Insider Selling: Snowflake (NYSE:SNOW) EVP Sells $8,125,000.00 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 25,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the completion of the sale, the executive vice president directly owned 340,379 shares in the company, valued at $110,623,175. This trade represents a 6.84% decrease in their position. The sale was disclosed in a 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 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 value of $1,625,000.00.
• 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 shares were 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 transaction of $6,000,000.00.
• On Wednesday, July 1st, Christian Kleinerman sold 2,500 shares of Snowflake stock. The stock was 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 stock was sold at an average price of $228.45, for a total transaction of $598,767.45.
• 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 value 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 value 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 value of $23,677.00.

Snowflake Trading Up 0.1%

Shares of NYSE:SNOW traded up $0.23 during trading on Tuesday, reaching $334.93. 3,653,409 shares of the stock were exchanged, compared to its average volume of 5,130,999. The firm’s 50-day moving average price is $263.24 and its 200 day moving average price is $201.96. The firm has a market cap of $116.09 billion, a price-to-earnings ratio of -95.15 and a beta of 1.33. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $340.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current 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. On average, sell-side analysts anticipate that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Large AWS commitment supports growth prospects. Snowflake agreed to a multiyear, $6 billion commitment with Amazon Web Services, reinforcing expectations that enterprises will use Snowflake’s platform to develop and deploy AI applications. The deal, combined with strong interest in Snowflake’s AI tools ahead of its second-quarter results, has helped drive investor optimism. Snowflake Lands a $6 Billion AWS Deal
• Positive Sentiment: AI security and partner ecosystem are expanding. Snowflake launched Cortex AI Gateway to govern, secure, and coordinate first- and third-party AI agents. Integrations with Alteryx, Aembit, and 1Password further strengthen its AI Data Cloud and security ecosystem, potentially improving customer retention and broadening platform usage. Snowflake’s New AI Security Push
• Positive Sentiment: New integrations and customer adoption support enterprise demand. Alteryx One was added to Snowflake Marketplace, giving customers no-code tools for analytics, workflows, and automation using governed enterprise data. Snowflake also is powering Saudi Arabia’s Zahid Group’s data and AI transformation, offering evidence of continued international and enterprise adoption. Snowflake Added a No-Code AI Data App Snowflake Powers Zahid Group’s Data and AI Transformation
• Neutral Sentiment: Valuation is increasingly debated. Snowflake has delivered a substantial three-year return, and some discounted-cash-flow analysis indicates potential undervaluation. However, market-based valuation multiples and broader comparisons suggest the stock may already be expensive, particularly after its recent rally. Is Snowflake Stock a Bargain?
• Neutral Sentiment: An article about “Snowflake Volunteer” refers to an unrelated Tor Android application, not Snowflake Inc.; it should not affect SNOW shares. Snowflake Volunteer Tor Android App

Analyst Ratings Changes

Several research firms have recently commented on SNOW. Royal Bank Of Canada increased their target price on Snowflake from $284.00 to $313.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Scotiabank upped their price target on shares of Snowflake from $285.00 to $320.00 and gave the company a “sector outperform” rating in a report on Monday, June 8th. Truist Financial increased their price objective on shares of Snowflake from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, June 5th. TD Cowen reissued a “buy” rating and set a $300.00 price objective on shares of Snowflake in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Snowflake from $245.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Thirty-four research 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 MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $301.00.

Institutional Investors Weigh In On Snowflake

Several institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. grew its stake in Snowflake by 99.1% during the 4th quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock worth $43,577,000 after buying an additional 98,870 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after acquiring an additional 2,519,413 shares during the period. Swedbank AB boosted its stake in Snowflake by 6.0% during the 4th quarter. Swedbank AB now owns 1,330,415 shares of the company’s stock valued at $291,840,000 after purchasing an additional 75,419 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Snowflake by 8.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 144,234 shares of the company’s stock valued at $31,639,000 after purchasing an additional 10,972 shares during the period. Finally, Whittier Trust Co. raised its holdings in shares of Snowflake by 17,351.1% during the fourth quarter. Whittier Trust Co. now owns 58,112 shares of the company’s stock valued at $13,629,000 after buying an additional 57,779 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

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.