Frank Slootman Sells 11,299 Shares of Snowflake (NYSE:SNOW) Stock

20 Mar 2026, 20:12 by Renee Jackson · The Cerbat Gem

Snowflake Inc. (NYSE:SNOW – Get Free Report) Director Frank Slootman sold 11,299 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $175.25, for a total value of $1,980,149.75. Following the completion of the sale, the director directly owned 38,046 shares in the company, valued at $6,667,561.50. The trade was a 22.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

On Wednesday, March 18th, Frank Slootman sold 88,701 shares of Snowflake stock. The stock was sold at an average price of $175.93, for a total value of $15,605,166.93.
On Tuesday, March 17th, Frank Slootman sold 7,874 shares of Snowflake stock. The stock was sold at an average price of $175.34, for a total value of $1,380,627.16.
On Tuesday, March 10th, Frank Slootman sold 2,042 shares of Snowflake stock. The shares were sold at an average price of $182.44, for a total transaction of $372,542.48.
On Wednesday, February 18th, Frank Slootman sold 100,000 shares of Snowflake stock. The shares were sold at an average price of $176.91, for a total transaction of $17,691,000.00.
On Tuesday, January 20th, Frank Slootman sold 200,000 shares of Snowflake stock. The stock was sold at an average price of $206.77, for a total transaction of $41,354,000.00.

Snowflake Stock Down 4.2%

Snowflake stock traded down $7.34 during trading hours on Friday, hitting $168.07. 5,207,902 shares of the stock traded hands, compared to its average volume of 6,155,141. Snowflake Inc. has a one year low of $120.10 and a one year high of $280.67. The firm’s 50-day moving average price is $185.30 and its two-hundred day moving average price is $219.96. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The company has a market cap of $57.51 billion, a PE ratio of -42.55 and a beta of 1.16.

Snowflake (NYSE:SNOW – Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The business’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 EPS. On average, research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Argus upgraded shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Thursday, January 8th. Raymond James Financial reissued an “outperform” rating on shares of Snowflake in a research report on Monday, February 2nd. Truist Financial dropped their price objective on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 target price on shares of Snowflake in a research note on Monday, February 23rd. Finally, BTIG Research lowered their target price on shares of Snowflake from $312.00 to $235.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $248.58.

Read Our Latest Stock Report on Snowflake

Institutional Trading of Snowflake

Institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after acquiring an additional 29,320 shares during the period. Intech Investment Management LLC grew its stake in shares of Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after acquiring an additional 2,167 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares during the period. Avantax Advisory Services Inc. raised its holdings in shares of Snowflake by 6.2% during the second quarter. Avantax Advisory Services Inc. now owns 9,351 shares of the company’s stock valued at $2,092,000 after purchasing an additional 544 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in Snowflake by 56.0% during the second quarter. Kingsview Wealth Management LLC now owns 4,316 shares of the company’s stock valued at $966,000 after purchasing an additional 1,549 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Snowflake previewed Project SnowWork, an autonomous AI platform (research preview) designed to move customers from insights to automated workflows — a product expansion that could drive higher usage and upsell opportunities if adoption follows. Read article Snowflake Launches Project SnowWork
Positive Sentiment: Snowflake Ventures made a strategic investment in Bedrock Data to strengthen AI data governance and integrate its capabilities into Snowflake Horizon — this supports enterprise AI credibility and could reduce friction for customers adopting Snowflake’s AI offerings. Read article Bedrock Data Secures Strategic Investment
Neutral Sentiment: Analyst/features pieces continue to compare Snowflake favorably vs. peers (Alphabet) on AI adoption and customer growth — helpful for narrative and positioning, but not an immediate revenue guarantee. Read article Snowflake vs Alphabet: Which Cloud Analytics Stock Has an Edge Now?
Negative Sentiment: Snowflake announced targeted job cuts (including technical-writing roles) even after its ~$200M OpenAI partnership — the layoffs raise near-term execution and morale concerns and highlight cost tradeoffs while ramping AI investments. Read article Snowflake Cuts Jobs After $200M OpenAI Partnership
Negative Sentiment: Oppenheimer flagged that contribution margins from Cortex Code and AI workloads are lower than Snowflake’s core analytics workloads — implying AI revenue may be less profitable and could pressure overall margin expansion expectations. Read article Cortex Code and AI Workloads Contribution Margins
Negative Sentiment: Multiple law firms are circulating class-action notices and soliciting lead plaintiffs in a securities suit (April 27 deadline), creating a legal overhang that can weigh on sentiment and increase potential litigation costs. Read article Rosen Law Firm Investor Notice
Negative Sentiment: Recent insider sales (EVP Christian Kleinerman and Director Frank Slootman) were disclosed — large but not unusual — however such sales can add short-term selling pressure and feed negative sentiment. Read article Insider Sales Disclosure

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.