Director Frank Slootman executed a sale of 7,874 shares of Snowflake Inc. (NASDAQ: SNOW) on March 17, 2026, for an aggregate amount of about $1.38 million, at a per-share price of $175.34, according to a Form 4 filed with the Securities and Exchange Commission. The transaction was carried out under a 10b5-1 trading plan established on September 19, 2025.
Earlier, on March 16, 2026, Slootman disposed of 1,638 shares of common stock at $178.66 per share to satisfy tax obligations; those shares represented proceeds totaling $292,645. Following these dispositions, Slootman’s direct ownership in Snowflake stands at 38,046 shares. He also maintains indirect holdings via several trusts, including the Slootman Grandchildren’s Trust, the Slootman 2023 Children’s Trust, the F. Slootman 2024 Grantor Retained Annuity Trust, and the B. Slootman 2024 Grantor Retained Annuity Trust.
At the time of reporting, Snowflake shares were trading at $173.25, which is below a cited Fair Value estimate of $178.76, implying that the stock may be trading at a discount relative to that appraised value.
On the company financial front, Snowflake - the cloud data specialist valued at $59.3 billion - recorded $1.23 billion in product revenue for the quarter, reflecting 30% year-over-year growth. That product revenue figure beat the high end of guidance by $27 million and was supported in part by a $400 million deal with a financial services customer.
Snowflake’s remaining performance obligations rose to $9.77 billion, a 42% increase from the prior year period. Despite the revenue momentum, the company remains unprofitable over the last twelve months, though revenue has advanced by 29% during that span.
Analyst responses to Snowflake’s quarterly disclosures have been mixed, with several firms adjusting price targets and reiterating or modifying ratings:
- Macquarie trimmed its price target to $177 from $250 and retained a Neutral rating, citing valuation concerns.
- TD Cowen lowered its target to $255 from $270 but kept a Buy rating, noting 30% growth in the fourth quarter.
- Stifel reduced its price target to $205 from $225 while maintaining a Buy rating despite signs of moderated consumption growth during the holiday period.
- Bank of America Securities reiterated a Buy rating with a $275 price target following the company’s announcement of Project SnowWork, Snowflake’s new AI platform.
- Barclays kept an Equalweight rating with a $192 price target, pointing to Project SnowWork’s potential to accelerate business processes.
The insider sales and accompanying financial disclosures provide a snapshot of both executive liquidity events and the company’s ongoing top-line trajectory. Slootman’s sales were executed under the predetermined trading plan noted in the SEC filing, and his remaining direct and indirect holdings are delineated in that same filing.
While Snowflake continues to expand product revenue and backlog metrics such as remaining performance obligations, it remains unprofitable on a trailing-twelve-month basis. Analysts have reacted with a range of target adjustments and ratings that reflect differing views on valuation and the company’s growth quality.