Insider Selling: Snowflake (NYSE:SNOW) EVP Sells $445,596.21 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 2,621 shares of Snowflake stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $170.01, for a total value of $445,596.21. Following the completion of the sale, the executive vice president directly owned 533,494 shares in the company, valued at approximately $90,699,314.94. This represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, March 17th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The stock was sold at an average price of $175.34, for a total value of $523,565.24.
• On Tuesday, March 10th, Christian Kleinerman sold 550 shares of Snowflake stock. The stock was sold at an average price of $182.44, for a total transaction of $100,342.00.
• On Monday, March 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $165.01, for a total transaction of $1,650,100.00.
• 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 stock was sold at an average price of $219.90, for a total transaction of $2,199,000.00.

Snowflake Stock Performance

Shares of SNOW opened at $152.98 on Friday. The stock has a market capitalization of $52.35 billion, a price-to-earnings ratio of -38.73 and a beta of 1.16. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67. The firm has a fifty day simple moving average of $179.42 and a 200 day simple moving average of $217.21. The company has a current ratio of 1.30, a quick ratio of 1.37 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (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 50.61%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business earned $0.30 EPS. The company’s revenue was up 30.1% compared to the same quarter last year. Research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SNOW shares. BTIG Research dropped their target price on Snowflake from $312.00 to $235.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. DA Davidson decreased their price target on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. KeyCorp lowered their price target on Snowflake from $285.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Zacks Research upgraded Snowflake from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. cut their price objective on Snowflake from $268.00 to $245.00 and set an “overweight” 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, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Company AI/product momentum: sell‑side and industry pieces highlight Snowflake’s new agentic AI initiatives (Project SnowWork / Cortex) as drivers of longer‑term revenue and product adoption, and at least one broker reiterated bullish views after meetings with management. Snowflake’s AI Bet Stifel/Benzinga Cortex Coverage
• Positive Sentiment: Partnerships and ecosystem updates extend product reach (examples include NINJIO and Denodo collaborations), supporting adoption that can underpin revenue growth over time. NINJIO Partnership Denodo Joins Snowflake
• Neutral Sentiment: Analyst and sector writeups balance Snowflake’s strong revenue/AI tailwinds with intensifying cloud competition and valuation questions — useful context but not an immediate catalyst. Zacks: Cloud Analytics
• Negative Sentiment: Insider selling has triggered headline risk: recent SEC filings and reports show executive sales (including CAO Emily Ho and other insiders), and a summary report put total recent insider sales near ~$11M — investors often view clustered insider selling as a near‑term negative. Yahoo: Insiders Sold $11M InsiderTrades Form 4
• Negative Sentiment: Legal headlines: multiple law firms have filed or solicited plaintiffs in securities class actions and are pushing an April 27, 2026 lead‑plaintiff deadline — ongoing litigation risk can keep shares under pressure. Rosen Law Firm Notice
• Negative Sentiment: Short‑term sector and post‑earnings pressure: coverage noting Snowflake is down since its last report and broader SaaS/AI volatility has exacerbated outflows from high‑multiple cloud names. Yahoo: Why Is SNOW Down Zacks: Down Since Earnings

Hedge Funds Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently bought and sold shares of SNOW. Sumitomo Mitsui Trust Group Inc. raised its holdings in Snowflake by 1.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock valued at $165,123,000 after acquiring an additional 8,002 shares during the period. Federated Hermes Inc. lifted its position in Snowflake by 13.5% during the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock worth $92,047,000 after acquiring an additional 48,411 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Snowflake during the third quarter worth approximately $116,882,000. Penserra Capital Management LLC grew its position in shares of Snowflake by 32.8% in the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock valued at $34,586,000 after purchasing an additional 37,911 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Snowflake by 3.1% during the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock worth $6,461,465,000 after purchasing an additional 857,832 shares during the period. Institutional investors own 65.10% of the company’s stock.

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.