Group boosted their price target on shares of Snowflake from $216.00 to $278.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. KeyCorp set a $295.00 price target on shares of Snowflake in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Snowflake from $245.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $293.53.

Get Our Latest Stock Analysis on Snowflake

More Snowflake News

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Snowflake was featured in bullish “buy the pullback” commentary, with analysts pointing to large implied upside across select tech names including SNOW. 5 Tech Stocks to Buy on the July Pullback (SNOW)
Positive Sentiment: Wells Fargo reportedly lifted its price target on Snowflake to $320 and reiterated a Buy rating, reinforcing optimism around the company’s AI growth story. Snowflake’s (SNOW) AI Business Is Growing Faster Than Many Expected As Analysts Revise Target Price Upward
Positive Sentiment: Coverage also pointed to Snowflake’s expanding AI monetization and recent business momentum as reasons some investors remain constructive on the stock. MongoDB Vs. Snowflake: Why One Is The Better Stock To Buy In 2026
Neutral Sentiment: Director Frank Slootman sold a small number of shares under a pre-arranged 10b5-1 plan; this is routine insider activity and does not necessarily signal a change in fundamentals. SEC Form 4 filing
Neutral Sentiment: Snowflake continues to draw attention from institutions and partner ecosystems, which supports the long-term story but is not a near-term catalyst by itself. ZoomInfo, Recognized as “One to Watch” in Snowflake’s Modern Marketing Data Stack Report
Negative Sentiment: Several Seeking Alpha pieces turned cautious, arguing Snowflake’s valuation is stretched and that upside may be limited even if AI growth remains solid. Snowflake: The Valuation Wipes Out Opportunity
Negative Sentiment: Another note downgraded Snowflake, warning that accelerating AI monetization may not be enough to offset premium valuation risk. Snowflake: Value Maxed Tokens Drive Accelerating AI Monetization - Valuation Risks Ahead (Rating Downgrade)

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.