Snowflake (NYSE:SNOW) EVP Sells $5,123,550.00 in Stock

Posted by Doug Wharley on Oct 5th, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $341.57, for a total value of $5,123,550.00. Following the transaction, the executive vice president owned 313,738 shares in the company, valued at approximately $107,163,488.66. This trade represents a 4.56% decrease in their position. The sale was disclosed in a legal 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 Tuesday, September 22nd, Christian Kleinerman sold 2,622 shares of Snowflake stock. The stock was sold at an average price of $344.50, for a total transaction of $903,279.00.
On Wednesday, September 16th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The stock was sold at an average price of $318.51, for a total transaction of $951,070.86.
On Wednesday, September 9th, Christian Kleinerman sold 2,730 shares of Snowflake stock. The shares were sold at an average price of $335.72, for a total transaction of $916,515.60.
On Thursday, September 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $380.00, for a total transaction of $3,800,000.00.
On Tuesday, September 1st, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $325.57, for a total transaction of $4,883,550.00.
On Friday, August 7th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $325.00, for a total transaction of $1,625,000.00.
On Friday, August 7th, Christian Kleinerman sold 25,000 shares of Snowflake stock. The shares were sold at an average price of $325.00, for a total value of $8,125,000.00.
On Monday, August 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $297.00, for a total value of $2,970,000.00.
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 Friday, July 31st, Christian Kleinerman sold 20,000 shares of Snowflake stock. The stock was sold at an average price of $300.00, for a total value of $6,000,000.00.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $341.40 on Monday. The company has a market cap of $120.45 billion, a price-to-earnings ratio of -107.36 and a beta of 1.35. The business has a 50 day moving average price of $325.16 and a 200 day moving average price of $243.23. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $384.56.

Snowflake (NYSE:SNOW – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business posted $0.35 EPS. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Research analysts predict that Snowflake Inc. will post -1.46 earnings per share for the current year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: An analyst argues that Snowflake’s AI-fueled growth and consumption-based business model could support approximately 25% additional upside, reinforcing the bullish case after the stock’s roughly 50% advance. Snowflake Is Already Up 50%. One Analyst Still Sees 25% Further Upside.
Positive Sentiment: Snowflake is promoting its AI Data Cloud and “agentic enterprise” strategy, potentially strengthening expectations for future AI-related demand and customer adoption. Snowflake lays out what is business needs to be truly agentic
Positive Sentiment: A 30-day trial offering with up to $400 in incentives could help broaden customer adoption of Snowflake’s AI Data Cloud, although the effect on near-term revenue is uncertain. Snowflake will give you 30 days and up to $400 to try its AI Data Cloud
Neutral Sentiment: Snowflake’s revenue growth remains strong and stock-based compensation is declining as a percentage of sales, but investors continue to question whether free cash flow can grow quickly enough to offset the economic cost of employee equity awards. Can Snowflake’s Growth Outrun Its Stock Compensation Bill?
Negative Sentiment: Executives disclosed sizable stock sales: EVP Christian Kleinerman sold $5.1 million of shares, while director Michael Speiser sold approximately $17.5 million across two transactions. The trades were made under pre-arranged Rule 10b5-1 plans, reducing their signal as discretionary bearish bets, but still add supply and may concern investors.
Negative Sentiment: Snowflake announced an upsized $3.75 billion convertible senior-notes offering. The financing increases liquidity but may create future dilution and reflects the risks associated with funding growth through convertible debt. Snowflake Announces Upsized $3.75 Billion Convertible Senior Notes
Negative Sentiment: Shares have decreased since the latest earnings report despite revenue and EPS exceeding estimates, indicating that valuation, guidance or post-earnings expectations remain hurdles for the stock. Why Is Snowflake Down Since Last Earnings Report?

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on shares of Snowflake from $285.00 to $426.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Piper Sandler restated an “overweight” rating and set a $450.00 price objective (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. Raymond James Financial upped their price objective on shares of Snowflake from $275.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. UBS Group increased their target price on shares of Snowflake from $425.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Finally, Evercore reissued an “outperform” rating and set a $430.00 target price on shares of Snowflake in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $414.24.

View Our Latest Report on Snowflake

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently made changes to their positions in SNOW. Nuveen LLC boosted its position in shares of Snowflake by 2.3% during the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after acquiring an additional 116,521 shares in the last quarter. Janus Henderson Group PLC raised its position in Snowflake by 22.2% in the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock worth $452,014,000 after purchasing an additional 544,960 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Snowflake by 44.7% during the first quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company’s stock worth $392,259,000 after purchasing an additional 803,110 shares during the period. Swedbank AB lifted its stake in Snowflake by 24.0% during the first quarter. Swedbank AB now owns 1,649,771 shares of the company’s stock worth $248,818,000 after purchasing an additional 319,356 shares during the period. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Snowflake during the fourth quarter valued at approximately $345,619,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Company Profile

(Get Free Report)

Snowflake Inc (NYSE: SNOW) provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.

Snowflake’s services include cloud data storage and computing, data sharing and collaboration tools, governance and security capabilities, and access to third-party data through the Snowflake Marketplace.