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

Key Points

• Snowflake EVP Christian Kleinerman sold 15,000 shares at an average price of $341.57, generating approximately $5.1 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 313,738 shares.
• Snowflake shares traded near $341.40, with a market capitalization of roughly $120.5 billion. The company recently exceeded quarterly earnings and revenue expectations, reporting $1.55 billion in revenue and 35.1% year-over-year growth.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $414.24, while institutional investors own approximately 65.1% of the stock.

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $341.57, for a total transaction of $5,123,550.00. Following the completion of the sale, the executive vice president directly owned 313,738 shares in the company, valued at $107,163,488.66. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 Tuesday, September 22nd, Christian Kleinerman sold 2,622 shares of Snowflake stock. The stock was sold at an average price of $344.50, for a total transaction of $903,279.00.
• 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 stock was sold at an average price of $335.72, for a total transaction 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 transaction 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 transaction 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 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 shares were sold at an average price of $300.00, for a total value of $6,000,000.00.

Snowflake Trading Down 0.2%

NYSE:SNOW traded down $0.59 on Friday, hitting $341.40. 3,302,987 shares of the stock were exchanged, compared to its average volume of 4,260,720. The stock has a fifty day moving average of $323.70 and a 200-day moving average of $242.06. The stock has a market cap of $120.45 billion, a PE ratio of -107.36 and a beta of 1.35. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. 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 released 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. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company posted $0.35 EPS. The company's revenue was up 35.1% compared to the same quarter last year. As a group, equities analysts expect that Snowflake Inc. will post -1.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Snowflake

Several hedge funds and other institutional investors have recently bought and sold shares of SNOW. Nuveen LLC raised its stake in shares of Snowflake by 2.3% during the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company's stock valued at $1,157,749,000 after purchasing an additional 116,521 shares during the period. Janus Henderson Group PLC grew its holdings in Snowflake by 22.2% during the 1st quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company's stock valued at $452,014,000 after purchasing an additional 544,960 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in Snowflake by 44.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company's stock valued at $392,259,000 after purchasing an additional 803,110 shares in the last quarter. Swedbank AB increased its stake in Snowflake by 24.0% during the 1st quarter. Swedbank AB now owns 1,649,771 shares of the company's stock worth $248,818,000 after buying an additional 319,356 shares during the period. Finally, Jericho Capital Asset Management L.P. purchased a new stake in Snowflake during the 4th quarter worth $345,619,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SNOW has been the topic of a number of recent research reports. Piper Sandler reaffirmed an "overweight" rating and set a $450.00 price target (up from $320.00) on shares of Snowflake in a research report on Thursday, September 3rd. Needham & Company LLC increased their price objective on shares of Snowflake from $330.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. KeyCorp raised their target price on shares of Snowflake from $285.00 to $325.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Monness Crespi & Hardt lifted their target price on shares of Snowflake from $380.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. Finally, Morgan Stanley lifted their target price on shares of Snowflake from $300.00 to $470.00 and gave the company an "overweight" rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $414.24.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: An analyst argues that Snowflake’s AI-fueled growth and consumption-based business model could support approximately 25% additional upside, reinforcing the bullish case after the stock’s roughly 50% advance. Snowflake Is Already Up 50%. One Analyst Still Sees 25% Further Upside.
• Positive Sentiment: Snowflake is promoting its AI Data Cloud and “agentic enterprise” strategy, potentially strengthening expectations for future AI-related demand and customer adoption. Snowflake lays out what is business needs to be truly agentic
• Positive Sentiment: A 30-day trial offering with up to $400 in incentives could help broaden customer adoption of Snowflake’s AI Data Cloud, although the effect on near-term revenue is uncertain. Snowflake will give you 30 days and up to $400 to try its AI Data Cloud
• Neutral Sentiment: Snowflake’s revenue growth remains strong and stock-based compensation is declining as a percentage of sales, but investors continue to question whether free cash flow can grow quickly enough to offset the economic cost of employee equity awards. Can Snowflake’s Growth Outrun Its Stock Compensation Bill?
• Negative Sentiment: Executives disclosed sizable stock sales: EVP Christian Kleinerman sold $5.1 million of shares, while director Michael Speiser sold approximately $17.5 million across two transactions. The trades were made under pre-arranged Rule 10b5-1 plans, reducing their signal as discretionary bearish bets, but still add supply and may concern investors.
• Negative Sentiment: Snowflake announced an upsized $3.75 billion convertible senior-notes offering. The financing increases liquidity but may create future dilution and reflects the risks associated with funding growth through convertible debt. Snowflake Announces Upsized $3.75 Billion Convertible Senior Notes
• Negative Sentiment: Shares have decreased since the latest earnings report despite revenue and EPS exceeding estimates, indicating that valuation, guidance or post-earnings expectations remain hurdles for the stock. Why Is Snowflake Down Since Last Earnings Report?

Snowflake Company Profile

Snowflake Inc NYSE: SNOW provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.

Snowflake's services include cloud data storage and computing, data sharing and collaboration tools, governance and security capabilities, and access to third-party data through the Snowflake Marketplace.

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