Christian Kleinerman Sells 5,000 Shares of Snowflake (NYSE:SNOW) Stock

Key Points

• Snowflake EVP Christian Kleinerman sold 5,000 shares on May 28 at an average price of $236.77, generating about $1.18 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• Snowflake reported better-than-expected quarterly results, with EPS of $0.39 versus $0.32 expected and revenue of $1.39 billion versus $1.32 billion expected. Revenue rose 33.5% year over year, though the company still posted negative margins and analysts expect a loss for the year.
• Sentiment around SNOW remains constructive: several analysts raised price targets, with the consensus target at $284.38, and the stock has also benefited from positive headlines about AI demand and a major AWS partnership.

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 5,000 shares of the firm's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $236.77, for a total transaction of $1,183,850.00. Following the completion of the transaction, the executive vice president directly owned 528,494 shares in the company, valued at $125,131,524.38. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 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 transaction of $23,677.00.
• On Monday, March 23rd, Christian Kleinerman sold 2,621 shares of Snowflake stock. The shares were sold at an average price of $170.01, for a total transaction of $445,596.21.
• On Tuesday, March 17th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The shares were sold at an average price of $175.34, for a total transaction of $523,565.24.
• On Tuesday, March 10th, Christian Kleinerman sold 550 shares of Snowflake stock. The stock was sold at an average price of $182.44, for a total transaction of $100,342.00.
• On Monday, March 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $165.01, for a total transaction of $1,650,100.00.

Snowflake Stock Performance

NYSE SNOW traded up $16.74 during trading hours on Friday, reaching $255.94. 19,860,842 shares of the company were exchanged, compared to its average volume of 9,459,329. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $280.67. The business's 50 day simple moving average is $156.69 and its 200-day simple moving average is $190.95. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $88.48 billion, a P/E ratio of -72.71 and a beta of 1.08.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company posted $0.24 earnings per share. The firm's quarterly revenue was up 33.5% compared to the same quarter last year. On average, equities research analysts expect that Snowflake Inc. will post -2.16 earnings per share for the current year.

Hedge Funds Weigh In On Snowflake

Several hedge funds have recently bought and sold shares of SNOW. Brighton Jones LLC grew its stake in Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company's stock valued at $9,556,000 after acquiring an additional 29,320 shares in the last quarter. Intech Investment Management LLC grew its stake in Snowflake by 24.0% during the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company's stock valued at $1,637,000 after acquiring an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company's stock valued at $47,000 after acquiring an additional 73 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Snowflake during the second quarter valued at approximately $221,000. Finally, The Manufacturers Life Insurance Company grew its stake in Snowflake by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company's stock valued at $5,055,000 after acquiring an additional 1,521 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Analysts Set New Price Targets

SNOW has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of Snowflake from $210.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday. Weiss Ratings upgraded shares of Snowflake from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday. Wedbush lifted their target price on shares of Snowflake from $270.00 to $280.00 and gave the stock an "outperform" rating in a research note on Thursday. Zacks Research upgraded shares of Snowflake from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 4th. Finally, TD Cowen lifted their target price on shares of Snowflake from $255.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $284.38.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
• Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
• Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.