Snowflake (NYSE:SNOW) Stock: Insider Christian Kleinerman Sells 10,000 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $306.01, for a total transaction of $3,060,100.00. Following the transaction, the executive vice president directly owned 303,738 shares of the company’s stock, valued at $92,946,865.38. This represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $341.57, for a total transaction of $5,123,550.00.
• On Tuesday, September 22nd, Christian Kleinerman sold 2,622 shares of Snowflake stock. The stock was sold at an average price of $344.50, for a total transaction of $903,279.00.
• On Wednesday, September 16th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The shares were sold at an average price of $318.51, for a total transaction of $951,070.86.
• On Wednesday, September 9th, Christian Kleinerman sold 2,730 shares of Snowflake stock. The stock was sold at an average price of $335.72, for a total value of $916,515.60.
• On Thursday, September 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $380.00, for a total value of $3,800,000.00.
• On Tuesday, September 1st, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $325.57, for a total value of $4,883,550.00.
• 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 value of $1,625,000.00.
• On Friday, August 7th, Christian Kleinerman sold 25,000 shares of Snowflake stock. The shares were sold at an average price of $325.00, for a total value of $8,125,000.00.

Snowflake Stock Performance

Snowflake stock traded down $4.89 on Wednesday, reaching $290.15. The company’s stock had a trading volume of 6,011,298 shares, compared to its average volume of 4,542,510. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94. The business’s fifty day moving average price is $330.47 and its 200 day moving average price is $240.60. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $384.56.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. As a group, equities research analysts forecast that Snowflake Inc. will post -1.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SNOW. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on shares of Snowflake in a research report on Thursday, September 3rd. TD Cowen upped their target price on shares of Snowflake from $370.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Needham & Company LLC reissued a “buy” rating and set a $450.00 price target on shares of Snowflake in a research note on Monday, October 12th. Truist Financial set a $425.00 price target on shares of Snowflake and gave the company a “buy” rating in a research note on Thursday, September 3rd. Finally, Rosenblatt Securities raised their price target on shares of Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. Thirty-six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.87.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: At Snowflake Expedition 2026, the company introduced autonomous AI agents and data-engineering tools, plus Business Ontology and expanded governance and audit controls. The features are designed to give enterprise agents trusted business context and automate data-pipeline work, potentially supporting customer adoption and usage growth. Read More. · Read More.
• Neutral Sentiment: USA Cycling selected Snowflake as its AI Data Cloud and collaboration partner. The partnership is a customer-validation point, but the announcement did not disclose its financial value. Read More.
• Negative Sentiment: Sector-wide selling weighed on Snowflake alongside other software names. Recent coverage attributed the broader weakness to concerns about AI-related spending and pressure following results from peers; this points to market sentiment rather than a newly reported Snowflake-specific setback. Read More. · Read More.
• Negative Sentiment: A Seeking Alpha article disclosed a rating downgrade, adding a cautious view of Snowflake’s AI growth story. The provided headline does not specify the downgrade’s rationale. Read More.

Hedge Funds Weigh In On Snowflake

Several large investors have recently bought and sold shares of the business. Silicon Valley Capital Partners lifted its stake in shares of Snowflake by 15.2% in the 2nd quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company’s stock valued at $15,801,000 after purchasing an additional 8,208 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Snowflake in the 2nd quarter worth $1,399,000. Diversify Wealth Management LLC grew its stake in shares of Snowflake by 395.3% during the first quarter. Diversify Wealth Management LLC now owns 123,007 shares of the company’s stock worth $17,371,000 after purchasing an additional 98,172 shares during the period. Swiss National Bank grew its stake in shares of Snowflake by 7.1% during the first quarter. Swiss National Bank now owns 944,600 shares of the company’s stock worth $142,465,000 after purchasing an additional 62,600 shares during the period. Finally, Ameritas Advisory Services LLC increased its holdings in Snowflake by 439.9% in the second quarter. Ameritas Advisory Services LLC now owns 7,181 shares of the company’s stock valued at $1,828,000 after purchasing an additional 5,851 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

About Snowflake

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.