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

Key Points

• Christian Kleinerman sold 10,000 Snowflake shares on March 2 at an average price of $165.01 for $1.65M, trimming his stake by 1.92% to 510,477 shares (≈$84.2M); this continues a string of recent insider sales in January and February.
• Snowflake recently beat Q4 EPS and saw revenue rise 30.1% year-over-year, but remains unprofitable (negative net margin and ROE); analysts have trimmed price targets and the company faces a legal overhang from class-action suits that could weigh on the stock.

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 10,000 shares of the firm's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $165.01, for a total transaction of $1,650,100.00. Following the transaction, the executive vice president directly owned 510,477 shares of the company's stock, valued at approximately $84,233,809.77. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Christian Kleinerman also recently made the following trade(s):

• On Monday, February 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $197.09, for a total transaction of $1,970,900.00.
• On Friday, January 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $219.90, for a total value of $2,199,000.00.
• On Tuesday, December 23rd, Christian Kleinerman sold 4,755 shares of Snowflake stock. The shares were sold at an average price of $224.30, for a total value of $1,066,546.50.
• On Tuesday, December 16th, Christian Kleinerman sold 2,975 shares of Snowflake stock. The stock was sold at an average price of $212.45, for a total value of $632,038.75.
• On Tuesday, December 9th, Christian Kleinerman sold 548 shares of Snowflake stock. The shares were sold at an average price of $223.31, for a total value of $122,373.88.

Snowflake Stock Performance

NYSE:SNOW traded down $4.91 during trading hours on Tuesday, reaching $165.42. The company had a trading volume of 7,881,788 shares, compared to its average volume of 6,671,893. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The business's 50 day moving average price is $197.83 and its 200-day moving average price is $222.79. The firm has a market cap of $56.61 billion, a PE ratio of -41.88 and a beta of 1.17.

Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the firm earned $0.30 EPS. The business's quarterly revenue was up 30.1% on a year-over-year basis. Research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several recent analyst reports. Morgan Stanley cut their price target on shares of Snowflake from $270.00 to $245.00 and set an "overweight" rating for the company in a report on Thursday, February 26th. The Goldman Sachs Group cut their target price on shares of Snowflake from $286.00 to $246.00 and set a "buy" rating for the company in a research note on Wednesday, February 11th. Needham & Company LLC decreased their price target on shares of Snowflake from $280.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Rosenblatt Securities reiterated a "buy" rating and issued a $275.00 price objective on shares of Snowflake in a report on Thursday, February 26th. Finally, Barclays reduced their target price on Snowflake from $204.00 to $192.00 and set an "equal weight" rating for the company in a report on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Snowflake presently has an average rating of "Moderate Buy" and an average price target of $248.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Reflection Asset Management acquired a new stake in shares of Snowflake in the fourth quarter valued at $106,000. MidFirst Bank acquired a new stake in Snowflake in the 4th quarter valued at about $132,000. Pacer Advisors Inc. boosted its stake in shares of Snowflake by 73.9% in the 4th quarter. Pacer Advisors Inc. now owns 33,923 shares of the company's stock valued at $7,441,000 after buying an additional 14,416 shares during the period. Virtu Financial LLC acquired a new position in shares of Snowflake during the fourth quarter worth about $1,706,000. Finally, Copos Capital S.a r.l. purchased a new stake in shares of Snowflake in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Citi and other analysts updated models after strong AI performance and Q4 results, with Citi raising its price target and maintaining a Buy — this supports upside expectations for SNOW. Read More.
• Positive Sentiment: New commercial partnerships and integrations (Capita multi‑year agreement to use Snowflake in AI Catalyst stacks; Rockfish Data integration for telecom synthetic data) expand enterprise adoption and monetization avenues for Snowflake’s AI Data Cloud. Read More. Read More.
• Positive Sentiment: Channel coverage highlights Snowflake’s momentum entering fiscal 2027 and partner ecosystem strength, which can help sustain revenue growth as AI workloads increase. Read More.
• Positive Sentiment: Investor commentary (Motley Fool) frames Snowflake as an emerging AI winner, reinforcing a narrative that the company can capture incremental demand from AI workloads. Read More.
• Neutral Sentiment: Snowflake signed an 83k ft² Midtown office lease — a sign of corporate footprint expansion but low direct impact on near-term earnings. Read More.
• Neutral Sentiment: Elevated investor attention and search interest were noted by market outlets (Zacks), which can increase short-term volatility but is not a fundamental driver by itself. Read More.
• Negative Sentiment: A wave of class-action lawsuits and law-firm notices allege securities fraud tied to disclosures around product efficiency, pricing and the debut of subscription offerings for AI tools; multiple firms are soliciting plaintiffs and the lead-plaintiff deadline is approaching — this legal overhang is the main downward pressure on the stock. Read More. Read More. Read More.

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.