Snowflake (NYSE:SNOW) Director Frank Slootman Sells 102,791 Shares

Posted by Brenda Bartman on Sep 22nd, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) Director Frank Slootman sold 102,791 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $335.22, for a total transaction of $34,457,599.02. Following the sale, the director directly owned 19,024 shares of the company’s stock, valued at approximately $6,377,225.28. The trade was a 84.38% decrease in their position. The transaction was disclosed in a 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 Friday, September 18th, Frank Slootman sold 197,209 shares of Snowflake stock. The stock was sold at an average price of $334.10, for a total value of $65,887,526.90.
On Wednesday, September 16th, Frank Slootman sold 8,191 shares of Snowflake stock. The stock was sold at an average price of $318.51, for a total value of $2,608,915.41.
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 value 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $250.00, for a total value of $25,000.00.

Snowflake Price Performance

NYSE SNOW traded down $3.25 on Tuesday, hitting $336.14. 4,958,236 shares of the company were exchanged, compared to its average volume of 5,370,478. The firm has a 50 day moving average of $313.36 and a two-hundred day moving average of $233.15. The company has a market cap of $118.59 billion, a P/E ratio of -105.70 and a beta of 1.33. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $384.56.

Snowflake (NYSE:SNOW – Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company posted $0.35 EPS. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. On average, equities analysts predict that Snowflake Inc. will post -1.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on SNOW shares. Argus lifted their target price on Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Piper Sandler reaffirmed an “overweight” rating and set a $450.00 price target (up from $320.00) on shares of Snowflake in a research note on Thursday, September 3rd. Wells Fargo & Company raised their price target on Snowflake from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Oppenheimer lifted their price objective on Snowflake from $400.00 to $475.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Finally, Raymond James Financial boosted their price objective on Snowflake from $275.00 to $425.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Thirty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $414.24.

Get Our Latest Research Report on SNOW

More Snowflake News

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Jim Cramer said Snowflake has “caught fire in recent months” after meeting with the company, reinforcing the bullish view that its data platform is benefiting from increased enterprise software and AI demand. Jim Cramer Notes Snowflake
Positive Sentiment: A recent investment analysis argued that Snowflake’s recovery and long-term growth potential may still justify further upside, citing a roughly $425 Street target compared with a current price near $332. This is an analyst-style opinion rather than new company guidance. Snowflake Stock Is Up 45 Percent in a Year
Neutral Sentiment: Former Snowflake CFO Mike Scarpelli joined ClickHouse’s board as that company’s run-rate revenue surpassed $350 million. The appointment highlights competition in the data-platform market but does not directly change Snowflake’s fundamentals. ClickHouse Appoints Mike Scarpelli
Negative Sentiment: Director Frank Slootman sold a combined 300,000 shares for approximately $100.3 million across September 18 and 21, reducing his direct ownership by more than 84% to 19,024 shares. Although the sales were made under a pre-arranged trading plan, their size may encourage profit-taking concerns. SEC insider transaction filing
Negative Sentiment: Executive Vice President Christian Kleinerman sold 2,622 shares worth about $903,000 to cover tax withholding tied to vested equity awards. Because the transaction was tax-related and represented only a 0.79% reduction in his holdings, it is a relatively weak bearish signal. SEC insider transaction filing
Negative Sentiment: A report describes an autonomous AI security agent identifying and exploiting a vulnerability in Snowflake’s GitHub repository. The potential security and reputational implications may concern investors, though the report does not indicate a customer-data breach or operational disruption. Snowflake GitHub vulnerability report

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SNOW. Allstate Corp grew its position in shares of Snowflake by 108.1% during the 4th quarter. Allstate Corp now owns 24,497 shares of the company’s stock worth $5,374,000 after buying an additional 12,724 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Snowflake in the 2nd quarter valued at approximately $1,399,000. Janney Montgomery Scott LLC boosted its stake in Snowflake by 105.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 92,937 shares of the company’s stock worth $14,017,000 after acquiring an additional 47,601 shares during the last quarter. Temasek Holdings Private Ltd boosted its stake in Snowflake by 96.6% during the 4th quarter. Temasek Holdings Private Ltd now owns 368,528 shares of the company’s stock worth $80,840,000 after acquiring an additional 181,101 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its holdings in Snowflake by 395.3% during the first quarter. Diversify Wealth Management LLC now owns 123,007 shares of the company’s stock valued at $17,371,000 after purchasing an additional 98,172 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Snowflake Company Profile

(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.