Snowflake (NYSE:SNOW) EVP Sells 2,986 Shares

Key Points

• Snowflake EVP Christian Kleinerman sold 2,986 shares at an average price of $318.51, generating approximately $951,071. The sale was made under a Rule 10b5-1 plan to cover tax withholding, leaving him with 334,013 shares.
• Snowflake shares rose 2.3% to $330.26, while the company reported quarterly revenue of $1.55 billion, up 35.1% year over year, and earnings of $0.62 per share—beating analyst expectations.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $414.24 price target, although Snowflake remains unprofitable and its elevated valuation creates downside risk if AI-driven growth slows.

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 2,986 shares of Snowflake stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $318.51, for a total transaction of $951,070.86. Following the completion of the transaction, the executive vice president owned 334,013 shares in the company, valued at approximately $106,386,480.63. This trade represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 9th, Christian Kleinerman sold 2,730 shares of Snowflake stock. The stock was 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 shares were 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 shares were sold at an average price of $325.57, for a total value of $4,883,550.00.
• On Friday, August 7th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The stock was 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 shares were 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 transaction 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.

Snowflake Trading Up 2.3%

Shares of Snowflake stock traded up $7.28 during trading hours on Wednesday, hitting $330.26. The company's stock had a trading volume of 3,757,358 shares, compared to its average volume of 5,277,960. The business has a fifty day moving average of $307.79 and a 200 day moving average of $228.50. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $384.56. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $116.52 billion, a PE ratio of -103.85 and a beta of 1.33.

Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results 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. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business posted $0.35 EPS. The business's quarterly revenue was up 35.1% on a year-over-year basis. As a group, equities analysts forecast that Snowflake Inc. will post -1.57 EPS for the current year.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s second-quarter fiscal 2027 performance reportedly included approximately $1.55 billion in revenue, a reduced net loss, higher full-year product-revenue and operating-margin guidance, and a completed $3.7 billion share-repurchase program that retired about 25.4 million shares. The combination of stronger AI adoption, improved profitability expectations, and a smaller share count is supportive for the stock. How Investors May Respond To Snowflake AI-fueled Guidance Hike and $3.7 Billion Buyback
• Positive Sentiment: Snowflake introduced dynamic model routing designed to direct workloads to the most cost-effective AI models. Lowering enterprise AI spending could improve customer adoption and increase usage of Snowflake’s platform. Snowflake’s dynamic model routing aims to make enterprise AI more cost-efficient
• Positive Sentiment: QAD | Redzone’s ChampionAI, powered by Snowflake Cortex AI, is targeting manufacturing productivity, labor, and operational-pace challenges. The deployment provides another example of Snowflake’s AI technology being used in commercial applications. QAD | Redzone’s ChampionAI, Powered by Snowflake Cortex AI
• Positive Sentiment: Scotiabank raised its fiscal 2027 EPS estimate for Snowflake to a loss of $1.32 per share from a projected loss of $1.81 and maintained a “Sector Outperform” rating with a $440 price target. Scotiabank estimate update
• Positive Sentiment: Analyst commentary continues to highlight Snowflake’s faster growth, expanding customer base, and increasing AI adoption relative to Adobe, while momentum-focused coverage may attract additional investor interest. Snowflake vs. Adobe: Which Enterprise AI Stock Is a Better Buy?
• Neutral Sentiment: Snowflake’s support for UAE entrepreneurs building AI startups expands its ecosystem and international visibility, although the near-term financial impact is unclear. Snowflake backs UAE entrepreneurs building AI startups
• Negative Sentiment: The bullish growth case comes with valuation risk: Snowflake trades at a substantially richer valuation than Adobe despite continuing to report losses, leaving the stock vulnerable if AI growth or profitability disappoints. Snowflake versus Adobe valuation comparison

Institutional Investors Weigh In On Snowflake

Institutional investors and hedge funds have recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in shares of Snowflake during the second quarter worth $76,000. Sequoia Financial Advisors LLC grew its position in shares of Snowflake by 14.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 39,598 shares of the company's stock valued at $10,078,000 after buying an additional 4,927 shares during the last quarter. MCF Advisors LLC grew its position in shares of Snowflake by 1,557.9% during the 2nd quarter. MCF Advisors LLC now owns 315 shares of the company's stock valued at $80,000 after buying an additional 296 shares during the last quarter. National Pension Service raised its stake in Snowflake by 3.3% during the second quarter. National Pension Service now owns 690,349 shares of the company's stock worth $175,694,000 after acquiring an additional 21,915 shares during the period. Finally, Engineers Gate Manager LP raised its stake in Snowflake by 434.3% during the second quarter. Engineers Gate Manager LP now owns 156,869 shares of the company's stock worth $39,923,000 after acquiring an additional 127,511 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SNOW has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised their price target on shares of Snowflake from $325.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. Truist Financial set a $425.00 price objective on Snowflake and gave the company a "buy" rating in a research note on Thursday, September 3rd. Weiss Ratings restated a "sell (e+)" rating on shares of Snowflake in a report on Tuesday, September 8th. KeyCorp increased their target price on Snowflake from $285.00 to $325.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Finally, Cantor Fitzgerald raised their price target on shares of Snowflake from $405.00 to $430.00 and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. Thirty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $414.24.

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.

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.