Christian Kleinerman Sells 2,730 Shares of Snowflake (NYSE:SNOW) Stock

Key Points

• Snowflake EVP Christian Kleinerman sold 2,730 shares for approximately $916,516 at an average price of $335.72, reducing his holdings by 0.85% to 319,887 shares. The transaction was conducted under a Rule 10b5-1 plan to cover tax obligations from vested equity awards.
• Snowflake recently exceeded quarterly expectations, reporting $1.55 billion in revenue and $0.62 in adjusted EPS, while revenue grew 35.1% year over year. Analysts remain bullish, with a consensus “Moderate Buy” rating and an average price target of $414.24.
• The stock traded near $329, close to its 12-month high, amid strong AI-related momentum. However, its elevated valuation and additional insider sales could increase sensitivity to any slowdown in consumption, monetization or margins.

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 2,730 shares of the company's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $335.72, for a total transaction of $916,515.60. Following the completion of the sale, the executive vice president owned 319,887 shares in the company, valued at $107,392,463.64. This represents a 0.85% decrease in their position. The transaction was disclosed in a legal 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. 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 Thursday, September 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $380.00, for a total value of $3,800,000.00.
• 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 transaction of $4,883,550.00.
• 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 transaction 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 transaction 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 shares were 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 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 transaction of $716,640.00.

Snowflake Stock Performance

Snowflake stock traded down $2.48 during mid-day trading on Thursday, reaching $329.00. The company's stock had a trading volume of 3,432,707 shares, compared to its average volume of 5,078,465. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56. The company has a market capitalization of $114.03 billion, a P/E ratio of -103.46 and a beta of 1.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.05 and a current ratio of 0.94. The firm's fifty day moving average price is $302.45 and its two-hundred day moving average price is $223.92.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.17. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The business's revenue for the quarter was up 35.1% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. Sell-side analysts predict that Snowflake Inc. will post -1.62 EPS for the current fiscal year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI is accelerating growth: Snowflake’s Q2 fiscal 2027 results showed 37% year-over-year product-revenue growth, stronger-than-expected adjusted earnings and revenue, and continued momentum in AI-related workloads. Management said customers are expanding data consumption as they adopt Snowflake’s Cortex AI and other services. Snowflake Q2 2027 Earnings Call Transcript
• Positive Sentiment: Customer case study reinforces product demand: Indian technology and commerce company Swiggy said Snowflake helped make its data workloads 96% faster. The companies are expanding their partnership across food delivery, quick commerce and dining, providing evidence of enterprise value and potential for broader usage. Swiggy Credits Snowflake for Making Data Workloads 96% Faster
• Positive Sentiment: Management remains confident: At Citi’s Global TMT Conference, Snowflake executives discussed AI adoption, customer consumption and the opportunity to build an expanding data-and-AI platform. The commentary supports the view that AI could create a recurring “flywheel” of higher workloads and revenue. Snowflake Citi 2026 Global TMT Conference Transcript
• Neutral Sentiment: Exchange-traded funds are being highlighted as a way to gain exposure to Snowflake’s post-earnings AI momentum while reducing single-stock risk. The coverage may broaden investor interest, but it does not represent new company-specific financial information. Should You Tap Snowflake’s Post-Earnings Rally Via ETFs?
• Negative Sentiment: Valuation leaves little room for disappointment: Analysts note that the stock has already priced in substantial AI success and sustained growth. Any slowdown in consumption, monetization or margins could trigger further profit-taking. Snowflake: The AI Story Is Real, But The Stock Has Priced In A Perfect Execution
• Negative Sentiment: Large director sales may weigh on sentiment: Director Mark Garrett sold 50,000 shares for $17.5 million, while Michael Speiser sold roughly 50,741 shares for about $18 million. Speiser’s transactions were made under a pre-arranged Rule 10b5-1 plan, reducing their usefulness as a bearish signal, but the size of the sales could still encourage near-term profit-taking. Snowflake Insider Selling Alert

Hedge Funds Weigh In On Snowflake

Several institutional investors and hedge funds have recently modified their holdings of SNOW. North Dakota State Investment Board bought a new stake in shares of Snowflake in the 4th quarter worth $3,495,000. Allstate Corp raised its holdings in shares of Snowflake by 108.1% during the fourth quarter. Allstate Corp now owns 24,497 shares of the company's stock valued at $5,374,000 after purchasing an additional 12,724 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in Snowflake by 86.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 209,653 shares of the company's stock valued at $45,989,000 after buying an additional 97,128 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Snowflake by 159.9% during the 4th quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company's stock valued at $295,477,000 after buying an additional 828,789 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Snowflake in the 2nd quarter worth $1,399,000. 65.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SNOW shares. DA Davidson increased their price objective on Snowflake from $300.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. BTIG Research boosted their price target on Snowflake from $340.00 to $424.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. Robert W. Baird set a $450.00 price objective on Snowflake in a report on Thursday, September 3rd. TD Cowen lifted their price objective on Snowflake from $370.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Finally, Royal Bank Of Canada raised their price target on Snowflake from $372.00 to $440.00 and gave the stock an "outperform" rating in a research note on Thursday, September 3rd. Thirty-four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $414.24.

About Snowflake

Snowflake Inc NYSE: SNOW is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake's Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake's marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.

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