Insider Selling: Snowflake (NYSE:SNOW) Director Sells $65,887,526.90 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 197,209 shares of the business’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $334.10, for a total transaction of $65,887,526.90. Following the completion of the transaction, the director owned 19,024 shares in the company, valued at $6,355,918.40. The trade was a 91.20% decrease in their position. The transaction 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.

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 value of $34,457,599.02.
• 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 value of $2,608,915.41.
• On Wednesday, August 19th, Frank Slootman sold 48,990 shares of Snowflake stock. The stock was 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 transaction of $81,711,285.30.
• On Tuesday, July 21st, Frank Slootman sold 10,315 shares of Snowflake stock. The shares were sold at an average price of $275.10, for a total value of $2,837,656.50.
• On Monday, July 20th, Frank Slootman sold 289,685 shares of Snowflake stock. The stock was sold at an average price of $274.39, for a total value 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 value 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 value of $25,000.00.

Snowflake Price Performance

SNOW opened at $334.24 on Friday. 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 company has a market cap of $117.92 billion, a price-to-earnings ratio of -105.11 and a beta of 1.33. The stock has a fifty day simple moving average of $317.11 and a two-hundred day simple moving average of $236.53. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The company’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. Research analysts predict that Snowflake Inc. will post -1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SNOW. HSBC set a $289.00 target price on shares of Snowflake and gave the company a “buy” rating in a research note on Friday, May 29th. Citigroup upped their price target on Snowflake from $395.00 to $490.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Stifel Nicolaus raised their price objective on Snowflake from $350.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Canaccord Genuity Group lifted their price objective on Snowflake from $325.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Snowflake in a report on Tuesday, September 8th. Thirty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $414.24.

Institutional Investors Weigh In On Snowflake

Several large investors have recently bought and sold shares of SNOW. MV Capital Management Inc. bought a new position in Snowflake during the 4th quarter valued at about $32,000. Copos Capital S.a r.l. bought a new position in Snowflake during the fourth quarter valued at approximately $35,000. SHP Wealth Management purchased a new stake in Snowflake in the fourth quarter worth approximately $39,000. Basecamp Wealth Advisors LLC lifted its holdings in shares of Snowflake by 140.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after buying an additional 118 shares during the period. Finally, Emerald Advisers LLC lifted its holdings in shares of Snowflake by 95.2% during the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after buying an additional 100 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s partnership with CrowdStrike brings the Falcon security platform to the Snowflake Marketplace. Customers can use pre-committed Snowflake capacity to purchase Falcon subscriptions, while deeper data interoperability could increase marketplace activity, platform usage, and enterprise demand. CrowdStrike and Snowflake partnership
• Positive Sentiment: Investor commentary from Tributary Capital highlighted accelerating product adoption and a strengthening profit outlook, supporting the bullish case for Snowflake’s AI-driven growth. The company’s latest reported quarter also exceeded expectations, with revenue of $1.55 billion and EPS of $0.62 versus consensus of $1.48 billion and $0.45, respectively. Snowflake profit outlook article
• Positive Sentiment: Snowflake received a Zacks upgrade to Rank #2, or “Buy,” reflecting improved expectations for earnings. Analysts remain broadly constructive, with a reported consensus price target of $414.24, although targets and ratings are not guarantees of future performance. Zacks Snowflake upgrade
• Neutral Sentiment: Liquibase Secure became available through the Snowflake Marketplace, expanding the platform’s partner ecosystem and governance capabilities. The announcement is strategically positive but did not disclose a material financial impact. Liquibase Secure on Snowflake Marketplace
• Negative Sentiment: Director Frank Slootman sold a combined 300,000 shares for roughly $100 million, reducing his direct holdings by more than 84%. The transactions were made under a pre-arranged trading plan, but their size can still fuel profit-taking concerns. Frank Slootman share sale
• Negative Sentiment: Snowflake’s high valuation and continuing negative net margin leave the stock sensitive to concerns that growth may be coming at the expense of profitability. A market-wide retreat in cloud shares, including Oracle, added further near-term pressure. Cloud stock selloff

About Snowflake

Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake’s Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake’s marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.