Frank Slootman Sells 251,010 Shares of Snowflake (NYSE:SNOW) Stock

Posted by Geri Gentry on Aug 20th, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) Director Frank Slootman sold 251,010 shares of Snowflake stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $325.53, for a total transaction of $81,711,285.30. Following the transaction, the director directly owned 28,535 shares of the company’s stock, valued at $9,288,998.55. This represents a 89.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Wednesday, August 19th, Frank Slootman sold 48,990 shares of Snowflake stock. The stock was sold at an average price of $320.78, for a total value of $15,715,012.20.
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 transaction 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 value 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 transaction of $25,000.00.
On Thursday, June 18th, Frank Slootman sold 200,000 shares of Snowflake stock. The stock was 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 shares were 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 stock was 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 transaction of $93,368,000.00.

Snowflake Trading Down 1.5%

Snowflake stock traded down $4.97 during trading hours on Thursday, reaching $320.04. The company had a trading volume of 3,174,131 shares, compared to its average volume of 4,958,223. 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 firm has a market cap of $110.93 billion, a price-to-earnings ratio of -90.92 and a beta of 1.33. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $341.95. The company has a 50-day moving average price of $275.49 and a 200 day moving average price of $207.94.

Snowflake (NYSE:SNOW – Get Free Report) last announced its 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 company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. Equities analysts forecast that Snowflake Inc. will post -1.81 earnings per share for the current year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: New AI model-routing capabilities strengthen Snowflake’s enterprise offering. The company introduced dynamic model routing in its Cortex AI Gateway and flagship products, allowing customers to direct workloads among multiple AI models based on task complexity, governance requirements and cost. The feature could reduce vendor dependence, improve efficiency and support Snowflake’s positioning as an enterprise AI platform. Snowflake introduces dynamic model routing to enhance AI efficiency
Positive Sentiment: Analysts raised their targets and maintained bullish ratings. Truist lifted its target from $300 to $375 and assigned a “buy” rating, while Bank of America raised its target from $330 to $395 and also rated the shares “buy.” These revisions reflect confidence in Snowflake’s AI momentum and provide potential upside according to the firms. Analyst price-target updates
Positive Sentiment: AI adoption remains a key growth driver. A recent analysis said Snowflake’s AI-related products are helping generate 34% product-revenue growth, while model routing may improve customer flexibility and strengthen its competitive position in enterprise AI. Snowflake rides on AI momentum
Neutral Sentiment: Competitive comparisons may temper enthusiasm. Analysts highlighted Snowflake’s rapid AI adoption but argued Dell Technologies may offer stronger earnings momentum, AI-server demand and business diversification. This could lead some investors to favor other AI-related opportunities. Snowflake versus Dell
Negative Sentiment: Cybersecurity concerns and broader AI-cloud selling are weighing on sentiment. A report described a Snowflake vulnerability that reportedly evaded AI-based security checks and was exploited by another AI system. Separately, selling across AI-cloud stocks has been linked to financing concerns, creating pressure even as Snowflake’s long-term AI outlook remains positive. Snowflake security flaw report

Institutional Investors Weigh In On Snowflake

Several institutional investors have recently modified their holdings of SNOW. Proficio Capital Partners LLC bought a new stake in Snowflake in the 2nd quarter worth about $388,000. Nwam LLC purchased a new stake in shares of Snowflake during the 2nd quarter valued at about $668,000. Rehmann Capital Advisory Group raised its holdings in shares of Snowflake by 16.0% during the second quarter. Rehmann Capital Advisory Group now owns 1,708 shares of the company’s stock valued at $435,000 after purchasing an additional 235 shares during the last quarter. Montanova Capital LLC bought a new position in Snowflake during the second quarter valued at approximately $1,425,000. Finally, Advocacy Wealth Management LLC purchased a new stake in Snowflake in the second quarter worth approximately $1,686,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Citigroup reissued a “market outperform” rating on shares of Snowflake in a research note on Tuesday. Jefferies Financial Group upped their price target on shares of Snowflake from $310.00 to $385.00 and gave the stock a “buy” rating in a research note on Sunday. Evercore reissued an “outperform” rating and set a $360.00 price objective on shares of Snowflake in a research report on Monday, August 10th. DA Davidson raised their price objective on shares of Snowflake from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, HSBC set a $289.00 target price on shares of Snowflake and gave the stock a “buy” rating in a report on Friday, May 29th. Thirty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $320.65.

Get Our Latest Research Report on SNOW

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.