Christian Kleinerman Sells 15,000 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $325.57, for a total value of $4,883,550.00. Following the transaction, the executive vice president owned 325,379 shares in the company, valued at approximately $105,933,641.03. This represents a 4.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 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 Friday, August 7th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The stock was 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 transaction 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 shares were sold at an average price of $300.00, for a total value of $6,000,000.00.
• On Wednesday, July 1st, Christian Kleinerman sold 2,500 shares of Snowflake stock. The shares were 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 value of $598,767.45.
• On Tuesday, June 16th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The shares were 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 stock was sold at an average price of $239.00, for a total transaction of $652,231.00.

Snowflake Stock Performance

Shares of Snowflake stock opened at $338.47 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50 day moving average price is $297.66 and its 200 day moving average price is $220.33. Snowflake Inc. has a one year low of $118.30 and a one year high of $384.56. The company has a market cap of $117.31 billion, a price-to-earnings ratio of -106.44 and a beta of 1.33.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 47.20%. The business 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 firm earned $0.35 EPS. The business’s revenue was up 35.1% on a year-over-year basis. On average, research analysts predict that Snowflake Inc. will post -1.8 EPS for the current year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong Q2 results: Snowflake reported adjusted earnings of $0.62 per share versus the $0.45 consensus estimate, while revenue increased 35.1% year over year to $1.55 billion, ahead of expectations. Product revenue rose 37% to approximately $1.49 billion. Snowflake shares surge as AI demand powers growth and lifts outlook
• Positive Sentiment: AI is accelerating demand: Management said AI-related offerings contributed about half of the recent growth acceleration. Snowflake’s CoCo coding agent added more than 2,000 accounts, supporting the view that enterprise AI workloads can increase consumption of its data platform. Analysts discuss Snowflake’s AI-driven acceleration
• Positive Sentiment: Guidance and analyst targets moved higher: Snowflake raised fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion. UBS, Citi, JPMorgan, TD Cowen and other firms subsequently raised targets, with several reaching $450 to $500 and maintaining bullish ratings. Snowflake’s AI momentum prompts higher price targets
• Neutral Sentiment: Profit-taking after a major rally: The stock had surged more than 20% after the earnings release and reached levels near its 52-week high. The current retreat likely reflects investors locking in gains rather than a deterioration in the latest operating results.
• Negative Sentiment: Margin and valuation risks remain: Management lowered fiscal 2027 gross-margin guidance to 74% as expanding AI workloads increase costs. Snowflake also remains unprofitable under generally accepted accounting principles, while its high valuation leaves the stock vulnerable to further profit-taking if growth expectations moderate. Snowflake’s AI growth and margin outlook
• Negative Sentiment: Executive stock sale: EVP Christian Kleinerman sold 10,000 shares for approximately $3.8 million under a pre-arranged Rule 10b5-1 plan. While scheduled sales do not necessarily signal a change in business outlook, the transaction may add to short-term investor caution after the rally.

Institutional Trading of Snowflake

Several institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its holdings in Snowflake by 25,944.6% during the second quarter. California State Teachers Retirement System now owns 127,340,602 shares of the company’s stock valued at $32,408,183,000 after acquiring an additional 126,851,670 shares during the period. Nuveen LLC increased its holdings in shares of Snowflake by 2.3% during the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after buying an additional 116,521 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Snowflake by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock valued at $1,052,195,000 after buying an additional 249,668 shares in the last quarter. Norges Bank bought a new position in shares of Snowflake in the fourth quarter worth about $974,091,000. Finally, Janus Henderson Group PLC boosted its holdings in Snowflake by 22.2% in the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock valued at $452,014,000 after acquiring an additional 544,960 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SNOW has been the topic of a number of recent analyst reports. Scotiabank reissued a “sector outperform” rating and set a $440.00 price target (up from $320.00) on shares of Snowflake in a research note on Thursday. Wells Fargo & Company increased their price target on Snowflake from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Thursday. Sanford C. Bernstein boosted their price target on Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, May 28th. Barclays increased their target price on Snowflake from $332.00 to $384.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Raymond James Financial lifted their target price on Snowflake from $275.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday. Thirty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $414.24.

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.