Snowflake (SNOW) Stock: Insiders Dump $390M While Analysts Maintain Strong Buy Ratings
Key Takeaways
- Chief Accounting Officer Emily Ho offloaded 1,860 SNOW shares at $232.245 apiece, generating proceeds of $431,975 on June 24, 2026.
- The stock was priced at $248.96 when the transaction was disclosed, representing a gain over Ho’s sale price.
- Recent months have witnessed significant insider disposals, notably director Frank Slootman’s May divestment of 437,076 shares worth more than $110 million.
- The cloud data company’s latest quarterly earnings exceeded Wall Street forecasts — posting $0.39 earnings per share against $0.32 projections, while revenue surged 33.5% annually to reach $1.39 billion.
- Wall Street maintains an optimistic stance with a “Moderate Buy” consensus and price target averaging $293.53.
On June 24, 2026, Emily Ho, serving as Snowflake’s Chief Accounting Officer, executed a sale of 1,860 SNOW shares priced at $232.245 each, totaling $431,975 in transaction value. When the regulatory filing became public, shares were changing hands at $248.96 — indicating the stock had appreciated beyond her disposal price.
Snowflake Inc., SNOW
Following this divestment, Ho maintains direct ownership of 41,283 shares, which encompasses holdings connected to unvested restricted stock units.
This transaction represents just one piece of a broader pattern of insider activity at Snowflake. On May 29, director Frank Slootman divested 437,076 shares at a mean price of $252.43, generating proceeds exceeding $110 million. This disposal occurred through a predetermined Rule 10b5-1 trading arrangement and slashed his stake by approximately 92%.
Director Michael Speiser similarly unloaded 50,338 shares in April at $148.21 each. Collectively, company insiders have disposed of 1,702,704 shares valued at approximately $390 million during the past quarter. Current insider ownership represents roughly 4.80% of outstanding shares.
Institutional Money Flows in Opposite Direction
Contrary to insider behavior, institutional capital has been accumulating SNOW positions. Union Bancaire Privee UBP SA expanded its holdings by an impressive 521.5% during Q1, concluding the period with 224,795 shares worth approximately $33 million.
Brighton Jones LLC increased its allocation by 90% in the fourth quarter. Intech Investment Management boosted its stake by 24% in Q1. Institutional ownership now comprises approximately 65% of SNOW’s shareholder base.
SNOW commenced Friday’s trading session at $248.29. The equity trades within a 52-week range spanning $118.30 to $284.99. The 50-day moving average rests at $191.99, considerably beneath current levels, while the 200-day average sits at $189.19. The company commands a market capitalization of $86.06 billion.
Snowflake’s most recent earnings announcement on May 27 revealed EPS of $0.39 — surpassing the $0.32 analyst consensus by $0.07. Revenue registered at $1.39 billion, exceeding expectations of $1.32 billion and representing a 33.5% year-over-year increase.
The organization continues operating at a deficit. Net margin stands at -23.79%, accompanied by a negative return on equity of -50.50%. Full-year EPS projections anticipate -$1.87.
Wall Street Maintains Confident Outlook
The wave of insider disposals hasn’t significantly altered analyst perspectives. JPMorgan elevated its price objective to $285 while maintaining an “Overweight” designation following Q1 results. Truist advanced its target to $300, pointing to encouraging signals from Snowflake Summit 2026. UBS confirmed its “Buy” stance with a $370 projection.
Sanford Bernstein lifted its target to $250 while preserving a “Market Perform” rating. Evercore maintains a more conservative $200 objective.
Among 41 analyst assessments, 34 recommend Buy, five suggest Hold, and one advises Sell — including one Strong Buy. The consensus price target reaches $293.53.
Regarding business developments, Unlimitail chose Snowflake’s infrastructure to support a retail media network utilizing Data Clean Rooms capabilities. Rival Databricks announced its data warehousing operations achieved a $1.5 billion annual run rate, fueled by artificial intelligence demand.
SNOW’s year-to-date price appreciation registers at 3.51%, with typical daily trading volume hovering around 8.6 million shares.
The post Snowflake (SNOW) Stock: Insiders Dump $390M While Analysts Maintain Strong Buy Ratings appeared first on Blockonomi.
You May Also Like
Ethereum koers toont zeldzaam dubbel koopsignaal en richt zich op $4.550
Fed Day Dry Powder: Cryptoquant Analyst Tracks $7.6B Stablecoin Pile on Exchanges
Michael Saylor’s Bitcoin Treasury Strategy Has Finally Hit Its Breaking Point
