Frank Slootman Sells 289,685 Shares of Snowflake (NYSE:SNOW) Stock

Posted by Stanley Muller on Jul 30th, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) Director Frank Slootman sold 289,685 shares of the stock in a transaction on Monday, July 20th. The shares were sold at an average price of $274.39, for a total value of $79,486,667.15. Following the sale, the director owned 28,535 shares in the company, valued at approximately $7,829,718.65. This represents a 91.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 Tuesday, July 21st, Frank Slootman sold 10,315 shares of Snowflake stock. The stock was sold at an average price of $275.10, for a total value of $2,837,656.50.
On Monday, June 29th, Frank Slootman sold 99,900 shares of Snowflake stock. The shares were sold at an average price of $251.73, for a total transaction of $25,147,827.00.
On Friday, June 26th, Frank Slootman sold 100 shares of Snowflake stock. The shares were 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 value of $44,854,000.00.
On Tuesday, June 16th, Frank Slootman sold 8,066 shares of Snowflake stock. The stock was sold at an average price of $240.00, for a total value of $1,935,840.00.
On Monday, June 1st, Frank Slootman sold 162,924 shares of Snowflake stock. The shares were sold at an average price of $263.70, for a total transaction of $42,963,058.80.
On Friday, May 29th, Frank Slootman sold 437,076 shares of Snowflake stock. The shares were sold at an average price of $252.43, for a total transaction of $110,331,094.68.
On Thursday, May 28th, Frank Slootman sold 400,000 shares of Snowflake stock. The stock was 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 value of $9,770,382.00.
On Tuesday, May 19th, Frank Slootman sold 144,650 shares of Snowflake stock. The shares were sold at an average price of $175.45, for a total value of $25,378,842.50.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $283.55 on Thursday. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $293.56. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $98.28 billion, a PE ratio of -80.55 and a beta of 1.35. The firm has a fifty day moving average price of $245.62 and a 200-day moving average price of $196.12.

Snowflake (NYSE:SNOW – Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 33.5% on a year-over-year basis. Equities analysts anticipate that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Snowflake

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Snowflake by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after acquiring an additional 1,448,094 shares during the period. Jennison Associates LLC raised its stake in shares of Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. Nuveen LLC lifted its holdings in Snowflake by 2.3% in the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after acquiring an additional 116,521 shares during the period. Geode Capital Management LLC lifted its stake in shares of Snowflake by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock valued at $1,052,195,000 after purchasing an additional 249,668 shares during the period. Finally, Norges Bank acquired a new position in shares of Snowflake in the 4th quarter valued at $974,091,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SNOW. Monness Crespi & Hardt boosted their price target on shares of Snowflake from $282.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Jefferies Financial Group boosted their target price on Snowflake from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Bank of America upped their price target on shares of Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Citizens Jmp reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Snowflake in a research report on Tuesday, May 19th. Finally, Rosenblatt Securities upped their price objective on shares of Snowflake from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Thirty-four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.27.

View Our Latest Research Report on Snowflake

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: New AI governance products strengthen Snowflake’s enterprise positioning. Snowflake launched the Cortex AI Gateway and related security innovations to provide centralized monitoring, activity controls, cost management and secure interoperability for AI agents. These tools address major barriers to corporate AI adoption and could increase platform usage as customers scale agentic-AI deployments. Snowflake launches AI agent governance layer to track activity, control costs
Positive Sentiment: Analysts see significant additional upside. Wells Fargo reportedly reiterated a bullish view, citing an opportunity for the software stock to gain as much as 85% after its earlier decline. Snowflake’s enterprise-AI expansion, security features and product-revenue guidance calling for approximately 30% growth are supporting the optimistic outlook. Wells Fargo says this software stock can surge 85%
Positive Sentiment: Partnership activity reinforces the AI-security narrative. 1Password joined Snowflake to address trusted agent interoperability, potentially improving the credibility and adoption of Snowflake’s security and governance offering. 1Password joins Snowflake to tackle AI security
Neutral Sentiment: Technical momentum has improved. A reported golden-cross setup and a cup-with-handle pattern suggest stronger chart momentum, with technical traders watching a potential breakout near the pattern’s entry level. Snowflake flashes golden cross after sell-off
Negative Sentiment: Heavy insider selling may concern investors. Director Frank Slootman sold roughly $79.5 million of shares on July 20 and another $2.8 million on July 21, while director Benoit Dageville sold approximately $18.4 million. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but they can still weigh on sentiment.

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.