Snowflake (NYSE:SNOW) EVP Christian Kleinerman Sells 25,000 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 25,000 shares of Snowflake stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the sale, the executive vice president owned 340,379 shares in the company, valued at approximately $110,623,175. This represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 7th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $325.00, for a total transaction of $1,625,000.00.
• On Monday, August 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were 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 stock was 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 value 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 value of $598,767.45.
• On Tuesday, June 16th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The stock was sold at an average price of $240.00, for a total value of $716,640.00.
• On Tuesday, June 9th, Christian Kleinerman sold 2,729 shares of Snowflake stock. The shares were sold at an average price of $239.00, for a total value of $652,231.00.
• On Monday, June 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $272.00, for a total value of $2,720,000.00.
• On Thursday, May 28th, Christian Kleinerman sold 100 shares of Snowflake stock. The stock was sold at an average price of $236.77, for a total value of $23,677.00.

Snowflake Price Performance

Shares of SNOW traded up $0.23 during midday trading on Tuesday, reaching $334.93. The stock had a trading volume of 3,653,409 shares, compared to its average volume of 5,130,999. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $116.09 billion, a P/E ratio of -95.15 and a beta of 1.33. The firm’s 50 day moving average price is $263.24 and its 200-day moving average price is $201.96. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $340.50.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. On average, analysts forecast that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Large AWS commitment supports growth prospects. Snowflake agreed to a multiyear, $6 billion commitment with Amazon Web Services, reinforcing expectations that enterprises will use Snowflake’s platform to develop and deploy AI applications. The deal, combined with strong interest in Snowflake’s AI tools ahead of its second-quarter results, has helped drive investor optimism. Snowflake Lands a $6 Billion AWS Deal
• Positive Sentiment: AI security and partner ecosystem are expanding. Snowflake launched Cortex AI Gateway to govern, secure, and coordinate first- and third-party AI agents. Integrations with Alteryx, Aembit, and 1Password further strengthen its AI Data Cloud and security ecosystem, potentially improving customer retention and broadening platform usage. Snowflake’s New AI Security Push
• Positive Sentiment: New integrations and customer adoption support enterprise demand. Alteryx One was added to Snowflake Marketplace, giving customers no-code tools for analytics, workflows, and automation using governed enterprise data. Snowflake also is powering Saudi Arabia’s Zahid Group’s data and AI transformation, offering evidence of continued international and enterprise adoption. Snowflake Added a No-Code AI Data App Snowflake Powers Zahid Group’s Data and AI Transformation
• Neutral Sentiment: Valuation is increasingly debated. Snowflake has delivered a substantial three-year return, and some discounted-cash-flow analysis indicates potential undervaluation. However, market-based valuation multiples and broader comparisons suggest the stock may already be expensive, particularly after its recent rally. Is Snowflake Stock a Bargain?
• Neutral Sentiment: An article about “Snowflake Volunteer” refers to an unrelated Tor Android application, not Snowflake Inc.; it should not affect SNOW shares. Snowflake Volunteer Tor Android App

Institutional Trading of Snowflake

Several large investors have recently added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new position in shares of Snowflake in the 2nd quarter valued at about $1,688,000. Whitener Capital Management Inc. acquired a new stake in shares of Snowflake during the second quarter worth approximately $225,000. Family Wealth Partners LLC purchased a new position in Snowflake during the second quarter valued at approximately $366,000. Canvas Wealth Advisors LLC purchased a new position in Snowflake during the second quarter valued at approximately $314,000. Finally, Stonekeep Investments LLC purchased a new position in shares of Snowflake during the 2nd quarter valued at $211,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SNOW shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Snowflake from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Evercore restated an “outperform” rating and set a $360.00 target price on shares of Snowflake in a report on Monday. Sanford C. Bernstein lifted their price target on shares of Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, May 28th. Citigroup upped their price target on Snowflake from $260.00 to $320.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, Stifel Nicolaus increased their price objective on Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Thirty-four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average target price of $301.00.

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.