Snowflake (SNOW) Director Frank Slootman Sells $95M of Stock

Snowflake Inc. director Frank Slootman sold 300,000 shares of the cloud data platform provider on October 19, 2026. The transaction was disclosed in a Form 4 filed with the Securities and Exchange Commission.

SNOW Snowflake Inc.

$322.73 ▲ +48.92% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Inside Frank Slootman's SNOW Trade

According to the SEC filing, Slootman unloaded 300,000 shares at an average price of $316.43 per share, totaling about $94.9 million. The sale was executed under a pre-planned trading schedule. Following this trade, Slootman directly holds 19,024 shares, which marks a 94.04% drop in his personal holding.

Other Institutional Activity in Snowflake Inc.

Large funds continue to adjust positions in the software maker. Jennison Associates LLC trimmed its holdings by 823,901 shares, ending with 6,340,455 shares valued at about $2.04 billion. Meanwhile, CTC grew its holdings by 5,916 shares, finishing with 8,529 shares worth roughly $2.14 million.

Snowflake Inc. Stock Up 5.2%

Snowflake shares recently changed hands around $322.88. The stock closed at $315.35 on the day of the director's trade. The shares trade below their 50-day moving average and sit below their 52-week high of $384.56.

Recent Earnings

For the trailing twelve months, the cloud software firm reported $5.43 billion in revenue alongside a net loss, yielding an earnings per share figure of -$3.18. The company operates with a negative net margin and negative return on equity. Its next financial update is slated for December 2, 2026.

Insider Buying and Selling at Snowflake Inc.

Prior to this recent transaction, company insiders executed several other sales earlier in the year. In June 2026, Frank Slootman sold 8,066 shares at $240 each, while executive Christian Kleinerman parted with 2,986 shares at the same price. Later that month, CEO Sridhar Ramaswamy sold 4,427 shares at $232.29 apiece, and Kleinerman executed an additional sale of 2,652 shares at $232.29.

Analysts Set New Price Targets

Wall Street firms maintain active coverage on the software developer. JP Morgan maintains an overweight rating with a target of $426, while Macquarie maintains a neutral rating with a target of $350. Goldman Sachs holds a buy rating with a target of $436, Argus Research maintains a buy rating with a $450 target, and Needham recently reiterated a buy rating with a $450 target. The stock currently holds a consensus strong buy recommendation across 48 analyst opinions.

About Snowflake Inc.

Snowflake provides a cloud-based data platform that lets organizations consolidate information into a single source. Its AI Data Cloud helps businesses generate insights, build data applications, and share data securely. Insider sales at the firm draw attention from market watchers as the company scales its enterprise artificial intelligence offerings.

Bottom Line

Investors will watch the company's upcoming earnings report on December 2, 2026, for fresh updates on platform growth and enterprise adoption. Future SEC filings will provide further insight into executive share ownership.