Snowflake (SNOW) Stock: Director Dumps $97M in Shares Near 52-Week High
TLDR
- Snowflake director Frank Slootman sold 348,020 shares on August 18-19, 2026, for $97.4 million total.
- Sales were priced between $319.07 and $333.37 per share, all under a pre-arranged 10b5-1 trading plan.
- Slootman’s direct stake dropped by nearly 90%, leaving him with just 28,535 shares.
- SNOW trades around $321, up 65% over the past year and near its 52-week high of $341.95.
- Analysts remain mostly bullish: 34 Buy ratings, 5 Holds, 1 Sell, with a consensus price target of $320.65.
Snowflake (SNOW) director Frank Slootman sold 348,020 shares across August 18 and 19, 2026, pulling in $97.4 million. The stock was trading between $319.07 and $333.37 per share at the time of the sales.
SNOW is currently priced around $321, sitting close to its 52-week high of $341.95. The stock is up 65% over the past year.
The sales were carried out under a Rule 10b5-1 trading plan that Slootman put in place on September 19, 2025. These plans are pre-scheduled in advance and are a standard way for executives to sell stock without running into insider trading issues.
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