Frank Slootman, serving as a director at Snowflake Inc. (NASDAQ:SNOW), has finalized a substantial divestment of company equity. The transactions, which occurred on July 20 and July 21, 2026, resulted in the sale of common stock valued at approximately $82.3 million. These dispositions were carried out in accordance with a pre-arranged 10b5-1 trading plan that Slootman adopted on September 19, 2025. The execution of this plan involved the sale of 300,000 shares of Snowflake common stock.
The shares were liquidated at prices ranging from $267.765 to $278.24 per share. This timing aligns with the stock trading near its 52-week high of $285. The sales come after Snowflake experienced a strong 28% gain over the past six months. Prior to these sales, Slootman acquired 300,000 shares of common stock through the exercise of fully vested stock options on the same dates. These options were exercised at a price of $8.88 per share, for a total value of approximately $2.66 million. According to InvestingPro analysis, Snowflake currently appears overvalued relative to its Fair Value, with the company posting 31% revenue growth despite remaining unprofitable over the last twelve months.
Following these reported transactions, Slootman directly holds 28,535 shares of common stock. Additionally, he holds shares indirectly through various trusts: 16,300 shares via the Slootman Grandchildren’s Trust, 78,893 shares via the Slootman 2023 Children’s Trust, and 56,331 shares via the F. Slootman 2024 Grantor Retained Annuity Trust, for which he serves as a trustee. An additional 56,331 shares are held by the B. Slootman 2024 Grantor Retained Annuity Trust, for which his spouse is the trustee.
In other recent news, Snowflake Inc. announced a compensation package for CEO Sridhar Ramaswamy, valued at up to $448 million. This package is tied to the company’s market capitalization nearly doubling over the next seven years. Additionally, Unlimitail has chosen Snowflake to power its retail media network, utilizing Snowflake’s Data Clean Rooms technology to build a Global Retail Media Data Hub. In analyst updates, Jefferies raised its price target on Snowflake shares to $310, maintaining a Buy rating, citing positive indicators in the data cloud sector. UBS also reiterated its Buy rating on Snowflake, setting a price target of $370, highlighting the potential revenue growth from AI models. Meanwhile, Citizens raised its price target on Cloudflare Inc. to $330, maintaining a Market Outperform rating, despite noting challenges in the software sector. These developments reflect the ongoing interest and strategic moves in the data and cloud computing industries.
The financial metrics and market movements associated with Snowflake highlight the complex interplay between executive compensation, insider trading activity, and analyst sentiment. The substantial stock sale by Slootman, while executed under a pre-arranged plan, occurs against a backdrop of significant price appreciation. The company's revenue growth of 31% stands in contrast to its continued lack of profitability over the last twelve months. This dynamic is further complicated by the overvaluation relative to Fair Value as indicated by InvestingPro analysis. The market's reaction to these factors will be closely watched by investors monitoring the data cloud sector.