Insider Selling: Snowflake (NYSE:SNOW) EVP Sells 2,622 Shares

Key Points

• Snowflake EVP Christian Kleinerman sold 2,622 shares for approximately $903,000 at an average price of $344.50. The transaction was executed under a Rule 10b5-1 plan to cover tax withholding and reduced his holdings by just 0.79%.
• Snowflake shares traded near $336, well below the 52-week high of $384.56 but substantially above the 52-week low of $118.30. The company recently exceeded quarterly earnings and revenue expectations, with revenue rising 35.1% year over year.
• Analyst sentiment remains broadly positive, with 34 Buy ratings, five Holds and one Sell, producing a “Moderate Buy” consensus and an average price target of $414.24. However, additional large insider sales—including Director Frank Slootman’s roughly $100.3 million in sales—could raise profit-taking concerns.

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 2,622 shares of the firm's stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $344.50, for a total value of $903,279.00. Following the sale, the executive vice president directly owned 328,738 shares in the company, valued at approximately $113,250,241. The trade was a 0.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Wednesday, September 16th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The stock was sold at an average price of $318.51, for a total transaction of $951,070.86.
• On Wednesday, September 9th, Christian Kleinerman sold 2,730 shares of Snowflake stock. The shares were sold at an average price of $335.72, for a total value of $916,515.60.
• 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 shares were 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 transaction of $2,970,000.00.
• On Friday, July 31st, Christian Kleinerman sold 9,986 shares of Snowflake stock. The stock was 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 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 shares were sold at an average price of $258.56, for a total value of $646,400.00.

Snowflake Stock Performance

Shares of SNOW traded down $3.25 during trading hours on Tuesday, hitting $336.14. The stock had a trading volume of 4,958,236 shares, compared to its average volume of 5,370,478. The firm has a market capitalization of $118.59 billion, a price-to-earnings ratio of -105.70 and a beta of 1.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a 50-day moving average price of $313.36 and a 200 day moving average price of $233.15. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business posted $0.35 earnings per share. Snowflake's revenue for the quarter was up 35.1% on a year-over-year basis. As a group, research analysts anticipate that Snowflake Inc. will post -1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SNOW shares. HSBC set a $289.00 target price on Snowflake and gave the company a "buy" rating in a report on Friday, May 29th. Rosenblatt Securities upped their price objective on shares of Snowflake from $285.00 to $345.00 and gave the company a "buy" rating in a report on Tuesday, September 1st. Weiss Ratings restated a "sell (e+)" rating on shares of Snowflake in a research report on Tuesday, September 8th. Stifel Nicolaus lifted their target price on shares of Snowflake from $350.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Finally, Evercore reiterated an "outperform" rating and issued a $430.00 target price on shares of Snowflake in a report on Thursday, September 3rd. Thirty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $414.24.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Jim Cramer said Snowflake has “caught fire in recent months” after meeting with the company, reinforcing the bullish view that its data platform is benefiting from increased enterprise software and AI demand. Jim Cramer Notes Snowflake
• Positive Sentiment: A recent investment analysis argued that Snowflake’s recovery and long-term growth potential may still justify further upside, citing a roughly $425 Street target compared with a current price near $332. This is an analyst-style opinion rather than new company guidance. Snowflake Stock Is Up 45 Percent in a Year
• Neutral Sentiment: Former Snowflake CFO Mike Scarpelli joined ClickHouse’s board as that company’s run-rate revenue surpassed $350 million. The appointment highlights competition in the data-platform market but does not directly change Snowflake’s fundamentals. ClickHouse Appoints Mike Scarpelli
• Negative Sentiment: Director Frank Slootman sold a combined 300,000 shares for approximately $100.3 million across September 18 and 21, reducing his direct ownership by more than 84% to 19,024 shares. Although the sales were made under a pre-arranged trading plan, their size may encourage profit-taking concerns. SEC insider transaction filing
• Negative Sentiment: Executive Vice President Christian Kleinerman sold 2,622 shares worth about $903,000 to cover tax withholding tied to vested equity awards. Because the transaction was tax-related and represented only a 0.79% reduction in his holdings, it is a relatively weak bearish signal. SEC insider transaction filing
• Negative Sentiment: A report describes an autonomous AI security agent identifying and exploiting a vulnerability in Snowflake’s GitHub repository. The potential security and reputational implications may concern investors, though the report does not indicate a customer-data breach or operational disruption. Snowflake GitHub vulnerability report

Institutional Investors Weigh In On Snowflake

Large investors have recently added to or reduced their stakes in the business. Basecamp Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 118 shares during the last quarter. Emerald Advisers LLC boosted its holdings in Snowflake by 95.2% during the first quarter. Emerald Advisers LLC now owns 205 shares of the company's stock worth $31,000 after buying an additional 100 shares in the last quarter. MV Capital Management Inc. acquired a new stake in shares of Snowflake during the 4th quarter valued at approximately $32,000. Copos Capital S.a r.l. purchased a new stake in shares of Snowflake during the 4th quarter worth approximately $35,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Snowflake in the first quarter valued at $37,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Company Profile

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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