Christian Kleinerman Sells 10,000 Shares of Snowflake (NYSE:SNOW) Stock

Posted by Shane Hupp on Sep 5th, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $380.00, for a total transaction of $3,800,000.00. Following the completion of the sale, the executive vice president owned 18,568 shares of the company’s stock, valued at approximately $7,055,840. This represents a 35.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Tuesday, September 1st, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $325.57, for a total value of $4,883,550.00.
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 Friday, August 7th, Christian Kleinerman sold 25,000 shares of Snowflake stock. The stock was sold at an average price of $325.00, for a total value 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 transaction 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 transaction 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 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 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 Trading Down 5.0%

Shares of SNOW stock opened at $338.47 on Friday. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $384.56. The stock has a 50 day simple moving average of $297.66 and a 200 day simple moving average of $220.33. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The stock has a market cap of $117.31 billion, a P/E ratio of -106.44 and a beta of 1.33.

Snowflake (NYSE:SNOW – Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $0.35 EPS. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. On average, research analysts predict that Snowflake Inc. will post -1.8 earnings per share for the current fiscal year.

Trending Headlines about 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

A number of hedge funds and other institutional investors have recently made changes to their positions in SNOW. Kemnay Advisory Services Inc. purchased a new stake in Snowflake during the 4th quarter worth about $28,000. Greenline Wealth Management LLC bought a new stake in shares of Snowflake during the fourth quarter valued at about $29,000. Basecamp Wealth Advisors LLC increased its position in shares of Snowflake by 140.5% during the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after buying an additional 118 shares during the period. Emerald Advisers LLC lifted its holdings in shares of Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after buying an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. bought a new position in shares of Snowflake in the fourth quarter valued at approximately $32,000. 65.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on SNOW. Loop Capital boosted their target price on shares of Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Stifel Nicolaus raised their target price on Snowflake from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group set a $430.00 target price on shares of Snowflake and gave the stock a “buy” rating in a research report on Thursday. Evercore reissued an “outperform” rating and set a $430.00 price target on shares of Snowflake in a research report on Thursday. Finally, Wedbush increased their price target on shares of Snowflake from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. 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’s stock. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $414.24.

Check Out Our Latest Stock Analysis on SNOW

Snowflake Company Profile

(Get Free Report)

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.