Snowflake (NYSE:SNOW) EVP Christian Kleinerman Sells 5,000 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 5,000 shares of Snowflake stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $236.77, for a total transaction of $1,183,850.00. Following the sale, the executive vice president owned 528,494 shares of the company’s stock, valued at approximately $125,131,524.38. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 28th, Christian Kleinerman sold 100 shares of Snowflake stock. The shares were sold at an average price of $236.77, for a total transaction of $23,677.00.
• On Monday, March 23rd, Christian Kleinerman sold 2,621 shares of Snowflake stock. The shares were sold at an average price of $170.01, for a total transaction of $445,596.21.
• On Tuesday, March 17th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The shares were sold at an average price of $175.34, for a total transaction of $523,565.24.
• 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 transaction 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 transaction of $1,650,100.00.

Snowflake Price Performance

Snowflake stock traded up $16.74 during mid-day trading on Friday, hitting $255.94. 19,860,842 shares of the company traded hands, compared to its average volume of 9,459,329. Snowflake Inc. has a one year low of $118.30 and a one year high of $280.67. The stock has a market cap of $88.48 billion, a price-to-earnings ratio of -72.71 and a beta of 1.08. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a fifty day moving average price of $156.69 and a 200-day moving average price of $190.95.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business posted $0.24 earnings per share. Snowflake’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, equities analysts predict that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
• Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
• Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SNOW. Kemnay Advisory Services Inc. purchased a new position in shares of Snowflake in the fourth quarter worth $28,000. Greenline Wealth Management LLC purchased a new position in shares of Snowflake in the fourth quarter worth $29,000. GoalVest Advisory LLC increased its stake in shares of Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after buying an additional 93 shares during the period. Physician Wealth Advisors Inc. increased its stake in shares of Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after buying an additional 51 shares during the period. Finally, Emerald Advisers LLC increased its stake in shares of Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after buying an additional 100 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SNOW. Stifel Nicolaus boosted their price objective on shares of Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen boosted their price objective on shares of Snowflake from $255.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America boosted their price objective on shares of Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company boosted their price objective on shares of Snowflake from $210.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Canaccord Genuity Group boosted their price objective on shares of Snowflake from $240.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $284.38.

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.