Insider Selling: Snowflake (NYSE:SNOW) Director Sells $2,608,915.41 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 8,191 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $318.51, for a total value of $2,608,915.41. Following the sale, the director directly owned 19,024 shares in the company, valued at $6,059,334.24. This trade represents a 30.10% decrease in their ownership of the stock. The sale was disclosed in a filing 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 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 transaction 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 transaction of $79,486,667.15.
• On Monday, June 29th, Frank Slootman sold 99,900 shares of Snowflake stock. The stock was 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 shares were sold at an average price of $224.27, for a total transaction of $44,854,000.00.

Snowflake Trading Down 1.9%

SNOW opened at $331.85 on Friday. The firm has a market cap of $117.08 billion, a P/E ratio of -104.35 and a beta of 1.33. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56. 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 50-day moving average of $311.99 and a 200 day moving average of $231.51.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. As a group, research analysts forecast that Snowflake Inc. will post -1.57 EPS for the current year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts are raising earnings expectations for Snowflake, a trend that typically supports stock momentum. The average Wall Street price target implies roughly 28.7% upside, although target prices are not guarantees. Surging Earnings Estimates Signal Upside for Snowflake Stock
• Positive Sentiment: Product revenue reportedly increased 37% in fiscal second quarter, driven by AI adoption, greater platform consumption and enterprise expansion. The acceleration strengthens Snowflake’s competitive position against larger technology providers. Snowflake Product Revenue Accelerates
• Positive Sentiment: Snowflake’s chief executive said the platform is evolving from data storage into a source of business insights, while Daasity launched an MCP AI server that turns Snowflake data into governed business intelligence. These developments provide additional evidence of commercial AI use cases. Snowflake CEO on Business Insights
• Neutral Sentiment: Snowflake has attracted substantial online and investor attention. That may increase trading interest, but attention alone does not change the company’s fundamentals. Snowflake Attracting Investor Attention
• Negative Sentiment: Snowflake reduced its fiscal 2027 non-GAAP product gross-margin guidance to 74%, citing a growing mix of lower-margin AI workloads. If AI usage expands faster than pricing or efficiency improves, revenue growth could continue to pressure profitability. What Happens if AI Keeps Costing Snowflake Margin
• Negative Sentiment: Several executives and directors sold shares under pre-arranged plans, primarily to cover tax withholding on vested equity. Although these sales are not necessarily bearish, multiple insider transactions can weigh on sentiment after a substantial rally. Snowflake Insider Selling
• Negative Sentiment: Commentary warns that Snowflake’s valuation already reflects significant AI success while the company remains unprofitable. Any slowdown in growth or further margin deterioration could trigger a sharper pullback. Snowflake Valuation and AI Growth Risks

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SNOW. Mizuho set a $425.00 price target on Snowflake in a research report on Thursday, September 3rd. Piper Sandler reiterated an “overweight” rating and set a $450.00 price objective (up from $320.00) on shares of Snowflake in a research report on Thursday, September 3rd. Evercore reissued an “outperform” rating and issued a $430.00 target price on shares of Snowflake in a research note on Thursday, September 3rd. The Goldman Sachs Group raised their target price on shares of Snowflake from $300.00 to $436.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research note on Thursday, September 3rd. Thirty-four investment 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 MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus price target of $414.24.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Nuveen LLC boosted its position in Snowflake by 2.3% in the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after buying an additional 116,521 shares during the period. Geode Capital Management LLC increased its position in shares of Snowflake by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock worth $1,052,195,000 after acquiring an additional 249,668 shares during the period. Norges Bank purchased a new position in shares of Snowflake during the fourth quarter worth approximately $974,091,000. Janus Henderson Group PLC raised its stake in shares of Snowflake by 20.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,452,425 shares of the company’s stock valued at $537,907,000 after acquiring an additional 415,951 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Snowflake by 5.2% during the fourth quarter. Legal & General Group Plc now owns 1,949,962 shares of the company’s stock valued at $427,744,000 after acquiring an additional 96,373 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

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.