Key Points
- Snowflake director Frank Slootman sold 48,990 shares for approximately $15.7 million at an average price of $320.78 under a pre-arranged Rule 10b5-1 plan. His remaining direct ownership fell 63.19% to 28,535 shares.
- The sale follows a series of substantial disposals by Slootman, including 251,010 shares sold the previous day and hundreds of thousands of shares sold in earlier transactions.
- Snowflake reported quarterly revenue of $1.39 billion, up 33.5% year over year, and beat analysts’ EPS estimate. Analysts maintained a broadly positive outlook, with 34 Buy ratings and an average price target of $320.65.
Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 48,990 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $320.78, for a total value of $15,715,012.20. Following the completion of the sale, the director directly owned 28,535 shares of the company's stock, valued at $9,153,457.30. This represents a 63.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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, August 18th, Frank Slootman sold 251,010 shares of Snowflake stock. The stock was sold at an average price of $325.53, for a total transaction of $81,711,285.30.
- On Tuesday, July 21st, Frank Slootman sold 10,315 shares of Snowflake stock. The stock was sold at an average price of $275.10, for a total transaction of $2,837,656.50.
- On Monday, July 20th, Frank Slootman sold 289,685 shares of Snowflake stock. The shares were sold at an average price of $274.39, for a total transaction of $79,486,667.15.
- On Monday, June 29th, Frank Slootman sold 99,900 shares of Snowflake stock. The shares were sold at an average price of $251.73, for a total transaction of $25,147,827.00.
- On Friday, June 26th, Frank Slootman sold 100 shares of Snowflake stock. The stock was 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 shares were 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 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 shares were sold at an average price of $233.42, for a total value of $93,368,000.00.
Snowflake Stock Down 1.5%
Shares of SNOW stock opened at $320.04 on Friday. Snowflake Inc. has a one year low of $118.30 and a one year high of $341.95. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a fifty day moving average price of $277.09 and a 200 day moving average price of $208.84. The stock has a market cap of $110.93 billion, a P/E ratio of -90.92 and a beta of 1.33.
Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (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 50.50%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $0.24 EPS. The business's revenue for the quarter was up 33.5% on a year-over-year basis. Analysts predict that Snowflake Inc. will post -1.81 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Needham & Company LLC upped their target price on shares of Snowflake from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. Wedbush raised their price target on shares of Snowflake from $270.00 to $280.00 and gave the stock an "outperform" rating in a research note on Thursday, May 28th. Raymond James Financial reaffirmed an "outperform" rating and set a $275.00 price objective on shares of Snowflake in a report on Thursday, May 28th. Benchmark upped their price objective on Snowflake from $200.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. Finally, Citigroup reissued a "market outperform" rating on shares of Snowflake in a report on Tuesday. Thirty-four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Snowflake has an average rating of "Moderate Buy" and an average price target of $320.65.
Check Out Our Latest Stock Report on Snowflake
More Snowflake News
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: New AI model-routing capabilities strengthen Snowflake’s enterprise offering. The company introduced dynamic model routing in its Cortex AI Gateway and flagship products, allowing customers to direct workloads among multiple AI models based on task complexity, governance requirements and cost. The feature could reduce vendor dependence, improve efficiency and support Snowflake’s positioning as an enterprise AI platform. Snowflake introduces dynamic model routing to enhance AI efficiency
- Positive Sentiment: Analysts raised their targets and maintained bullish ratings. Truist lifted its target from $300 to $375 and assigned a “buy” rating, while Bank of America raised its target from $330 to $395 and also rated the shares “buy.” These revisions reflect confidence in Snowflake’s AI momentum and provide potential upside according to the firms. Analyst price-target updates
- Positive Sentiment: AI adoption remains a key growth driver. A recent analysis said Snowflake’s AI-related products are helping generate 34% product-revenue growth, while model routing may improve customer flexibility and strengthen its competitive position in enterprise AI. Snowflake rides on AI momentum
- Neutral Sentiment: Competitive comparisons may temper enthusiasm. Analysts highlighted Snowflake’s rapid AI adoption but argued Dell Technologies may offer stronger earnings momentum, AI-server demand and business diversification. This could lead some investors to favor other AI-related opportunities. Snowflake versus Dell
- Negative Sentiment: Cybersecurity concerns and broader AI-cloud selling are weighing on sentiment. A report described a Snowflake vulnerability that reportedly evaded AI-based security checks and was exploited by another AI system. Separately, selling across AI-cloud stocks has been linked to financing concerns, creating pressure even as Snowflake’s long-term AI outlook remains positive. Snowflake security flaw report
Hedge Funds Weigh In On Snowflake
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new stake in Snowflake during the fourth quarter worth about $28,000. Greenline Wealth Management LLC bought a new position in shares of Snowflake in the fourth quarter valued at approximately $29,000. Physician Wealth Advisors Inc. raised its stake in shares of Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company's stock valued at $31,000 after acquiring an additional 51 shares during the last quarter. MV Capital Management Inc. acquired a new position in shares of Snowflake in the 4th quarter worth approximately $32,000. Finally, Copos Capital S.a r.l. acquired a new position in shares of Snowflake in the 4th quarter worth approximately $35,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.
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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