Christian Kleinerman Sells 2,986 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 2,986 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $175.34, for a total value of $523,565.24. Following the sale, the executive vice president owned 496,052 shares of the company’s stock, valued at approximately $86,977,757.68. This represents a 0.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, March 10th, Christian Kleinerman sold 550 shares of Snowflake stock. The shares were sold at an average price of $182.44, for a total value of $100,342.00.
• On Monday, March 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $165.01, for a total value 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.
• On Tuesday, December 23rd, Christian Kleinerman sold 4,755 shares of Snowflake stock. The stock was sold at an average price of $224.30, for a total transaction of $1,066,546.50.

Snowflake Stock Performance

Shares of NYSE SNOW traded down $1.41 during midday trading on Wednesday, reaching $173.20. The company had a trading volume of 4,250,460 shares, compared to its average volume of 6,569,027. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The business’s 50-day simple moving average is $187.47 and its 200 day simple moving average is $220.60. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company earned $0.30 earnings per share. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, equities research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SNOW. Piper Sandler reduced their price objective on Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Barclays cut their price target on shares of Snowflake from $204.00 to $192.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Zacks Research upgraded shares of Snowflake from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Robert W. Baird upped their price objective on shares of Snowflake from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Finally, Scotiabank cut their price objective on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Hedge Funds Weigh In On Snowflake

Several large investors have recently made changes to their positions in the company. Total Clarity Wealth Management Inc. increased its holdings in Snowflake by 2.7% in the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after buying an additional 40 shares in the last quarter. Diligent Investors LLC grew its position in shares of Snowflake by 0.9% during the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after acquiring an additional 40 shares during the period. Coastline Trust Co increased its stake in shares of Snowflake by 1.0% in the 3rd quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock valued at $943,000 after purchasing an additional 42 shares in the last quarter. CX Institutional increased its stake in shares of Snowflake by 13.2% in the 3rd quarter. CX Institutional now owns 421 shares of the company’s stock valued at $95,000 after purchasing an additional 49 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings in Snowflake by 44.1% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after purchasing an additional 49 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced Project SnowWork, a research‑preview autonomous enterprise AI platform that executes multi‑step tasks from conversational prompts — a strategic push from insights to execution that could expand product uptake and monetization of agentic AI capabilities. Snowflake Launches Project SnowWork
• Positive Sentiment: Coverage highlights the autonomous AI layer as differentiated product innovation (agentic AI that “does the work”), which supports Snowflake’s narrative of expanding AI features and partner integrations. Infoworld: Snowflake’s new autonomous AI layer
• Positive Sentiment: Bank of America reiterated a Buy rating and $275 price target after an investor meeting, signaling continued analyst conviction that Snowflake can grow despite sector headwinds. Bank of America reiterates Buy
• Neutral Sentiment: Recent commentary reiterates Snowflake’s solid Q4/product momentum (≈30% revenue growth, expanded AI features), but some analysts remain cautious about valuation and competitive pressure from Databricks. Revenue beats; mixed analyst views
• Neutral Sentiment: Company executives discussed Project SnowWork on NYSE media, giving investors more color on capabilities and go‑to‑market plans — useful for judging adoption timing but not an immediate revenue inflection. NYSE interview on Project SnowWork
• Negative Sentiment: Numerous law firms issued class‑action notices and investor alerts related to purchases between June 27, 2023 and Feb 28, 2024, with an April 27, 2026 deadline to seek lead‑plaintiff status — a wave of litigation headlines that can pressure the stock, increase legal costs, and create uncertainty. GlobeNewswire: Investor Alert (RGRD Law)
• Negative Sentiment: The litigation notices are broad and repeated by multiple firms (Robbins LLP, Levi & Korsinsky, Pomerantz, Rosen, etc.), amplifying media coverage and short‑term investor concern. PR Newswire: Robbins LLP notice

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.