Snowflake (NYSE:SNOW) Director Frank Slootman Sells 2,042 Shares of Stock

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

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 value 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 value 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 Price Performance

SNOW traded up $1.33 on Thursday, hitting $180.76. 291,469 shares of the company’s stock were exchanged, compared to its average volume of 6,317,551. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The stock has a market cap of $61.85 billion, a price-to-earnings ratio of -45.50 and a beta of 1.16. The firm has a 50-day moving average price of $191.27 and a 200-day moving average price of $221.60. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 25th. The company reported $0.32 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 analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, equities analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst upgrade — At least one firm recently upgraded Snowflake, reshaping analyst sentiment and giving near-term support to the stock. Article Title
• Positive Sentiment: Product/market momentum from AI research — Snowflake released and promoted research (with partners) showing strong enterprise AI ROI, job‑impact nuance and healthcare interoperability demand, reinforcing the company’s positioning in the AI Data Cloud market. This supports longer‑term revenue and adoption narratives. Article Title
• Positive Sentiment: Thought leadership on AI context — Opinion and industry coverage (Forbes, Crunchbase pieces) highlight Snowflake’s role around context and data infrastructure for enterprise AI, which can support investor confidence in long‑term TAM expansion. Article Title
• Neutral Sentiment: Comparative and industry coverage — Independent pieces comparing Snowflake to smaller peers and covering VC/agentic AI recalibration provide useful context but are unlikely to move the stock materially on their own. Article Title
• Neutral Sentiment: Macro/sector AI job surveys — Third‑party surveys (ZDNet/Omdia coverage) show mixed effects of AI on jobs and IT spend; these reinforce demand narratives but are background rather than immediate catalysts. Article Title
• Negative Sentiment: Multiple securities class‑action notices and lead‑plaintiff deadlines — A wave of law‑firm press releases and filings (e.g., Portnoy, SueWallSt, Bernstein Liebhard, Rosen, Levi & Korsinsky, Faruqi, Pomerantz, RGRD, Bronstein, Schall) alleges disclosure harm tied to a class period and sets an April 27, 2026 lead‑plaintiff deadline. The proliferation of notices raises litigation risk and potential future liabilities. Article Title
• Negative Sentiment: Insider selling disclosed and immediate market reaction — Recent Form 4 disclosures show director and senior executive sales (including Frank Slootman and EVP Christian Kleinerman); coverage ties these sales to downward trading pressure, and market reports note a pullback following the disclosures. Article Title

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SNOW shares. Citigroup dropped their price target on Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. BTIG Research lowered their price objective on Snowflake from $312.00 to $235.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Sanford C. Bernstein dropped their target price on Snowflake from $237.00 to $195.00 and set a “market perform” rating for the company in a report on Thursday, February 26th. Barclays cut their target price on Snowflake from $204.00 to $192.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Finally, Guggenheim reiterated a “neutral” rating on shares of Snowflake in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $248.58.

Institutional Investors Weigh In On Snowflake

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Snowflake in the fourth quarter valued at approximately $974,091,000. Winslow Capital Management LLC purchased a new position in shares of Snowflake during the second quarter worth $725,667,000. Jennison Associates LLC boosted its position 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 worth $2,545,300,000 after buying an additional 2,519,413 shares during the period. Coatue Management LLC acquired a new stake in shares of Snowflake in the third quarter valued at $441,277,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in shares of Snowflake in the fourth quarter valued at $345,619,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

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.