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 on Monday, June 1st. The shares were sold at an average price of $272.00, for a total transaction of $2,720,000.00. Following the completion of the transaction, the executive vice president owned 418,494 shares of the company’s stock, valued at $113,830,368. This trade represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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.
• On Monday, March 23rd, Christian Kleinerman sold 2,621 shares of Snowflake stock. The shares were sold at an average price of $170.01, for a total transaction of $445,596.21.
• On Tuesday, March 17th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The shares were sold at an average price of $175.34, for a total transaction of $523,565.24.
• On Tuesday, March 10th, Christian Kleinerman sold 550 shares of Snowflake stock. The shares were sold at an average price of $182.44, for a total transaction of $100,342.00.

Snowflake Price Performance

Shares of SNOW stock opened at $244.47 on Friday. The company has a market capitalization of $84.51 billion, a PE ratio of -69.45 and a beta of 1.35. The firm has a fifty day simple moving average of $163.69 and a 200-day simple moving average of $190.21. The company has a current ratio of 1.05, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $284.99.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Equities research analysts anticipate that Snowflake Inc. will post -2.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. HSBC set a $289.00 price target on shares of Snowflake and gave the company a “buy” rating in a report on Friday, May 29th. Monness Crespi & Hardt upped their price target on shares of Snowflake from $282.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Royal Bank Of Canada upped their price target on shares of Snowflake from $220.00 to $284.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Mizuho upped their price target on shares of Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, Zacks Research raised shares of Snowflake from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $290.23.

Institutional Trading of Snowflake

A number of institutional investors and hedge funds have recently modified their holdings of SNOW. Brighton Jones LLC raised its holdings in shares of Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after purchasing an additional 29,320 shares during the period. Intech Investment Management LLC raised its holdings in shares of Snowflake by 24.0% during the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Snowflake during the second quarter worth $221,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Snowflake by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock worth $5,055,000 after purchasing an additional 1,521 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Jefferies said Snowflake’s AI monetization is showing more commercial traction and reiterated a Buy rating with a $300 target, signaling meaningful upside potential. Snowflake’s AI monetization opportunity gaining traction, says Jefferies
• Positive Sentiment: Snowflake Summit 26 showcased new AI-focused products and upgrades, including CoCo integrations, Horizon Context, and Datastream, reinforcing the company’s push to become a core enterprise AI platform. Snowflake Advances Trusted AI with Snowflake Horizon Catalog Centralizing Governance, Context, and Security Across the Enterprise
• Positive Sentiment: Several customer and partner announcements, including work with Sanofi, Thomson Reuters, TransUnion, Cognizant, and others, suggest Snowflake’s AI data cloud is seeing broader enterprise adoption. Sanofi Chooses Snowflake to Accelerate its AI-Powered Drug Development
• Positive Sentiment: Wall Street sentiment improved further as UBS, Piper Sandler, Needham, BTIG, and TD Cowen all turned more constructive on SNOW after its strong recent execution. UBS price target raise on Snowflake
• Neutral Sentiment: Media coverage comparing Snowflake with MongoDB and highlighting broader AI/software trends adds visibility, but does not appear to be a direct near-term earnings catalyst. Snowflake vs. MongoDB: Which Technology Stock Is a Better Buy in 2026?
• Negative Sentiment: Recent insider selling by Director Frank Slootman and EVP Christian Kleinerman may weigh on sentiment, even though the sales were made under pre-arranged 10b5-1 plans. Frank Slootman insider trade details
• Negative Sentiment: SNOW also traded weaker at points alongside the broader software sector as investors took profits after a strong run, indicating some pressure is market-driven rather than company-specific. ServiceNow and Snowflake Shares Are Falling, What You Need To Know

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.