Christian Kleinerman Sells 10,000 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $297.00, for a total value of $2,970,000.00. Following the sale, the executive vice president directly owned 365,379 shares in the company, valued at $108,517,563. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Christian Kleinerman also recently made the following trade(s):

• On Friday, July 31st, Christian Kleinerman sold 9,986 shares of Snowflake stock. The shares were sold at an average price of $300.00, for a total transaction of $2,995,800.00.
• On Friday, July 31st, Christian Kleinerman sold 20,000 shares of Snowflake stock. The shares were sold at an average price of $300.00, for a total transaction of $6,000,000.00.
• On Wednesday, July 1st, Christian Kleinerman sold 2,500 shares of Snowflake stock. The stock was sold at an average price of $258.56, for a total transaction of $646,400.00.
• On Tuesday, June 23rd, Christian Kleinerman sold 2,621 shares of Snowflake stock. The shares were sold at an average price of $228.45, for a total transaction of $598,767.45.
• On Tuesday, June 16th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The shares were sold at an average price of $240.00, for a total transaction of $716,640.00.
• On Tuesday, June 9th, Christian Kleinerman sold 2,729 shares of Snowflake stock. The stock was sold at an average price of $239.00, for a total transaction of $652,231.00.
• On Monday, June 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $272.00, for a total transaction of $2,720,000.00.
• On Thursday, May 28th, Christian Kleinerman sold 100 shares of Snowflake stock. The shares were sold at an average price of $236.77, for a total transaction of $23,677.00.
• On Thursday, May 28th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $236.77, for a total transaction of $1,183,850.00.

Snowflake Stock Up 0.4%

Shares of NYSE:SNOW opened at $318.02 on Friday. The company has a market cap of $110.23 billion, a price-to-earnings ratio of -90.35 and a beta of 1.33. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $323.10. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average price of $260.67 and a 200 day moving average price of $200.20.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. As a group, equities research analysts predict that Snowflake Inc. will post -1.84 earnings per share for the current year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI platform expansion: Snowflake introduced Cortex AI Gateway, which helps enterprises govern AI agents, control costs and strengthen security. The product could increase Snowflake’s role in managing production-grade enterprise AI workloads. Snowflake Unveils Cortex AI Gateway
• Positive Sentiment: Growing ecosystem: Snowflake expanded its collaboration with phData to help customers deploy governed AI applications and modernize analytics. Zeotap also launched a composable customer-data-platform application on the Snowflake Marketplace, supporting broader platform adoption. phData and Snowflake Expand Collaboration
• Positive Sentiment: Constructive Wall Street view: BTIG issued a bullish outlook, while Snowflake’s average analyst rating remains “Moderate Buy.” Heavy activity in long-dated put options also indicates that some investors are willing to make bullish commitments at lower prices. BTIG Research Forecasts Strong Price Appreciation
• Neutral Sentiment: Upcoming updates: Snowflake will participate in investor conferences and is scheduled to report fiscal second-quarter 2027 results on September 2. Investors will look for evidence that AI demand is translating into consumption growth and improved profitability. Snowflake Investor Conferences
• Negative Sentiment: Security overhang: A Canadian hacker pleaded guilty to stealing data from more than 165 Snowflake customer environments and extorting victims. Although the case involves compromised customer credentials and a lack of multifactor authentication rather than a newly announced breach, it could renew concerns about platform security and reputational risk. Canadian Pleads Guilty to Snowflake Data Theft Attacks
• Negative Sentiment: Insider selling and valuation: EVP Christian Kleinerman sold 10,000 shares worth approximately $2.97 million under a pre-arranged Rule 10b5-1 plan. The sale is relatively small compared with his remaining stake, but repeated insider sales may concern investors after SNOW’s sharp rally and premium valuation. Christian Kleinerman Sells Snowflake Shares

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Canaccord Genuity Group raised their price target on Snowflake from $240.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Royal Bank Of Canada upped their price objective on Snowflake from $284.00 to $313.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Bank of America increased their target price on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Oppenheimer lifted their target price on Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Finally, Benchmark boosted their target price on shares of Snowflake from $200.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Thirty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $296.68.

Institutional Trading of Snowflake

A number of large investors have recently modified their holdings of the company. Assetmark Inc. lifted its holdings in Snowflake by 99.1% during the fourth quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock worth $43,577,000 after buying an additional 98,870 shares during the period. Jennison Associates LLC increased its holdings in shares of Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after acquiring an additional 2,519,413 shares during the period. Swedbank AB raised its position in shares of Snowflake by 6.0% in the 4th quarter. Swedbank AB now owns 1,330,415 shares of the company’s stock worth $291,840,000 after acquiring an additional 75,419 shares in the last quarter. Cache Advisors LLC raised its position in shares of Snowflake by 175.0% in the 4th quarter. Cache Advisors LLC now owns 11,132 shares of the company’s stock worth $2,442,000 after acquiring an additional 7,084 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Snowflake by 8.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 144,234 shares of the company’s stock worth $31,639,000 after purchasing an additional 10,972 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.