Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 300,000 shares of Snowflake stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $316.43, for a total transaction of $94,929,000.00. Following the completion of the sale, the director owned 19,024 shares in the company, valued at approximately $6,019,764.32. This trade represents a 94.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Monday, September 21st, Frank Slootman sold 102,791 shares of Snowflake stock. The stock was sold at an average price of $335.22, for a total transaction of $34,457,599.02.
- On Friday, September 18th, Frank Slootman sold 197,209 shares of Snowflake stock. The stock was sold at an average price of $334.10, for a total transaction of $65,887,526.90.
- On Wednesday, September 16th, Frank Slootman sold 8,191 shares of Snowflake stock. The stock was sold at an average price of $318.51, for a total transaction of $2,608,915.41.
- On Wednesday, August 19th, Frank Slootman sold 48,990 shares of Snowflake stock. The shares were sold at an average price of $320.78, for a total transaction of $15,715,012.20.
- 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 value of $81,711,285.30.
Snowflake Trading Up 1.1%
SNOW stock opened at $323.03 on Thursday. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56. The business's 50-day moving average is $332.33 and its 200 day moving average is $259.15. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The stock has a market cap of $113.96 billion, a price-to-earnings ratio of -101.58 and a beta of 1.35.
Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The business had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The business's revenue was up 35.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Snowflake Inc. will post -1.44 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently commented on SNOW shares. The Goldman Sachs Group boosted their price target on Snowflake from $300.00 to $436.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Raymond James Financial raised their price objective on Snowflake from $275.00 to $425.00 and gave the company an "outperform" rating in a report on Thursday, September 3rd. Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a research note on Thursday, September 3rd. TD Cowen upped their target price on shares of Snowflake from $370.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Snowflake in a report on Tuesday, September 8th. Thirty-six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $413.87.
Get Our Latest Report on SNOW
Key Headlines Impacting Snowflake
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Analyst Dan Ives argues that the artificial-intelligence spending cycle is still in its early stages, with less than 15% of potential investment completed. Snowflake is identified as a key data and cloud infrastructure beneficiary if enterprise AI adoption continues for several years. The AI Buildout Is Only 15% Complete
- Positive Sentiment: BNP says Snowflake’s AI monetization efforts are advancing, providing a potentially important growth catalyst as customers increasingly use the platform for AI workloads. The opportunity is tempered by Salesforce’s view that adoption remains at an early stage. Snowflake AI Monetization Efforts
- Positive Sentiment: Wall Street brokerages continue to rate Snowflake a “Moderate Buy,” indicating that analysts broadly see upside despite valuation and profitability risks. Snowflake Rated Moderate Buy
- Positive Sentiment: Snowflake’s collaboration with Lumen Technologies on secure data movement, AI workloads and sovereign AI infrastructure could expand its exposure to government and enterprise AI use cases. AI Data Partnerships
- Neutral Sentiment: Snowflake is promoting its 2026 Global Startup Challenge, an initiative intended to encourage startups to build on its platform. It supports ecosystem development but does not immediately change financial forecasts. Global Startup Challenge 2026
- Negative Sentiment: Director Frank Slootman sold 300,000 shares worth approximately $94.9 million, reducing his ownership by 94%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which reduces its informational value, but the size of the transaction may still pressure sentiment. SEC Insider Sale Filing
- Negative Sentiment: Snowflake continues to grow rapidly but remains unprofitable. Recent coverage highlighted approximately 35% revenue growth alongside losses, reinforcing concerns about valuation, margins and the company’s path to sustainable earnings. Snowflake Revenue Growth and Losses
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Mather Group LLC. grew its position in shares of Snowflake by 98.0% in the third quarter. Mather Group LLC. now owns 101 shares of the company's stock valued at $34,000 after purchasing an additional 50 shares in the last quarter. Ninety One UK Ltd purchased a new position in Snowflake during the third quarter worth approximately $36,000. Fortitude Family Office LLC lifted its position in Snowflake by 146.7% during the third quarter. Fortitude Family Office LLC now owns 111 shares of the company's stock worth $38,000 after buying an additional 66 shares in the last quarter. GK Wealth Management LLC purchased a new position in Snowflake during the third quarter worth approximately $41,000. Finally, Physician Wealth Advisors Inc. boosted its stake in Snowflake by 37.8% during the third quarter. Physician Wealth Advisors Inc. now owns 124 shares of the company's stock worth $42,000 after buying an additional 34 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.
About Snowflake
(
Get Free Report)
Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.
Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.
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