Snowflake (NYSE:SNOW) Director Frank Slootman Sells 144,650 Shares of Stock

Posted by James Conley on May 21st, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) Director Frank Slootman sold 144,650 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $175.45, for a total transaction of $25,378,842.50. Following the completion of the transaction, the director owned 38,046 shares in the company, valued at $6,675,170.70. The trade was a 79.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 Wednesday, March 18th, Frank Slootman sold 88,701 shares of Snowflake stock. The shares were sold at an average price of $175.93, for a total transaction of $15,605,166.93.
On Thursday, March 19th, Frank Slootman sold 11,299 shares of Snowflake stock. The shares were sold at an average price of $175.25, for a total transaction of $1,980,149.75.
On Tuesday, March 17th, Frank Slootman sold 7,874 shares of Snowflake stock. The shares were sold at an average price of $175.34, for a total transaction of $1,380,627.16.
On Tuesday, March 10th, Frank Slootman sold 2,042 shares of Snowflake stock. The shares were sold at an average price of $182.44, for a total transaction of $372,542.48.

Snowflake Stock Down 1.6%

Shares of NYSE:SNOW opened at $166.81 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $280.67. The company has a 50 day moving average of $154.22 and a two-hundred day moving average of $194.08. The company has a market capitalization of $57.67 billion, a price-to-earnings ratio of -42.23 and a beta of 1.08.

Snowflake (NYSE:SNOW – Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company earned $0.30 earnings per share. Snowflake’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, analysts forecast that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Bank of America raised its price target on Snowflake to $205 from $195 and reiterated a Buy rating, citing sustained enterprise demand, early traction in AI-driven workflow tools, and improved execution confidence. Snowflake seen delivering strong quarter as Bank of America lifts price target
Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating and set a much higher $325 price target, signaling confidence that Snowflake’s AI platform growth can continue to accelerate. Benzinga report on Citizens JMP rating
Positive Sentiment: Snowflake was included in bullish coverage around its upcoming earnings date, with investors focused on May 27 as a potential catalyst if results or guidance beat expectations. Dear Snowflake stock fans, mark your calendars for May 27
Neutral Sentiment: Snowflake also got favorable attention from a collaboration announcement with AVEVA aimed at accelerating industrial AI and unifying IT/OT data ecosystems, which supports its longer-term platform narrative. AVEVA Announces Collaboration with Snowflake to Accelerate Industrial AI and Unify IT/OT Data Ecosystems
Neutral Sentiment: Analysts and media noted Snowflake’s strong recent momentum, but some of the day’s move looked like a normal cooling-off period after a sharp rally rather than a company-specific setback. Why Snowflake Stock Is Falling On Wednesday?
Negative Sentiment: Director Frank Slootman disclosed a sale of 144,650 shares, a large transaction that may raise some investor concerns even though it was made under a pre-arranged trading plan. SEC Form 4 filing

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SNOW. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price target on shares of Snowflake in a research report on Monday, February 23rd. Wells Fargo & Company decreased their price target on shares of Snowflake from $290.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. DA Davidson decreased their price target on shares of Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Truist Financial set a $125.00 price target on shares of Snowflake in a research report on Wednesday, April 15th. Finally, Canaccord Genuity Group decreased their price target on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. One investment analyst has 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $242.19.

View Our Latest Stock Analysis on Snowflake

Institutional Investors Weigh In On Snowflake

A number of hedge funds have recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. lifted its stake in Snowflake by 2.7% in the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after buying an additional 40 shares during the last quarter. Diligent Investors LLC lifted its stake in Snowflake by 0.9% in the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after buying an additional 40 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in Snowflake by 44.1% in the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $36,000 after buying an additional 49 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in Snowflake by 10.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock valued at $120,000 after buying an additional 50 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its stake in Snowflake by 50.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after buying an additional 50 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

About Snowflake

(Get Free Report)

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.