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

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

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

• On Tuesday, March 10th, Christian Kleinerman sold 550 shares of Snowflake stock. The stock was 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 stock was sold at an average price of $165.01, for a total transaction 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 value of $1,066,546.50.

Snowflake Stock Performance

SNOW opened at $173.20 on Thursday. The business’s 50-day moving average price is $186.27 and its two-hundred day moving average price is $220.27. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The company has a market capitalization of $59.27 billion, a price-to-earnings ratio of -43.85 and a beta of 1.16. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37.

Snowflake (NYSE:SNOW) last issued its quarterly 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. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. Equities analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Snowflake

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $270.00 price target on shares of Snowflake in a research report on Thursday, December 4th. BTIG Research lowered their price objective on shares of Snowflake from $312.00 to $235.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of Snowflake in a research report on Monday, February 23rd. Needham & Company LLC reduced their target price on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Evercore raised their target price on shares of Snowflake from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $248.58.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced Project SnowWork, an autonomous enterprise AI platform (research preview) that aims to move users from insights to execution — a meaningful product expansion that could drive higher usage, upsells and differentiation vs. peers if adoption follows. Snowflake Launches Project SnowWork, Bringing Outcome-Driven AI to Every Business User
• Positive Sentiment: Bank of America reiterated a Buy rating and $275 price target after meeting Snowflake’s CFO — a vote of confidence from a major sell-side shop that can help support sentiment and institutional demand. Snowflake seen as standout software story despite muted sector sentiment, Bank of America believes
• Neutral Sentiment: NYSE and company media coverage (executive interviews and pre-market writeups) are amplifying the SnowWork narrative — good for visibility but not an immediate revenue guarantee. NYSE Content Update: Snowflake to Unveil AI Platform to Get Work Done Faster
• Negative Sentiment: Multiple law firms issued class-action notices and investor alerts relating to an existing securities suit (covering purchases between June 27, 2023 and Feb 28, 2024) and are soliciting lead plaintiffs with an April 27 deadline — this legal overhang can pressure sentiment and increase perceived litigation risk. INVESTOR ALERT: Snowflake Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit – RGRD Law
• Negative Sentiment: Insider sales: EVP Christian Kleinerman sold ~2,986 shares (~$523k) and Director/CEO-level director Frank Slootman sold ~7,874 shares (~$1.38M). While both remain large holders, the disclosed sells can be interpreted as tactical cashing out and add short-term selling pressure. Kleinerman SEC Form 4 Slootman SEC Form 4

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.