Snowflake (NYSE:SNOW) Director Frank Slootman Sells 8,191 Shares of Stock

Posted by Geri Gentry on Sep 17th, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) Director Frank Slootman sold 8,191 shares of the stock in a transaction 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 completion of the sale, the director owned 19,024 shares in the company, valued at approximately $6,059,334.24. The trade was a 30.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 shares were sold at an average price of $325.53, for a total value 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 value of $2,837,656.50.
On Monday, July 20th, Frank Slootman sold 289,685 shares of Snowflake stock. The shares were 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 value of $25,147,827.00.
On Friday, June 26th, Frank Slootman sold 100 shares of Snowflake stock. The stock was sold at an average price of $250.00, for a total value 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 Price Performance

Shares of SNOW opened at $330.26 on Thursday. The company has a market cap of $116.52 billion, a price-to-earnings ratio of -103.85 and a beta of 1.33. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $384.56. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. The company has a 50 day moving average of $309.17 and a two-hundred day moving average of $229.61.

Snowflake (NYSE:SNOW – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The company’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share. As a group, analysts predict that Snowflake Inc. will post -1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SNOW. Benchmark lifted their price objective on Snowflake from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Loop Capital upped their target price on Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Argus raised their target price on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Cantor Fitzgerald lifted their price target on Snowflake from $405.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Finally, Evercore reissued an “outperform” rating and issued a $430.00 price target on shares of Snowflake in a report on Thursday, September 3rd. Thirty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $414.24.

Read Our Latest Analysis on Snowflake

Institutional Investors Weigh In On Snowflake

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Snowflake in the 4th quarter valued at $974,091,000. Jericho Capital Asset Management L.P. acquired a new stake in Snowflake in the fourth quarter valued at approximately $345,619,000. William Blair Investment Management LLC lifted its position in shares of Snowflake by 159.9% during the 4th quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company’s stock worth $295,477,000 after purchasing an additional 828,789 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in Snowflake by 44.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company’s stock worth $392,259,000 after buying an additional 803,110 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its stake in Snowflake by 4,284.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 696,278 shares of the company’s stock worth $105,013,000 after purchasing an additional 680,397 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Snowflake’s second-quarter fiscal 2027 performance reportedly included approximately $1.55 billion in revenue, a reduced net loss, higher full-year product-revenue and operating-margin guidance, and a completed $3.7 billion share-repurchase program that retired about 25.4 million shares. The combination of stronger AI adoption, improved profitability expectations, and a smaller share count is supportive for the stock. How Investors May Respond To Snowflake AI-fueled Guidance Hike and $3.7 Billion Buyback
Positive Sentiment: Snowflake introduced dynamic model routing designed to direct workloads to the most cost-effective AI models. Lowering enterprise AI spending could improve customer adoption and increase usage of Snowflake’s platform. Snowflake’s dynamic model routing aims to make enterprise AI more cost-efficient
Positive Sentiment: QAD | Redzone’s ChampionAI, powered by Snowflake Cortex AI, is targeting manufacturing productivity, labor, and operational-pace challenges. The deployment provides another example of Snowflake’s AI technology being used in commercial applications. QAD | Redzone’s ChampionAI, Powered by Snowflake Cortex AI
Positive Sentiment: Scotiabank raised its fiscal 2027 EPS estimate for Snowflake to a loss of $1.32 per share from a projected loss of $1.81 and maintained a “Sector Outperform” rating with a $440 price target. Scotiabank estimate update
Positive Sentiment: Analyst commentary continues to highlight Snowflake’s faster growth, expanding customer base, and increasing AI adoption relative to Adobe, while momentum-focused coverage may attract additional investor interest. Snowflake vs. Adobe: Which Enterprise AI Stock Is a Better Buy?
Neutral Sentiment: Snowflake’s support for UAE entrepreneurs building AI startups expands its ecosystem and international visibility, although the near-term financial impact is unclear. Snowflake backs UAE entrepreneurs building AI startups
Negative Sentiment: The bullish growth case comes with valuation risk: Snowflake trades at a substantially richer valuation than Adobe despite continuing to report losses, leaving the stock vulnerable if AI growth or profitability disappoints. Snowflake versus Adobe valuation comparison

About Snowflake

(Get Free Report)

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.