Christian Kleinerman Sells 2,621 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 2,621 shares of Snowflake stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $228.45, for a total transaction of $598,767.45. Following the transaction, the executive vice president directly owned 400,379 shares in the company, valued at approximately $91,466,582.55. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 transaction 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 transaction of $652,231.00.
• On Monday, June 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were 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 stock was 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 value of $1,183,850.00.

Snowflake Trading Up 0.6%

NYSE:SNOW opened at $227.32 on Friday. The business’s 50-day moving average is $189.91 and its two-hundred day moving average is $188.77. The firm has a market capitalization of $78.79 billion, a PE ratio of -64.58 and a beta of 1.35. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $284.99. 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 (NYSE:SNOW) last issued its earnings results 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. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The company’s revenue was up 33.5% compared to the same quarter last year. Research analysts predict that Snowflake Inc. will post -1.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Snowflake from $245.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Mizuho raised 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. Bank of America lifted their price target on shares of Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Benchmark boosted their price objective on shares of Snowflake from $200.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company upped their price objective on shares of Snowflake from $210.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and an average price target of $293.53.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Market commentary continues to highlight Snowflake’s AI momentum, with a Forbes piece arguing that “agentic AI” is helping rewrite the playbook for Snowflake and peers, which can reinforce bullish trading in the name. Article Title
• Positive Sentiment: Snowflake is expanding its footprint in Bellevue’s Spring District, a sign of continued operational investment and growth expectations. Article Title
• Positive Sentiment: Analyst and media coverage remains constructive overall, with multiple notes suggesting Snowflake’s AI/data platform narrative is still drawing buyers after a strong rebound in the share price. Article Title
• Neutral Sentiment: OneTrust was recognized as a Leader in Snowflake’s Modern Marketing Data Stack report, which supports Snowflake’s partner ecosystem and platform relevance, but is not a direct financial update. Article Title
• Negative Sentiment: EVP Christian Kleinerman sold 2,621 shares, extending a recent pattern of insider selling. The sale was pre-planned and tied to tax withholding, but insider transactions can still pressure sentiment. Article Title

Institutional Trading of Snowflake

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after acquiring an additional 29,320 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after acquiring an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in 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 last quarter. Flow Traders U.S. LLC bought a new position in Snowflake during the second quarter worth $221,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Snowflake by 7.2% in 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.

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.