Snowflake (NYSE:SNOW) EVP Christian Kleinerman Sells 10,000 Shares

Key Points

• EVP Christian Kleinerman sold 10,000 Snowflake shares on Feb. 2 at an average price of $197.09 for about $1.97M, leaving him with 461,351 shares (a 2.12% reduction, valued at roughly $90.93M).
• Snowflake shares fell 9.6% to $172.36 on heavy volume amid investor skepticism, despite strategic AI initiatives — including a $200M OpenAI partnership and new Cortex products — with fiscal Q4 results (Feb. 25) and a Morgan Stanley presentation (Mar. 3) as near-term catalysts.

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total transaction of $1,970,900.00. Following the completion of the transaction, the executive vice president directly owned 461,351 shares in the company, valued at $90,927,668.59. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, January 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was 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 transaction 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 stock was sold at an average price of $223.31, for a total transaction of $122,373.88.
• On Monday, December 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $249.53, for a total transaction of $2,495,300.00.

Snowflake Trading Down 9.6%

Shares of NYSE SNOW traded down $18.32 during trading on Tuesday, reaching $172.36. The company had a trading volume of 13,795,088 shares, compared to its average volume of 4,929,084. The stock has a market cap of $58.98 billion, a P/E ratio of -42.66 and a beta of 1.14. The company's fifty day moving average price is $222.31 and its 200-day moving average price is $227.98. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67.

Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. Snowflake's quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 earnings per share. As a group, research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SNOW shares. Cantor Fitzgerald increased their price target on Snowflake from $275.00 to $278.00 and gave the company an "overweight" rating in a research report on Thursday, December 4th. Macquarie boosted their target price on Snowflake from $235.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, December 4th. Evercore ISI upped their target price on Snowflake from $280.00 to $300.00 and gave the company an "outperform" rating in a report on Thursday, December 4th. TD Cowen reiterated a "buy" rating on shares of Snowflake in a report on Thursday, December 4th. Finally, DA Davidson restated a "buy" rating and issued a $300.00 price objective on shares of Snowflake in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $275.58.

Institutional Investors Weigh In On Snowflake

Several hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Wealth LLC grew its stake in Snowflake by 12.1% during the fourth quarter. NewEdge Wealth LLC now owns 12,435 shares of the company's stock valued at $2,728,000 after acquiring an additional 1,343 shares in the last quarter. Washington Trust Advisors Inc. boosted its holdings in Snowflake by 2.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 57,899 shares of the company's stock valued at $12,701,000 after purchasing an additional 1,138 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Snowflake by 16.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 2,855 shares of the company's stock valued at $626,000 after purchasing an additional 405 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC grew its position in shares of Snowflake by 36.8% during the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 3,759 shares of the company's stock valued at $825,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Maxi Investments CY Ltd increased its holdings in shares of Snowflake by 33.4% in the fourth quarter. Maxi Investments CY Ltd now owns 31,340 shares of the company's stock worth $6,875,000 after purchasing an additional 7,840 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Large OpenAI partnership that could drive consumption and stickiness — Snowflake struck a multi‑year, $200 million deal to integrate OpenAI models (e.g., GPT) into its Cortex services, a move that can expand high‑margin consumption revenue by running models directly on customer data. Snowflake partners with OpenAI in $200 million AI deal
• Positive Sentiment: New AI products to accelerate adoption — Snowflake launched Cortex Code (an AI coding agent) and Semantic View Autopilot to automate semantic views and speed data→AI projects, which could increase platform usage and revenue per customer. Snowflake Unveils Cortex Code
• Positive Sentiment: PostgreSQL runs natively in the AI Data Cloud — Snowflake announced Snowflake Postgres (PostgreSQL support natively in the platform), which helps consolidate transactions and analytics on one platform and can reduce customer friction for migration/expansion. Snowflake plugs PostgreSQL into its AI Data Cloud
• Positive Sentiment: Wall Street backing and analyst commentary — Several analysts reiterated buy/outperform views (Bank of America, DA Davidson) and bullish notes (Zacks) that underscore expectations for upside if AI integrations drive faster consumption. Bank of America Securities Reiterates a Buy on Snowflake Inc. (SNOW)
• Neutral Sentiment: Industry and partner ecosystem moves — Snowflake is participating in Open Semantic Interchange (OSI) efforts and adding partners (e.g., Collate, Avaap partner status) to improve interoperability and broaden GTM. These are strategic positives but incremental near term. Collate Joins Snowflake and Industry Leaders to Advance Open Semantic Interchange (OSI)
• Neutral Sentiment: Upcoming catalysts to watch — Snowflake will report fiscal Q4 results on Feb. 25 and present at Morgan Stanley’s TMT conference on Mar. 3; both events are likely to move the stock depending on guidance and AI consumption signals. Snowflake to Announce Financial Results for the Fourth Quarter
• Negative Sentiment: Securities‑loss investigation — Law firm Johnson Fistel is investigating whether Snowflake or its officers violated securities laws, which can create legal overhang and investor caution until resolved. Snowflake Inc. (SNOW) Shareholders Are Encouraged to Reach Out to Johnson Fistel
• Negative Sentiment: Board change after acquisition — A director resigned following the Observe acquisition, which could raise short‑term governance or integration questions. Snowflake director resigns following Observe acquisition completion
• Negative Sentiment: Muted market reaction and margin concerns — Analysts and market commentary note the stock’s reaction to headlines has been muted as investors demand proof in the form of stronger consumption growth and durable margins; that skepticism likely contributes to today’s decline. Snowflake’s $200M Bet: Can The OpenAI Deal Fix The Slump?

About Snowflake

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.

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