Snowflake (NYSE:SNOW) Director Sells $372,542.48 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 2,042 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $182.44, for a total transaction of $372,542.48. Following the sale, the director directly owned 47,558 shares of the company’s stock, valued at approximately $8,676,481.52. This represents a 4.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, February 18th, Frank Slootman sold 100,000 shares of Snowflake stock. The stock was sold at an average price of $176.91, for a total transaction of $17,691,000.00.
• On Tuesday, January 20th, Frank Slootman sold 200,000 shares of Snowflake stock. The stock was sold at an average price of $206.77, for a total transaction of $41,354,000.00.
• On Thursday, December 18th, Frank Slootman sold 200,000 shares of Snowflake stock. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00.
• On Tuesday, December 16th, Frank Slootman sold 7,728 shares of Snowflake stock. The shares were sold at an average price of $212.45, for a total value of $1,641,813.60.

Snowflake Stock Up 0.8%

Shares of Snowflake stock opened at $178.60 on Friday. The stock has a market capitalization of $61.12 billion, a price-to-earnings ratio of -45.22 and a beta of 1.16. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The business’s 50 day simple moving average is $189.67 and its 200-day simple moving average is $221.18.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. Equities research analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analysts Set New Price Targets

SNOW has been the subject of several recent research reports. Jefferies Financial Group set a $300.00 price target on shares of Snowflake in a research report on Monday, November 24th. Needham & Company LLC cut their price objective on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Morgan Stanley decreased their target price on shares of Snowflake from $270.00 to $245.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Snowflake in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group cut their price target on Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $248.58.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported robust product momentum: product revenues rose to $1.22B in Q4 and management is guiding Q1 FY27 revenue growth of ~27% YoY — a clear near‑term revenue catalyst supporting upside expectations. Read More.
• Positive Sentiment: Analyst bullishness — Canaccord and other firms continue to show conviction (consensus target ~ $240 per the note), keeping a majority of covering analysts constructive and implying material upside versus current levels. Read More.
• Positive Sentiment: AI and market positioning — Multiple pieces (company research, Forbes/industry coverage, and a study highlighting India as an early GenAI adopter) reinforce Snowflake’s role as the “AI data cloud” provider, supporting longer‑term TAM expansion and customer adoption. Read More.
• Neutral Sentiment: Market interest and background analysis — Zacks and other outlets note Snowflake is a trending stock and provide refreshers on financials and use cases; useful context for traders but not immediate catalysts. Read More.
• Neutral Sentiment: Valuation debate — Analysts and commentators (e.g., Seeking Alpha) acknowledge strong growth but flag that valuation is not cheap, suggesting upside depends on execution and margin improvement. Read More.
• Negative Sentiment: Litigation wave — Multiple law firms have filed or announced notices related to a securities class period and April 27 lead‑plaintiff deadlines; proliferation of claims raises legal and financial overhang risk. Read More.
• Negative Sentiment: Insider/director selling — Recent Form 4 disclosures show sales by senior management and a director (including Frank Slootman and EVP Christian Kleinerman); media linked these trades to near‑term selling pressure. Read More.

Hedge Funds Weigh In On Snowflake

Several large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Snowflake in the 4th quarter worth approximately $974,091,000. Winslow Capital Management LLC bought a new position in shares of Snowflake in the second quarter valued at approximately $725,667,000. Jennison Associates LLC increased its stake in shares of Snowflake by 27.7% during the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after acquiring an additional 2,519,413 shares during the period. Coatue Management LLC bought a new stake in Snowflake during the third quarter worth approximately $441,277,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in Snowflake during the fourth quarter worth approximately $345,619,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

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.