Snowflake (NYSE:SNOW) EVP Sells $6,000,000.00 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 20,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $300.00, for a total transaction of $6,000,000.00. Following the transaction, the executive vice president owned 375,379 shares of the company’s stock, valued at approximately $112,613,700. The trade was a 5.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 stock was sold at an average price of $300.00, for a total value of $2,995,800.00.
• 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 stock was sold at an average price of $240.00, for a total value of $716,640.00.
• On Tuesday, June 9th, Christian Kleinerman sold 2,729 shares of Snowflake stock. The shares were sold at an average price of $239.00, for a total value 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 value of $2,720,000.00.
• On Thursday, May 28th, Christian Kleinerman sold 100 shares of Snowflake stock. The stock was sold at an average price of $236.77, for a total value 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 Performance

Shares of SNOW stock traded up $14.55 during trading hours on Monday, reaching $307.83. 7,981,879 shares of the company’s stock were exchanged, compared to its average volume of 4,687,250. The company’s 50 day moving average is $253.43 and its two-hundred day moving average is $197.89. The company has a market cap of $106.69 billion, a P/E ratio of -87.45 and a beta of 1.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $315.42.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, May 27th. The company reported $0.39 EPS 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 analyst estimates of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The business’s revenue was up 33.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. Equities research analysts anticipate that Snowflake Inc. will post -1.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Snowflake

A number of institutional investors have recently modified their holdings of the business. Kemnay Advisory Services Inc. bought a new position in shares of Snowflake during the fourth quarter valued at approximately $28,000. Greenline Wealth Management LLC bought a new stake in shares of Snowflake in the 4th quarter worth approximately $29,000. Basecamp Wealth Advisors LLC boosted its position in Snowflake by 140.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after purchasing an additional 118 shares during the period. Physician Wealth Advisors Inc. boosted its position in Snowflake by 56.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after purchasing an additional 51 shares during the period. Finally, Emerald Advisers LLC grew its stake in Snowflake by 95.2% during the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: BTIG raises price target: BTIG Research increased its Snowflake price target from $325 to $340 and maintained a “buy” rating, implying further upside and signaling confidence in demand for Snowflake’s data-cloud and AI offerings. Snowflake To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Monday
• Positive Sentiment: AI-cloud rally lifts SNOW: Snowflake gained alongside CoreWeave and Oracle as a broad risk-on mood drove buying across AI infrastructure and cloud stocks. This indicates strong sector momentum, although the move is partly market-driven rather than specific to Snowflake. CoreWeave Jumps 11%, Snowflake Gains 6%, Oracle Climbs 5% as Risk-On Mood Lifts AI Cloud
• Positive Sentiment: Enterprise AI positioning: Coverage comparing Snowflake with Palantir highlights both companies’ recent results and their roles in the enterprise AI stack. Snowflake’s focus on trusted enterprise data and context supports the long-term growth narrative. Palantir vs. Snowflake: Which Growth Stock Is the Better Buy?
• Neutral Sentiment: Insider sales disclosed: EVP Christian Kleinerman sold a combined 29,986 shares for approximately $9 million under a pre-arranged Rule 10b5-1 trading plan. Because the sales were scheduled in advance and he retained about 375,379 shares, the transactions are a limited concern but may temper sentiment near recent highs. SEC insider trading filing

Analyst Ratings Changes

Several research analysts recently issued reports on SNOW shares. Morgan Stanley lifted their price objective on Snowflake from $245.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. DA Davidson upped their price target on shares of Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Evercore set a $200.00 price objective on Snowflake in a report on Tuesday, April 14th. KeyCorp boosted their target price on Snowflake from $285.00 to $325.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Jefferies Financial Group increased their target price on Snowflake from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Thirty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $296.68.

About Snowflake

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.