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Slootman Frank sells Snowflake (SNOW) stock worth $17.7 million
| USA | economy | ✓ Verified - investing.com

Slootman Frank sells Snowflake (SNOW) stock worth $17.7 million

#Snowflake #Frank Slootman #Insider Trading #Stock Sales #NASDAQ:SNOW #Cloud Data Platform #AI Competition #Analyst Ratings

📌 Key Takeaways

  • Frank Slootman sold 105,900 shares of Snowflake stock worth $17.7 million on February 18, 2026
  • The transactions consisted of four separate sales with prices ranging from $175.438 to $178.126 per share
  • Despite the stock being down 18% year-to-date, analysts predict Snowflake will be profitable this year
  • Snowflake faces new competition from Google's BigQuery platform feature

📖 Full Retelling

Snowflake Inc. (NASDAQ:SNOW) director Frank Slootman sold 105,900 shares of common stock on February 18, 2026, for approximately $17.7 million in multiple transactions, as reported in a Form 4 filing with the Securities and Exchange Commission. The sales consisted of four separate transactions with prices ranging from $175.438 to $178.126 per share. Specifically, 9,275 shares were sold at a weighted average price of $175.438, totaling $1,627,139. An additional 53,436 shares were sold at $176.697, for $9,430,588, followed by 34,781 shares at $177.537 worth $6,174,276, and finally 2,508 shares at $178.126 amounting to $446,784. Interestingly, on the same day, Slootman exercised stock options to acquire 100,000 shares of Snowflake common stock at $8.88 per share, for a total value of $888,000. Following these transactions, Slootman directly owns 50,329 shares and indirectly owns 207,862 shares of Snowflake through various trusts. The stock currently trades at $179.20, down 18% year-to-date, though InvestingPro analysis suggests the company remains undervalued at current levels. In other recent developments, KeyBanc has revised its price target for Snowflake downward to $235 from $285 while maintaining an Overweight rating, following a survey showing positive customer spending intentions. Meanwhile, Jefferies has reiterated a Buy rating with a $300 price target, highlighting Snowflake's AI advantages and growing revenue performance obligations. Additionally, United Rentals has deployed an AI-powered Business Intelligence Agent using Snowflake's platform across its 1,600+ branches. Snowflake also faces new competition as Google introduced a feature for its BigQuery platform enabling data queries across multiple locations.

🏷️ Themes

Insider Trading, Corporate Developments, Market Competition

📚 Related People & Topics

Insider trading

Insider trading

Trading using nonpublic information

# Insider Trading **Insider trading** is the trading of a public company's stock or other securities (such as bonds or stock options) based on **material, nonpublic information** about the company. While the practice is common, its legality is subject to complex regulations that vary significantly ...

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Snowflake

Snowflake

Ice crystals that fall as snow

A snowflake is a single ice crystal that is large enough to fall through the Earth's atmosphere as snow. Snow appears white in color despite being made of clear ice. This is because the many small crystal facets of the snowflakes scatter the sunlight between them.

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Frank Slootman

Frank Slootman

Technology CEO and businessman (born 1958)

Frank Slootman (born 1958) is a businessman and author known for growing companies founded by others. Slootman has taken three companies through an initial public offering.

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Entity Intersection Graph

Connections for Insider trading:

🌐 SEC filing 5 shared
👤 New York Stock Exchange 4 shared
👤 Rachel Haurwitz 3 shared
🌐 ZWS 2 shared
🌐 Biopharmaceutical 2 shared
View full profile

Deep Analysis

Why It Matters

The sale of $17.7 million in Snowflake shares by CEO Frank Slootman signals a significant insider transaction that can influence investor perception and market sentiment. It also highlights the company's valuation dynamics as analysts debate whether the stock remains undervalued despite recent price target revisions.

Context & Background

  • CEO Frank Slootman sold 105,900 shares worth $17.7 million
  • Snowflake's stock is trading at $179.20, down 18% year-to-date
  • Analysts have revised price targets and noted potential undervaluation
  • Snowflake faces competition from Google BigQuery
  • Company recently exercised stock options for 100,000 shares

What Happens Next

Snowflake's stock may experience short-term volatility as traders react to the insider sale and the company's upcoming earnings report. Analysts will monitor whether the company meets its profitability forecast and how competition from Google BigQuery impacts its market share. Additionally, regulatory scrutiny of insider trading practices could prompt further disclosures from the company.

Frequently Asked Questions

Why did Slootman sell shares?

He may have diversified his holdings or had personal financial needs.

Does the sale affect Snowflake's stock price?

Insider sales can influence investor sentiment but the impact depends on market perception.

What is the significance of the option exercise?

It shows Slootman still believes in the company's long-term value.

Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry U.S. stocks end lower after hawkish Fed minutes; Walmart guidance falls short Gold largely flat as investors weigh geopolitical tensions, hawkish Fed minutes Berenberg sees more than 50% upside in this small-cap software stock Morgan Stanley identifies best gas stocks amid AI data center boom (South Africa Philippines Nigeria) Slootman Frank sells Snowflake stock worth $17.7 million By Investing.com Insider Trading Published 02/19/2026, 07:37 PM Slootman Frank sells Snowflake stock worth $17.7 million 0 SNOW 1.77% Director Frank Slootman of Snowflake Inc. (NASDAQ:SNOW) sold 105,900 shares of common stock on February 18, 2026, for approximately $17.7 million. The sales occurred in multiple transactions with prices ranging from $175.438 to $178.126. The stock currently trades at $179.20, down 18% year-to-date, though InvestingPro analysis suggests the company remains undervalued at current levels, placing it among stocks on the Most Undervalued list. According to a Form 4 filing with the Securities and Exchange Commission, the sales consisted of four separate transactions. 9,275 shares were sold at a weighted average price of $175.438, resulting in a total value of $1,627,139. An additional 53,436 shares were sold at a weighted average price of $176.697, for a total of $9,430,588. Furthermore, 34,781 shares were sold at a weighted average price of $177.537, totaling $6,174,276. The final transaction involved the sale of 2,508 shares at a weighted average price of $178.126, amounting to $446,784. On the same day, Slootman also exercised stock options to acquire 100,000 shares of Snowflake common stock at a price of $8.88 per share, for a total value of $888,000. Following these transactions, Slootman directly owns 50,329 shares and indirectly owns 207,862 shares of Snowflake through various trusts. According to an InvestingPro tip, analysts predict the company will be profitable this year, a notable shift for th...
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