Snowflake (NYSE:SNOW) Director Sells 8,191 Shares

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Sep 17, 2026 at 10:23 AM

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Snowflake Director Frank Slootman sold 8,191 shares for ~$2.61 million on Sept 16 via a Rule 10b5-1 plan to cover tax withholding, reducing his stake by 30.1%. This follows recent quarterly results where Snowflake beat estimates with $1.55B revenue (+35.1% YoY) and $0.62 EPS, though it reported a net loss. Analysts maintain a 'Moderate Buy' consensus with an average price target of $414.24.

Key Points

Director Frank Slootman sold 8,191 Snowflake shares at an average price of $318.51, generating approximately $2.61 million. The Rule 10b5-1 transaction was intended to cover tax withholding on vested equity awards and reduced his ownership by 30.1% to 19,024 shares.
Snowflake reported quarterly revenue of $1.55 billion and adjusted earnings of $0.62 per share, exceeding analyst estimates of $1.48 billion and $0.45, respectively. Revenue increased 35.1% year over year, although the company continued to report a net loss.
Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $414.24; targets include UBS at $500 and Barclays at $384. However, the stock’s high valuation and continuing losses present downside risk if AI-driven growth or profitability disappoints.

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 8,191 shares of Snowflake stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $318.51, for a total transaction of $2,608,915.41. Following the sale, the director owned 19,024 shares in the company, valued at $6,059,334.24. This represents a 30.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.

Could Snowflake's Big Quarter Be a Sign of More to Come?

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 stock was 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 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 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.
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.

Snowflake Trading Up 2.3%

SNOW opened at $330.26 on Thursday. The firm 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 52 week low of $118.30 and a 52 week high of $384.56. The business's 50 day moving average is $309.17 and its two-hundred day moving average is $229.61. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06.

Snowflake’s AI Momentum Is Forcing a Fresh Look at the Stock

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. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 earnings per share. On average, research analysts predict that Snowflake Inc. will post -1.57 EPS for the current year.

Snowflake News Roundup

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

Hedge Funds Weigh In On Snowflake

Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?

A number of large investors have recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new position in shares of Snowflake during the second quarter worth about $76,000. Sequoia Financial Advisors LLC lifted its position in Snowflake by 14.2% in the second quarter. Sequoia Financial Advisors LLC now owns 39,598 shares of the company's stock valued at $10,078,000 after purchasing an additional 4,927 shares during the period. MCF Advisors LLC boosted its holdings in Snowflake by 1,557.9% in the 2nd quarter. MCF Advisors LLC now owns 315 shares of the company's stock valued at $80,000 after purchasing an additional 296 shares in the last quarter. National Pension Service boosted its holdings in Snowflake by 3.3% in the 2nd quarter. National Pension Service now owns 690,349 shares of the company's stock valued at $175,694,000 after purchasing an additional 21,915 shares in the last quarter. Finally, Engineers Gate Manager LP increased its position in Snowflake by 434.3% during the 2nd quarter. Engineers Gate Manager LP now owns 156,869 shares of the company's stock worth $39,923,000 after purchasing an additional 127,511 shares during the period. Hedge funds and other institutional investors own 65.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Weiss Ratings reissued a "sell (e+)" rating on shares of Snowflake in a research report on Tuesday, September 8th. Barclays lifted their price objective on shares of Snowflake from $332.00 to $384.00 and gave the company an "equal weight" rating in a research note on Thursday, September 3rd. UBS Group increased their target price on shares of Snowflake from $425.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. HSBC set a $289.00 price target on Snowflake and gave the stock a "buy" rating in a report on Friday, May 29th. Finally, Benchmark boosted their price target on Snowflake from $290.00 to $360.00 and gave the company a "buy" rating in a research report on Tuesday, August 25th. Thirty-four 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. According to data from MarketBeat, Snowflake has a consensus rating of "Moderate Buy" and an average target price of $414.24.

Check Out Our Latest Stock Report on Snowflake

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.