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

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $380.00, for a total value of $3,800,000.00. Following the completion of the sale, the executive vice president directly owned 18,568 shares of the company’s stock, valued at $7,055,840. The trade was a 35.00% decrease in their ownership of the stock. The sale was disclosed in a 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.

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 stock was 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 shares were 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 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 transaction 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 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 shares were 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 stock was sold at an average price of $239.00, for a total value of $652,231.00.

Snowflake Stock Up 16.7%

SNOW stock opened at $356.78 on Friday. The firm has a market capitalization of $123.66 billion, a PE ratio of -112.19 and a beta of 1.33. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $384.56. The stock’s 50 day moving average is $295.85 and its 200-day moving average is $219.50.

Snowflake (NYSE:SNOW) last announced 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 business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative return on equity of 47.20% and a negative net margin of 20.07%.Snowflake’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. Sell-side analysts expect that Snowflake Inc. will post -1.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Snowflake

Large investors have recently modified their holdings of the stock. Tsfg LLC lifted its stake in Snowflake by 27.8% in the second quarter. Tsfg LLC now owns 230 shares of the company’s stock valued at $59,000 after purchasing an additional 50 shares during the last quarter. Johnson Investment Counsel Inc. increased its position in Snowflake by 4.5% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,383 shares of the company’s stock worth $303,000 after buying an additional 60 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in Snowflake by 4.4% in the fourth quarter. Great Valley Advisor Group Inc. now owns 1,438 shares of the company’s stock worth $316,000 after buying an additional 60 shares during the last quarter. LRI Investments LLC raised its stake in shares of Snowflake by 4.5% in the fourth quarter. LRI Investments LLC now owns 1,437 shares of the company’s stock valued at $315,000 after buying an additional 62 shares during the period. Finally, First Manhattan CO. LLC. lifted its position in shares of Snowflake by 6.7% during the 4th quarter. First Manhattan CO. LLC. now owns 1,022 shares of the company’s stock valued at $224,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong earnings beat and accelerating growth: Snowflake reported adjusted earnings of $0.62 per share, ahead of the $0.45 consensus estimate, while revenue rose 35.1% year over year to $1.55 billion, topping the $1.48 billion forecast. Product revenue increased 37% to approximately $1.49 billion. Snowflake spikes on healthy results and AI coding momentum
• Positive Sentiment: AI demand is becoming a growth catalyst: Management said AI contributed about half of the company’s outperformance, with adoption of its CoCo AI coding agent adding more than 2,000 accounts. Broad-based demand across customers, workloads and geographies further strengthened the growth outlook. Snowflake Stock Soars as Surging AI Demand Boosts Earnings
• Positive Sentiment: Raised guidance: Snowflake lifted fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion, signaling that cloud consumption and AI-related demand are exceeding prior expectations. The company also remains on track to reach break-even next year, according to CEO Sridhar Ramaswamy.
• Positive Sentiment: Analysts turned more bullish: JPMorgan, UBS, Citi, TD Cowen, Bank of America and several other firms raised price targets, with targets reaching as high as $500 and ratings including Buy, Overweight and Market Outperform. Wall Street analyst views

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SNOW shares. Jefferies Financial Group set a $430.00 price objective on shares of Snowflake and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group reissued a “buy” rating and set a $436.00 target price on shares of Snowflake in a research report on Thursday. Benchmark boosted their target price on Snowflake from $290.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Wedbush upped their target price on Snowflake from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research report on Thursday. Thirty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $410.19.

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.