Snowflake (NYSE:SNOW) EVP Sells $100,342.00 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 550 shares of Snowflake stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $182.44, for a total transaction of $100,342.00. Following the sale, the executive vice president directly owned 501,835 shares of the company’s stock, valued at $91,554,777.40. This represents a 0.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 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 value 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 value 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 value of $1,066,546.50.
• On Tuesday, December 16th, Christian Kleinerman sold 2,975 shares of Snowflake stock. The shares were sold at an average price of $212.45, for a total value of $632,038.75.

Snowflake Stock Up 2.3%

Shares of SNOW stock traded up $3.98 on Wednesday, hitting $179.30. The stock had a trading volume of 3,480,466 shares, compared to its average volume of 6,898,770. Snowflake Inc. has a one year low of $120.10 and a one year high of $280.67. The business has a 50 day moving average price of $192.07 and a 200 day moving average price of $221.90. 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 (NYSE:SNOW) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 EPS 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 business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, research analysts predict that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst upgrades and bullish coverage — Recent analyst notes and feature pieces upgraded Snowflake’s outlook, highlighting strong revenue growth, accelerating AI products and improved margin guidance; this bullish coverage is supporting buying interest. Snowflake Gets Upgrade As Tesla Faces Caution
• Positive Sentiment: New AI/ROI research reinforces demand narrative — Snowflake’s joint reports (with Omdia and Hakkoda/IBM) show enterprise AI projects producing positive ROI and net job gains, and highlight interoperability as essential in healthcare — evidence that Snowflake’s AI/data platform is driving real spend. Snowflake AI Report Links Enterprise ROI And Jobs To Long Term Demand
• Positive Sentiment: Buy thesis from independent analysts — Several bullish write-ups (e.g., Seeking Alpha) argue the recent pullback creates a contrarian buying opportunity given strong Q4 results, Cortex adoption and accelerating AI product monetization. Snowflake: Why I Am Buying The SaaS Meltdown (Rating Upgrade)
• Neutral Sentiment: Nuanced AI employment findings — Coverage of a 2,000‑IT executive survey and related stories show AI’s workforce impact is mixed and context-dependent; useful for narrative but not an immediate catalyst. Is AI stealing our jobs? A survey of 2,000 IT executives reveals a complicated answer
• Neutral Sentiment: Mixed near‑term technical/valuation commentary — Analyst notes and market pieces point to a ~19% three‑month decline and margin pressure, framing SNOW as higher‑upside but higher‑volatility; useful for risk/reward context but not a direct news catalyst. Is SNOW Stock a Buy, Hold, or Sell After a 19% Decline in Three Months?
• Negative Sentiment: Multiple securities class‑action notices — Several law firms have filed or are soliciting lead‑plaintiff interest alleging disclosure issues for the June 27, 2023–Feb 28, 2024 period; heightened litigation risk can create legal costs, management distraction and pressure on the valuation multiple. SNOW SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP
• Negative Sentiment: Insider selling disclosed — Director Michael Speiser sold ~50k shares (~$8.8M) in early March, markedly reducing his stake; material insider sales can weigh on sentiment even if unrelated to company fundamentals. Snowflake Director Sells $8,818,714.22 in Stock

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNOW. Brighton Jones LLC grew its stake in shares of Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after acquiring an additional 29,320 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after purchasing an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in Snowflake during the 2nd quarter worth approximately $529,000. Finally, Wedbush Securities Inc. grew its position in Snowflake by 1.3% during the 2nd quarter. Wedbush Securities Inc. now owns 3,717 shares of the company’s stock worth $832,000 after purchasing an additional 48 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on Snowflake from $290.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Zacks Research raised Snowflake from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. UBS Group decreased their price objective on Snowflake from $265.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. DA Davidson dropped their price objective on Snowflake from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Stifel Nicolaus set a $205.00 target price on Snowflake in a research note on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

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.