Christian Kleinerman Sells 15,000 Shares of Snowflake (NYSE:SNOW) Stock

Key Points

• Snowflake EVP Christian Kleinerman sold 15,000 shares at an average price of $325.57, generating approximately $4.88 million. The transaction was made under a pre-arranged Rule 10b5-1 trading plan and reduced his direct ownership by 4.41%.
• Snowflake reported quarterly earnings of $0.62 per share, exceeding the $0.45 consensus estimate, while revenue reached $1.55 billion, up 35.1% year over year. Management cited strong AI demand and raised fiscal 2027 product-revenue guidance to $6.07 billion.
• Analyst sentiment remains favorable: 34 analysts rate the stock Buy, five rate it Hold and one rates it Sell, resulting in a consensus “Moderate Buy” rating and an average price target of $410.19.

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $325.57, for a total transaction of $4,883,550.00. Following the completion of the transaction, the executive vice president directly owned 325,379 shares of the company's stock, valued at $105,933,641.03. This trade represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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, September 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $380.00, for a total value of $3,800,000.00.
• 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 value 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 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 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.
• 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 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 transaction of $652,231.00.

Snowflake Stock Performance

Shares of SNOW stock traded up $50.94 during trading hours on Thursday, reaching $356.78. The stock had a trading volume of 21,795,365 shares, compared to its average volume of 4,323,452. 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 twelve month low of $118.30 and a twelve month high of $384.56. The firm has a 50-day simple moving average of $293.26 and a 200-day simple moving average of $218.27. The firm has a market capitalization of $123.66 billion, a PE ratio of -112.19 and a beta of 1.33.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.17. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 47.20%. Snowflake's quarterly revenue was up 35.1% compared to the same quarter last year. During the same period last year, the firm posted $0.35 EPS. As a group, equities analysts forecast that Snowflake Inc. will post -1.81 earnings per share for the current year.

Hedge Funds Weigh In On Snowflake

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new stake in shares of Snowflake in the fourth quarter valued at $28,000. Greenline Wealth Management LLC acquired a new position in Snowflake during the fourth quarter worth about $29,000. Basecamp Wealth Advisors LLC grew its holdings in Snowflake by 140.5% during the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company's stock worth $30,000 after acquiring an additional 118 shares during the period. Emerald Advisers LLC raised its position in Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company's stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. acquired a new stake in Snowflake in the 4th quarter valued at about $32,000. 65.10% of the stock is owned by institutional investors.

Key Snowflake News

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SNOW. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on Snowflake in a report on Thursday. Needham & Company LLC boosted their price target on Snowflake from $330.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday. Mizuho set a $425.00 price target on Snowflake in a research note on Thursday. Bank of America raised their price target on Snowflake from $330.00 to $395.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Finally, Jefferies Financial Group set a $430.00 price objective on shares of Snowflake and gave the company a "buy" rating in a research note on Thursday. Thirty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.

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