Snowflake (NYSE:SNOW) Director Frank Slootman Sells 48,990 Shares of 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 transaction of $15,715,012.20. Following the sale, the director directly owned 28,535 shares of the company’s stock, valued at $9,153,457.30. This trade represents a 63.19% 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 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 value 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 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 shares were sold at an average price of $250.00, for a total value 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 value 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 Trading Down 1.5%

NYSE:SNOW opened at $320.04 on Friday. The stock’s 50 day moving average price is $277.09 and its 200 day moving average price is $208.84. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $341.95. The company has a market capitalization of $110.93 billion, a P/E ratio of -90.92 and a beta of 1.33. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share. On average, research analysts forecast that Snowflake Inc. will post -1.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Kemnay Advisory Services Inc. acquired a new position in Snowflake during the 4th quarter worth $28,000. Greenline Wealth Management LLC acquired a new stake in shares of Snowflake in the fourth quarter valued at about $29,000. Physician Wealth Advisors Inc. increased 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 worth $31,000 after purchasing an additional 51 shares during the period. MV Capital Management Inc. bought a new position in shares of Snowflake in the fourth quarter worth about $32,000. Finally, Copos Capital S.a r.l. acquired a new position in shares of Snowflake during the 4th quarter worth about $35,000. Institutional investors own 65.10% of the company’s stock.

Key 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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SNOW shares. Benchmark raised their price target on shares of Snowflake from $200.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Canaccord Genuity Group increased their target price on shares of Snowflake from $240.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Wells Fargo & Company restated an “overweight” rating on shares of Snowflake in a report on Wednesday, July 29th. Jefferies Financial Group raised their target price on Snowflake from $310.00 to $385.00 and gave the company a “buy” rating in a report on Sunday. Finally, Needham & Company LLC boosted their price target on Snowflake from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Thirty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $320.65.

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.