Christian Kleinerman Sells 2,986 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 2,986 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $240.00, for a total transaction of $716,640.00. Following the completion of the transaction, the executive vice president owned 405,652 shares of the company’s stock, valued at $97,356,480. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 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 stock was sold at an average price of $272.00, for a total value of $2,720,000.00.
• On Thursday, May 28th, Christian Kleinerman sold 100 shares of Snowflake stock. The shares were sold at an average price of $236.77, for a total value of $23,677.00.
• On Thursday, May 28th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $236.77, for a total value of $1,183,850.00.
• On Monday, March 23rd, Christian Kleinerman sold 2,621 shares of Snowflake stock. The stock was sold at an average price of $170.01, for a total value of $445,596.21.

Snowflake Stock Down 0.9%

Shares of SNOW opened at $232.49 on Friday. The firm has a market cap of $80.58 billion, a P/E ratio of -66.05 and a beta of 1.35. The stock has a 50 day simple moving average of $180.53 and a two-hundred day simple moving average of $189.47. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $284.99.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The business’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. On average, analysts forecast that Snowflake Inc. will post -1.87 earnings per share for the current fiscal year.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake continues to win new business, including Unlimitail selecting its platform for a privacy-preserving retail media data hub across Europe and Latin America, which reinforces demand for Snowflake’s data cloud and clean room products. Article Title
• Positive Sentiment: Analysts remain constructive, with several firms lifting price targets and Jefferies saying Snowflake still has room to grow despite tougher competition from Databricks, helped by enterprise demand for data and AI infrastructure. Article Title
• Positive Sentiment: Snowflake’s venture arm invested in Jedify, adding to the company’s AI-focused narrative and signaling continued interest in emerging data and agentic application tools. Article Title
• Neutral Sentiment: A comparison piece versus Alphabet highlighted Snowflake’s strong AI adoption and customer growth, but also noted that Google Cloud and Alphabet’s earnings momentum may make GOOGL the stronger relative pick. Article Title
• Neutral Sentiment: Several Snowflake executives, including EVP Christian Kleinerman and former CEO Frank Slootman, sold shares under pre-arranged 10b5-1 plans tied to tax withholding from equity vesting, which is not unusual but can still temper sentiment. Article Title
• Negative Sentiment: Coverage around intensifying competition from Databricks may weigh on Snowflake’s stock as investors focus on growth-rate comparisons and long-term share gains in the AI data platform market. Article Title

Institutional Trading of Snowflake

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Snowflake by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after purchasing an additional 1,448,094 shares during the last quarter. Jennison Associates LLC raised its position in Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the last quarter. Nuveen LLC lifted its holdings in 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 buying an additional 116,521 shares during the period. Geode Capital Management LLC lifted its holdings in Snowflake by 5.5% in the 4th 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 during the period. Finally, Norges Bank bought a new stake in shares of Snowflake in the 4th quarter worth approximately $974,091,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on shares of Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on Snowflake from $245.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. KeyCorp set a $295.00 price objective on Snowflake in a report on Thursday, May 28th. Scotiabank boosted their target price on Snowflake from $285.00 to $320.00 and gave the company a “sector outperform” rating in a research note on Monday, June 8th. Finally, Morgan Stanley increased their target price on Snowflake from $245.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and an average target price of $291.77.

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.