Insider Selling: Snowflake (NYSE:SNOW) Director Sells 100,000 Shares of Stock

02 Jun 2026, 01:08 by Mitch Edgeman · The Markets Daily

Snowflake Inc. (NYSE:SNOW – Get Free Report) Director Mark Garrett sold 100,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $250.00, for a total value of $25,000,000.00. Following the completion of the sale, the director directly owned 8,801 shares of the company’s stock, valued at $2,200,250. The trade was a 91.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Snowflake Stock Up 10.0%

Snowflake stock traded up $25.59 on Monday, hitting $281.14. 20,140,709 shares of the stock traded hands, compared to its average volume of 9,986,376. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The firm has a market cap of $97.19 billion, a P/E ratio of -79.87 and a beta of 1.35. The business’s fifty day simple moving average is $158.80 and its 200 day simple moving average is $190.47. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $284.99.

Snowflake (NYSE:SNOW – Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.The company’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 earnings per share. As a group, sell-side analysts forecast that Snowflake Inc. will post -2.2 earnings per share for the current year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Snowflake’s latest quarter was described as its best in years, with accelerating growth and improved profitability signaling that the business is re-accelerating after concerns about slowing demand. Snowflake’s Best Quarter In Years: One Product Made It Happen
Positive Sentiment: Analysts and media commentary highlighted Snowflake’s position in AI, with Jim Cramer saying the company understands the transition to AI and expects the post-earnings rally to continue. Jim Cramer Notes “Snowflake Understands the Transition to AI” Jim Cramer Expects Snowflake’s Post-Quarter Rally to “Roll On”
Positive Sentiment: Snowflake announced new ecosystem activity, including Redpoint’s Identity Studio on the Snowflake Marketplace and Trust3 AI’s integration to govern MCP-based data access, reinforcing Snowflake’s role in enterprise AI infrastructure. Redpoint Launches Identity Studio on Snowflake Marketplace Trust3 AI Announces Integration with Snowflake to Govern MCP-Based Data Access and Accelerate Trusted Enterprise AI
Positive Sentiment: Investor sentiment toward software stocks improved broadly as AI fears faded, which is helping lift Snowflake alongside peers. 5 Software Stocks That Could Keep Soaring as AI Disruption Fears Fade
Neutral Sentiment: Snowflake also drew attention after reports of a large AWS infrastructure agreement and acquisition activity tied to AI governance, which may strengthen its long-term moat but is still being evaluated by investors. Snowflake signs $6bn infrastructure agreement with AWS Snowflake Buys Natoma To Govern The Agents Acting On Its Data
Negative Sentiment: Some coverage cautioned that after the sharp rally, upside may be more limited from here, and a stock sale by former CEO Frank Slootman could be viewed as a mild overhang. Should You Buy Snowflake Stock After Its Recent Surge? The Answer Might Surprise You. Frank Slootman Sells 400,000 Shares of Snowflake (NYSE:SNOW) Stock

Institutional Investors Weigh In On Snowflake

A number of large investors have recently made changes to their positions in the company. Allen Capital Group LLC grew its stake in shares of Snowflake by 3.3% during the 1st quarter. Allen Capital Group LLC now owns 22,996 shares of the company’s stock valued at $3,468,000 after acquiring an additional 742 shares during the period. Glenmede Trust Co. NA lifted its holdings in Snowflake by 10.5% in the 1st quarter. Glenmede Trust Co. NA now owns 1,928 shares of the company’s stock worth $291,000 after purchasing an additional 183 shares in the last quarter. Verus Capital Partners LLC lifted its holdings in Snowflake by 65.5% in the 1st quarter. Verus Capital Partners LLC now owns 2,031 shares of the company’s stock worth $306,000 after purchasing an additional 804 shares in the last quarter. CTC Alternative Strategies Ltd. purchased a new position in Snowflake in the 1st quarter worth approximately $739,000. Finally, Groupe la Francaise lifted its holdings in Snowflake by 252,424.0% in the 1st quarter. Groupe la Francaise now owns 63,131 shares of the company’s stock worth $9,491,000 after purchasing an additional 63,106 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SNOW. Zacks Research raised Snowflake from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Scotiabank reiterated an “outperform” rating on shares of Snowflake in a report on Thursday. Needham & Company LLC lifted their price objective on Snowflake from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on Snowflake from $245.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Stifel Nicolaus lifted their price objective on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $284.38.

View Our Latest Analysis on SNOW

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.