Frank Slootman Sells 437,076 Shares of Snowflake (NYSE:SNOW) Stock

Posted by Brian Himes on Jun 3rd, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) Director Frank Slootman sold 437,076 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $252.43, for a total value of $110,331,094.68. Following the completion of the transaction, the director owned 38,046 shares in the company, valued at $9,603,951.78. The trade was a 91.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

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.
On Tuesday, May 26th, Frank Slootman sold 55,350 shares of Snowflake stock. The stock was sold at an average price of $176.52, for a total transaction of $9,770,382.00.
On Tuesday, May 19th, Frank Slootman sold 144,650 shares of Snowflake stock. The stock was sold at an average price of $175.45, for a total transaction of $25,378,842.50.
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 stock was sold at an average price of $182.44, for a total transaction of $372,542.48.

Snowflake Stock Performance

NYSE SNOW opened at $261.29 on Wednesday. The firm’s 50 day simple moving average is $158.80 and its 200 day simple moving average is $190.47. The firm has a market capitalization of $90.33 billion, a price-to-earnings ratio of -74.23 and a beta of 1.35. The company has a current ratio of 1.05, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $284.99.

Snowflake (NYSE:SNOW – Get Free Report) last released its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. As a group, research analysts expect that Snowflake Inc. will post -2.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Stifel Nicolaus lifted their target price on Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Mizuho raised their price target on shares of Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Citizens Jmp reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Snowflake in a report on Tuesday, May 19th. The Goldman Sachs Group increased their price objective on shares of Snowflake from $216.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Zacks Research upgraded shares of Snowflake from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.38.

View Our Latest Stock Report on Snowflake

Hedge Funds Weigh In On Snowflake

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Snowflake during the fourth quarter worth $974,091,000. Jennison Associates LLC increased its holdings in Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the period. Coatue Management LLC bought a new position in Snowflake during the 3rd quarter worth $441,277,000. Jericho Capital Asset Management L.P. bought a new position in Snowflake during the 4th quarter worth $345,619,000. Finally, American Century Companies Inc. lifted its holdings in Snowflake by 233.3% during the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after buying an additional 1,473,354 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Snowflake unveiled new AI and governance capabilities across Horizon Catalog, CoWork, and CoCo, reinforcing its position as a core enterprise AI platform and improving its long-term growth story.
Positive Sentiment: Major enterprise adopters and partners, including Thomson Reuters and Sanofi, highlighted real-world use cases for Snowflake-powered AI, which supports demand visibility and validates the platform’s appeal to large customers.
Positive Sentiment: Snowflake’s ecosystem momentum is building, with partners such as Anthropic, Redpoint, Trust3 AI, and numerous Snowflake Partner of the Year award winners showcasing expanding adoption around the Snowflake AI Data Cloud.
Positive Sentiment: Recent analyst and media coverage has been constructive, with commentary suggesting Snowflake’s earnings beat and reaccelerating growth could support further upside after the post-earnings surge.
Neutral Sentiment: Snowflake also drew attention for insider sales by directors, which may temper enthusiasm a bit, though the transactions were disclosed and one was tied to a pre-arranged trading plan.
Neutral Sentiment: Some articles noted that after the recent run-up, valuation may be demanding and future gains could depend on continued execution rather than multiple expansion alone.

Snowflake Company Profile

(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.