Insider Selling: Snowflake (NYSE:SNOW) EVP Sells 10,000 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $297.00, for a total value of $2,970,000.00. Following the transaction, the executive vice president directly owned 365,379 shares of the company’s stock, valued at $108,517,563. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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 transaction 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 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 shares were 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 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 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 stock was sold at an average price of $236.77, for a total value of $1,183,850.00.

Snowflake Price Performance

Snowflake stock traded up $0.61 during mid-day trading on Wednesday, hitting $317.38. 4,576,453 shares of the company were exchanged, compared to its average volume of 4,896,307. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $323.10. The company has a market capitalization of $110.00 billion, a P/E ratio of -90.17 and a beta of 1.33. The business’s 50 day simple moving average is $256.24 and its two-hundred day simple moving average is $198.68. 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 (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The business’s revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 earnings per share. Analysts forecast that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Snowflake by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after acquiring an additional 1,448,094 shares during the last quarter. Jennison Associates LLC increased 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 worth $2,545,300,000 after purchasing an additional 2,519,413 shares in the last quarter. Nuveen LLC raised its holdings in Snowflake by 2.3% in the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after buying an additional 116,521 shares during the period. Geode Capital Management LLC lifted its position in Snowflake by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock valued at $1,052,195,000 after buying an additional 249,668 shares in the last quarter. Finally, Norges Bank purchased a new stake in Snowflake during the fourth quarter worth approximately $974,091,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SNOW shares. Morgan Stanley boosted their price objective on shares of Snowflake from $245.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. lifted their target price on shares of Snowflake from $245.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Oppenheimer increased their price target on Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Evercore set a $200.00 price objective on Snowflake in a report on Tuesday, April 14th. Finally, HSBC set a $289.00 target price on Snowflake and gave the company a “buy” rating in a research note on Friday, May 29th. Thirty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $296.68.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI product expansion: Snowflake introduced Cortex AI Gateway, which is designed to govern enterprise AI agents, manage costs and strengthen security. Expanded integrations with 1Password and Aembit could help Snowflake capture more AI workloads from large businesses. Snowflake Unveils Cortex AI Gateway
• Positive Sentiment: Broader partner ecosystem: Snowflake and phData expanded their collaboration to help customers migrate analytics, deploy governed AI applications and put intelligent workflows into production. Zeotap and Alteryx also launched applications on the Snowflake Marketplace, supporting platform adoption and recurring consumption. phData and Snowflake Expand Collaboration
• Positive Sentiment: Market and analyst optimism: Snowflake has reached fresh 52-week highs amid stronger confidence in its AI business. BTIG reportedly forecasts substantial appreciation, while heavy selling of long-dated, out-of-the-money put options suggests some investors are willing to make bullish commitments. BTIG Research Forecasts Strong Price Appreciation
• Neutral Sentiment: Upcoming catalysts: Snowflake will present at investor conferences and plans to report fiscal second-quarter 2027 results on September 2. These events could provide updated commentary on AI monetization, customer demand and margins. Snowflake Investor Conferences
• Negative Sentiment: Valuation and selling pressure: Analysts warn that SNOW’s premium valuation leaves limited room for disappointment, while margin pressure and competition remain concerns. Cathie Wood’s investment firm trimmed roughly $5.5 million to $5.7 million of its position, and an executive sold shares under a pre-arranged Rule 10b5-1 plan. Snowflake Premium Valuation
• Negative Sentiment: Security overhang: A Canadian defendant pleaded guilty in connection with attacks involving the theft of data from Snowflake customer environments. While the case concerns criminal activity rather than a newly announced company incident, it may renew investor concerns about data security and reputational risk. Canadian Pleads Guilty to Snowflake Data Theft Attacks

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.