Snowflake (NYSE:SNOW) Director Sells $15,715,012.20 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 48,990 shares of Snowflake stock in a transaction 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 transaction, the director directly owned 28,535 shares of the company’s stock, valued at approximately $9,153,457.30. The trade was a 63.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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, 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 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 stock was sold at an average price of $233.42, for a total value of $93,368,000.00.

Snowflake Stock Up 3.5%

NYSE SNOW opened at $332.52 on Friday. The firm has a market cap of $115.25 billion, a PE ratio of -94.47 and a beta of 1.33. Snowflake Inc. has a one year low of $118.30 and a one year high of $341.95. The stock’s 50 day simple moving average is $279.09 and its 200 day simple moving average is $209.70. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm posted $0.24 EPS. The business’s revenue was up 33.5% on a year-over-year basis. As a group, sell-side analysts forecast that Snowflake Inc. will post -1.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Snowflake

Large investors have recently made changes to their positions in the company. Kemnay Advisory Services Inc. bought a new position in Snowflake in the fourth quarter valued at about $28,000. Greenline Wealth Management LLC acquired a new position in Snowflake during the 4th quarter valued at about $29,000. Basecamp Wealth Advisors LLC lifted its position in 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 purchasing an additional 118 shares during the period. Physician Wealth Advisors Inc. boosted its stake in shares of Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after purchasing an additional 51 shares during the last quarter. Finally, Emerald Advisers LLC boosted its stake in shares of Snowflake by 95.2% in the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts raised their price targets. Truist increased its target from $300 to $375 and maintained a “buy” rating, citing additional upside from Snowflake’s AI strategy and execution. Bank of America also raised its target to $395. The revisions reinforce bullish sentiment and imply further potential appreciation. Truist raises Snowflake price target
• Positive Sentiment: Snowflake introduced dynamic AI model routing. The capability in Cortex AI Gateway and other products lets customers route workloads among multiple models based on complexity, cost and governance requirements. This may improve efficiency, reduce dependence on any one model provider and make Snowflake more attractive to enterprise customers. Snowflake introduces dynamic model routing
• Positive Sentiment: The company is positioning itself as an “agentic control plane.” Commentary suggests Snowflake is seeking to manage data, governance and workflows as enterprises deploy autonomous AI agents. AI-related products are supporting reported product-revenue growth of 34%, while the company’s most recent quarterly results also exceeded revenue and earnings expectations. Snowflake’s agentic AI strategy
• Neutral Sentiment: Snowflake is being compared with Palantir as enterprise AI infrastructure. Both companies are viewed as potential beneficiaries of production AI adoption, but investors continue to weigh their differing growth, valuation and business models. Palantir and Snowflake comparison
• Negative Sentiment: Insider selling and security concerns remain risks. Director Frank Slootman sold a combined 300,000 shares for approximately $97.4 million across August 18 and 19, reducing his holdings substantially. The transactions were made under a pre-arranged Rule 10b5-1 plan, which limits their signaling value, but the scale may still weigh on sentiment. A report of a Snowflake vulnerability exploited after evading AI security checks also creates reputational and cybersecurity concerns. Snowflake insider selling

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BTIG Research lifted their price target on Snowflake from $325.00 to $340.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Rosenblatt Securities increased their price objective on shares of Snowflake from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company restated an “overweight” rating on shares of Snowflake in a research report on Wednesday, July 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Snowflake in a research note on Thursday, May 28th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Snowflake in a research note on Tuesday. Thirty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $320.65.

Snowflake Company Profile

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.