{
  "id": 2291771,
  "title": "Snowflake director Frank Slootman sells $97.4m in shares",
  "url": "https://urgent.news/2026/08/21/snowflake-director-frank-slootman-sells-97-4m-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T03:17:21.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/snowflake-director-frank-slootman-sells-974m-in-shares-93CH-4870806"
  },
  "original_language": "en",
  "account": "Snowflake director Frank Slootman made significant share sales totaling $97.4 million on August 18 and 19, 2026. He sold 348,020 shares in the $319.065 to $333.372 price range, with the current stock trading at $321.29, close to its 52-week high of $341.95. Slootman's actions followed the exercise of options to acquire 300,000 shares at a price of $8.88 per share, amounting to $2,664,000. The transactions adhered to a pre-set 10b5-1 trading plan adopted by Slootman in September 2025. Despite the sales, Snowflake's revenue growth remains strong at 31%, although some analysts consider the company overvalued. Mr. Slootman currently holds 28,535 shares directly and indirectly through multiple trusts. Following the recent transactions, several analysts have updated their outlooks on Snowflake Inc. UBS raised the price target to $425, while TD Cowen and Stifel increased theirs to $370 and $350, respectively, citing strong demand trends in AI and increased CoCo usage. Morgan Stanley maintained an Overweight rating with a $300 price target, anticipating a 34% growth in second-quarter product revenue. JMP Securities upgraded Snowflake's stock rating, highlighting the rising demand for AI data.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}