Key Highlights
- Emily Ho, Snowflake’s Chief Accounting Officer, offloaded 1,860 shares at $232.245 apiece on June 24, 2026, totaling $431,975.
- Shares were changing hands at $248.96 when the regulatory filing was submitted, representing a gain above Ho’s sale price.
- Recent months saw significant insider activity, notably director Frank Slootman disposing of 437,076 shares worth over $110 million during May.
- The cloud data platform company exceeded quarterly projections with EPS of $0.39 against a $0.32 estimate, while revenue surged 33.5% annually to $1.39 billion.
- Wall Street maintains optimism with a collective “Moderate Buy” recommendation and a mean price objective of $293.53.
On June 24, 2026, Emily Ho, serving as Snowflake’s Chief Accounting Officer, completed a transaction involving 1,860 shares of SNOW stock at $232.245 each, generating proceeds of $431,975. The shares had appreciated to $248.96 by the filing date—showing upward momentum beyond her transaction price.
Following this divestment, Ho maintains direct ownership of 41,283 shares, which includes equity linked to restricted stock units yet to vest.
This transaction represents just one piece of broader insider activity at the cloud computing firm. Frank Slootman, a company director, executed a substantial sale of 437,076 shares on May 29 at an average of $252.43 per share, collecting more than $110 million. This divestiture occurred through a predetermined Rule 10b5-1 plan and trimmed his stake by approximately 92%.
Another director, Michael Speiser, previously divested 50,338 shares during April at $148.21 each. Collectively, company insiders have disposed of 1,702,704 shares generating approximately $390 million throughout the most recent quarter. Current insider ownership represents roughly 4.80% of outstanding shares.
Institutional Money Flows In Opposite Direction
Contrary to insider selling patterns, institutional capital has been accumulating SNOW shares. Union Bancaire Privee UBP SA expanded its holdings by an impressive 521.5% during the first quarter, concluding with 224,795 shares valued near $33 million.
Brighton Jones LLC increased its allocation by 90% in the fourth quarter. Intech Investment Management boosted its stake by 24% during Q1. Institutional ownership now encompasses approximately 65% of all SNOW shares.
SNOW commenced trading Friday at $248.29. The equity has fluctuated within a 52-week band of $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 an $86.06 billion market capitalization.
Snowflake’s most recent quarterly disclosure, published May 27, revealed earnings per share of $0.39—surpassing the Street’s $0.32 projection by $0.07. Revenue registered at $1.39 billion, exceeding the $1.32 billion forecast and representing a 33.5% year-over-year expansion.
The enterprise continues operating at a deficit. Net margin registers at -23.79%, accompanied by a negative return on equity of -50.50%. Analyst forecasts anticipate full-year EPS of -$1.87.
Wall Street Maintains Constructive Outlook
The wave of insider dispositions hasn’t dampened professional analyst enthusiasm. JPMorgan elevated its price objective to $285 while maintaining an “Overweight” stance following first quarter performance. Truist adjusted its target upward to $300, referencing encouraging developments from Snowflake Summit 2026. UBS reaffirmed its “Buy” recommendation with a $370 projection.
Sanford Bernstein increased its target to $250 while preserving a “Market Perform” designation. Evercore adopts a more conservative $200 objective.
Among 41 professional assessments, 34 recommend buying, five suggest holding, and one advises selling—including one Strong Buy rating. The consensus price target lands at $293.53.
On the operational front, Unlimitail chose Snowflake’s infrastructure to drive a retail media network leveraging Data Clean Rooms capabilities. Meanwhile, rival Databricks announced its data warehousing division achieved a $1.5 billion annualized revenue run rate, propelled by artificial intelligence demand.
SNOW demonstrates a year-to-date price appreciation of 3.51%, with typical daily volume hovering around 8.6 million shares.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
