Insider Selling: Snowflake (NYSE:SNOW) EVP Sells $1,650,100.00 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $165.01, for a total transaction of $1,650,100.00. Following the completion of the transaction, the executive vice president owned 510,477 shares in the company, 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 is available through the SEC website.

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

• On Monday, February 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $197.09, for a total value 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 Up 5.5%

Shares of NYSE:SNOW opened at $177.48 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The stock has a market capitalization of $60.73 billion, a P/E ratio of -44.93 and a beta of 1.16. The stock has a 50-day simple moving average of $194.68 and a 200-day simple moving average of $221.87.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS 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 for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm posted $0.30 earnings per share. Snowflake’s revenue for the quarter was up 30.1% compared to the same quarter last year. Equities analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 / FY2026 beat and AI positioning underpin optimism — Snowflake’s recent quarter showed product‑revenue strength and management emphasized AI platform momentum, which appears to be driving post‑earnings follow‑through. Snowflake shares rise 4.4%
• Positive Sentiment: Wall Street remains constructive with several buy/overweight ratings and above‑consensus price targets (median targets well above the current price), supporting upside expectations for a recovery if AI consumption grows. Wall Street Thinks SNOW Can Gain 40%
• Positive Sentiment: Broker and industry coverage (including Goldman/others) highlight potential AI upside from Snowflake’s platform and partner integrations — a catalyst for investors betting on accelerating consumption. Snowflake earnings beat
• Neutral Sentiment: Insider sale disclosed — EVP Christian Kleinerman sold 10,000 shares in early March; the sale is relatively small versus his remaining stake but may be noticed by short‑term traders. SEC Form 4
• Neutral Sentiment: Investor events and presentations (e.g., Morgan Stanley conference transcript) provide management color on strategy and AI roadmap — useful for modeling but not an immediate market mover. Morgan Stanley transcript
• Negative Sentiment: Multiple securities‑class action filings and investor alerts allege misleading disclosures tied to product/pricing after Snowflake’s AI offerings — the volume of filings increases headline risk, could pressure sentiment, and may result in legal costs or management distraction. Rosen Law Firm notice Pomerantz investor alert

Institutional Trading of Snowflake

Hedge funds have recently made changes to their positions in the stock. SHP Wealth Management bought a new stake in shares of Snowflake in the fourth quarter worth $39,000. Reflection Asset Management acquired a new position in Snowflake during the 4th quarter worth $106,000. MidFirst Bank bought a new stake in shares of Snowflake in the 4th quarter worth about $132,000. Pacer Advisors Inc. raised 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 purchasing an additional 14,416 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Snowflake during the fourth quarter worth about $1,706,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SNOW shares. Barclays cut their price objective on Snowflake from $204.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Raymond James Financial reiterated an “outperform” rating on shares of Snowflake in a report on Monday, February 2nd. DA Davidson decreased their price target on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Scotiabank lowered their price objective on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 26th. Finally, Stifel Nicolaus set a $205.00 target price on shares of Snowflake in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $248.58.

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.