Insider Selling: Snowflake (NYSE:SNOW) EVP Sells 2,621 Shares of Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 2,621 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $170.01, for a total value of $445,596.21. Following the transaction, the executive vice president directly owned 533,494 shares of the company’s stock, valued at $90,699,314.94. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 value 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 value of $100,342.00.
• On Monday, March 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $165.01, for a total value of $1,650,100.00.
• On Monday, February 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $197.09, for a total transaction of $1,970,900.00.
• On Friday, January 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $219.90, for a total transaction of $2,199,000.00.

Snowflake Price Performance

NYSE:SNOW opened at $161.21 on Wednesday. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67. The firm has a market cap of $55.17 billion, a price-to-earnings ratio of -40.81 and a beta of 1.16. The company’s 50-day moving average is $182.41 and its two-hundred day moving average is $218.51. The company has a current ratio of 1.30, a quick ratio of 1.37 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. Research analysts expect that Snowflake Inc. will post -2.36 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on SNOW. DA Davidson cut their price target on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, February 26th. The Goldman Sachs Group decreased their price objective on Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Mizuho lowered their price objective on Snowflake from $285.00 to $220.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Monness Crespi & Hardt upped their target price on Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Robert W. Baird increased their target price on Snowflake from $260.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average price target of $248.58.

Institutional Investors Weigh In On Snowflake

Several large investors have recently made changes to their positions in the business. Purpose Unlimited Inc. purchased a new stake in Snowflake during the 4th quarter worth $571,000. Rockefeller Capital Management L.P. grew its holdings in Snowflake by 39.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 363,999 shares of the company’s stock valued at $79,847,000 after purchasing an additional 102,534 shares in the last quarter. Osbon Capital Management LLC acquired a new stake in shares of Snowflake during the fourth quarter valued at about $47,000. Spear Advisors LLC purchased a new stake in Snowflake during the 4th quarter worth approximately $2,382,000. Finally, World Investment Advisors increased its stake in shares of Snowflake by 45.6% in the fourth quarter. World Investment Advisors now owns 5,280 shares of the company’s stock worth $1,158,000 after buying an additional 1,653 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Company expanding its AI product roadmap with Project SnowWork — an enterprise agentic AI initiative that aims to bring data-grounded AI agents to business users; this reinforces Snowflake’s strategic positioning in the fast-growing enterprise AI market. Snowflake launches Project SnowWork
• Positive Sentiment: Industry collaboration and data/AI interoperability momentum — Denodo joined the Open Semantic Interchange with Snowflake and other leaders, which could boost ecosystem adoption and make multi?vendor integrations easier for customers. Denodo joins Open Semantic Interchange
• Positive Sentiment: New partner integrations (security and analytics) continue to expand use cases — NINJIO announced a reporting product built with Snowflake and Sigma, reinforcing demand for Snowflake as an AI/data foundation. NINJIO partners with Snowflake
• Neutral Sentiment: Analyst and media coverage remains mixed-to-positive: several outlets compare Snowflake to other AI/data names (Innodata) and note investor attention; these pieces can drive trading interest but are not immediate catalysts. Innodata vs. Snowflake
• Neutral Sentiment: Partner ecosystem activity (e.g., Fivetran customer wins that route data into Snowflake) supports long-term demand but is a gradual positive rather than an immediate price driver. Fivetran selected by WM New Zealand
• Negative Sentiment: Multiple law firms filed or circulated class-action notices alleging securities fraud for purchases between June 27, 2023 and Feb. 28, 2024 (lead-plaintiff deadlines around Apr. 27, 2026). The proliferation of filings and reminder notices (Rosen, Pomerantz, Schall, Bernstein, Faruqi, Levi & Korsinsky, others) increases legal uncertainty and can pressure the stock via potential damages, defense costs, and investor anxiety. Rosen Law Firm notice Schall Law Firm notice
• Negative Sentiment: Recent reports of large insider stock sales (director-level transactions reported) add to near-term selling pressure and negative investor optics. Director sells $15.6M in stock Director sells $1.98M in stock
• Negative Sentiment: Broader SaaS/AI rotation and valuation scrutiny continue to weigh on Snowflake despite strong growth metrics — the sector sell-off has been a persistent headwind. Valuation check / Project SnowWork analysis

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.