Insider Selling: Snowflake (NYSE:SNOW) Director Sells 55,350 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 55,350 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $176.52, for a total value of $9,770,382.00. Following the completion of the sale, the director owned 38,046 shares in the company, valued at $6,715,879.92. This trade represents a 59.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 19th, Frank Slootman sold 144,650 shares of Snowflake stock. The stock was sold at an average price of $175.45, for a total value of $25,378,842.50.
• On Wednesday, March 18th, Frank Slootman sold 88,701 shares of Snowflake stock. The stock was sold at an average price of $175.93, for a total value of $15,605,166.93.
• On Thursday, March 19th, Frank Slootman sold 11,299 shares of Snowflake stock. The stock was sold at an average price of $175.25, for a total value of $1,980,149.75.
• On Tuesday, March 17th, Frank Slootman sold 7,874 shares of Snowflake stock. The stock was sold at an average price of $175.34, for a total value of $1,380,627.16.
• On Tuesday, March 10th, Frank Slootman sold 2,042 shares of Snowflake stock. The stock was sold at an average price of $182.44, for a total value of $372,542.48.

Snowflake Price Performance

Snowflake stock traded up $63.96 on Thursday, reaching $239.22. The company’s stock had a trading volume of 39,374,404 shares, compared to its average volume of 7,892,297. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market cap of $82.70 billion, a price-to-earnings ratio of -67.96 and a beta of 1.08. The business’s fifty day moving average price is $155.03 and its 200 day moving average price is $190.49. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $280.67.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.The business’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Equities analysts expect that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

SNOW has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on Snowflake from $210.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday. Sanford C. Bernstein upped their price target on Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday. The Goldman Sachs Group upped their price target on Snowflake from $216.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley upped their price target on Snowflake from $245.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Evercore set a $200.00 price target on Snowflake in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $283.61.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported fiscal Q1 results that beat expectations, with revenue up about 33%-34% year over year and EPS above estimates, showing that demand for its data cloud platform remains strong. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue outlook, which suggests management is seeing stronger enterprise AI and cloud migration demand than previously expected. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with Amazon Web Services, expanding its AI infrastructure footprint and reinforcing its role in enterprise agentic AI. Snowflake stock surges 30% on $6B AWS deal, strong Q1 print
• Positive Sentiment: Several analysts raised price targets after the report, including JPMorgan, KeyCorp, TD Cowen, DA Davidson, Bank of America, Benchmark, Needham, Stifel, and others, signaling improving sentiment on the stock’s growth outlook. Analyst price target updates

Institutional Investors Weigh In On Snowflake

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNOW. Norges Bank bought a new stake in Snowflake in the fourth quarter valued at about $974,091,000. Jennison Associates LLC increased its holdings in Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the last quarter. Coatue Management LLC bought a new stake in Snowflake in the third quarter valued at about $441,277,000. Jericho Capital Asset Management L.P. bought a new stake in Snowflake in the fourth quarter valued at about $345,619,000. Finally, American Century Companies Inc. increased its holdings in Snowflake by 233.3% in the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock valued at $474,766,000 after purchasing an additional 1,473,354 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

About Snowflake

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.