Snowflake (NYSE:SNOW) EVP Sells $951,070.86 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 2,986 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $318.51, for a total value of $951,070.86. Following the transaction, the executive vice president owned 334,013 shares of the company’s stock, valued at approximately $106,386,480.63. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, September 9th, Christian Kleinerman sold 2,730 shares of Snowflake stock. The shares were sold at an average price of $335.72, for a total value of $916,515.60.
• 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 Tuesday, September 1st, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $325.57, for a total transaction 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 transaction 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 transaction of $8,125,000.00.
• On Monday, August 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were 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 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 stock was 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 value 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.

Snowflake Stock Performance

Snowflake stock traded up $7.28 during mid-day trading on Wednesday, hitting $330.26. 3,757,358 shares of the company’s stock traded hands, compared to its average volume of 5,277,960. The firm has a 50 day moving average price of $307.79 and a 200 day moving average price of $228.50. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. The company has a market cap of $116.52 billion, a PE ratio of -103.85 and a beta of 1.33. Snowflake Inc. has a one year low of $118.30 and a one year high of $384.56.

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, topping the consensus estimate of $0.45 by $0.17. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share. On average, equities analysts forecast that Snowflake Inc. will post -1.57 EPS for the current year.

Hedge Funds Weigh In On Snowflake

Several large investors have recently made changes to their positions in the business. Nuveen LLC raised its holdings in shares of Snowflake by 2.3% in the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after purchasing an additional 116,521 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Snowflake by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock worth $1,052,195,000 after buying an additional 249,668 shares in the last quarter. Norges Bank acquired a new position in Snowflake in the fourth quarter worth approximately $974,091,000. Janus Henderson Group PLC increased its holdings in shares of 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 buying an additional 544,960 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in shares of Snowflake by 44.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company’s stock valued at $392,259,000 after acquiring an additional 803,110 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Needham & Company LLC raised their target price on shares of Snowflake from $330.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Scotiabank reaffirmed a “sector outperform” rating and issued a $440.00 price target (up from $320.00) on shares of Snowflake in a research note on Thursday, September 3rd. The Goldman Sachs Group increased their price objective on shares of Snowflake from $300.00 to $436.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Loop Capital raised their price objective on shares of Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, Benchmark boosted their target price on Snowflake from $290.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Thirty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $414.24.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s second-quarter fiscal 2027 performance reportedly included approximately $1.55 billion in revenue, a reduced net loss, higher full-year product-revenue and operating-margin guidance, and a completed $3.7 billion share-repurchase program that retired about 25.4 million shares. The combination of stronger AI adoption, improved profitability expectations, and a smaller share count is supportive for the stock. How Investors May Respond To Snowflake AI-fueled Guidance Hike and $3.7 Billion Buyback
• Positive Sentiment: Snowflake introduced dynamic model routing designed to direct workloads to the most cost-effective AI models. Lowering enterprise AI spending could improve customer adoption and increase usage of Snowflake’s platform. Snowflake’s dynamic model routing aims to make enterprise AI more cost-efficient
• Positive Sentiment: QAD | Redzone’s ChampionAI, powered by Snowflake Cortex AI, is targeting manufacturing productivity, labor, and operational-pace challenges. The deployment provides another example of Snowflake’s AI technology being used in commercial applications. QAD | Redzone’s ChampionAI, Powered by Snowflake Cortex AI
• Positive Sentiment: Scotiabank raised its fiscal 2027 EPS estimate for Snowflake to a loss of $1.32 per share from a projected loss of $1.81 and maintained a “Sector Outperform” rating with a $440 price target. Scotiabank estimate update
• Positive Sentiment: Analyst commentary continues to highlight Snowflake’s faster growth, expanding customer base, and increasing AI adoption relative to Adobe, while momentum-focused coverage may attract additional investor interest. Snowflake vs. Adobe: Which Enterprise AI Stock Is a Better Buy?
• Neutral Sentiment: Snowflake’s support for UAE entrepreneurs building AI startups expands its ecosystem and international visibility, although the near-term financial impact is unclear. Snowflake backs UAE entrepreneurs building AI startups
• Negative Sentiment: The bullish growth case comes with valuation risk: Snowflake trades at a substantially richer valuation than Adobe despite continuing to report losses, leaving the stock vulnerable if AI growth or profitability disappoints. Snowflake versus Adobe valuation comparison

About Snowflake

Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake’s Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake’s marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.