Christian Kleinerman Sells 2,621 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 2,621 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $170.01, for a total transaction of $445,596.21. Following the transaction, the executive vice president directly owned 533,494 shares of the company’s stock, valued at $90,699,314.94. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value of $523,565.24.
• 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 value 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 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 shares were sold at an average price of $219.90, for a total value of $2,199,000.00.

Snowflake Stock Down 7.5%

Snowflake stock opened at $161.21 on Wednesday. The stock’s 50 day moving average price is $182.41 and its 200 day moving average price is $218.51. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The company has a market cap of $55.17 billion, a PE ratio of -40.81 and a beta of 1.16. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.37.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. Snowflake’s revenue was up 30.1% compared to the same quarter last year. On average, sell-side analysts predict that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNOW. Purpose Unlimited Inc. acquired a new stake in shares of Snowflake in the fourth quarter valued at approximately $571,000. Rockefeller Capital Management L.P. increased its stake in shares of Snowflake by 39.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 363,999 shares of the company’s stock worth $79,847,000 after purchasing an additional 102,534 shares in the last quarter. Osbon Capital Management LLC acquired a new position in shares of Snowflake during the 4th quarter worth approximately $47,000. Spear Advisors LLC acquired a new position in shares of Snowflake during the 4th quarter worth approximately $2,382,000. Finally, World Investment Advisors lifted its stake in Snowflake by 45.6% in the 4th quarter. World Investment Advisors now owns 5,280 shares of the company’s stock valued at $1,158,000 after buying an additional 1,653 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Company expanding its AI product roadmap with Project SnowWork — an enterprise agentic AI initiative that aims to bring data-grounded AI agents to business users; this reinforces Snowflake’s strategic positioning in the fast-growing enterprise AI market. Snowflake launches Project SnowWork
• Positive Sentiment: Industry collaboration and data/AI interoperability momentum — Denodo joined the Open Semantic Interchange with Snowflake and other leaders, which could boost ecosystem adoption and make multi‑vendor integrations easier for customers. Denodo joins Open Semantic Interchange
• Positive Sentiment: New partner integrations (security and analytics) continue to expand use cases — NINJIO announced a reporting product built with Snowflake and Sigma, reinforcing demand for Snowflake as an AI/data foundation. NINJIO partners with Snowflake
• Neutral Sentiment: Analyst and media coverage remains mixed-to-positive: several outlets compare Snowflake to other AI/data names (Innodata) and note investor attention; these pieces can drive trading interest but are not immediate catalysts. Innodata vs. Snowflake
• Neutral Sentiment: Partner ecosystem activity (e.g., Fivetran customer wins that route data into Snowflake) supports long-term demand but is a gradual positive rather than an immediate price driver. Fivetran selected by WM New Zealand
• Negative Sentiment: Multiple law firms filed or circulated class-action notices alleging securities fraud for purchases between June 27, 2023 and Feb. 28, 2024 (lead-plaintiff deadlines around Apr. 27, 2026). The proliferation of filings and reminder notices (Rosen, Pomerantz, Schall, Bernstein, Faruqi, Levi & Korsinsky, others) increases legal uncertainty and can pressure the stock via potential damages, defense costs, and investor anxiety. Rosen Law Firm notice Schall Law Firm notice
• Negative Sentiment: Recent reports of large insider stock sales (director-level transactions reported) add to near-term selling pressure and negative investor optics. Director sells $15.6M in stock Director sells $1.98M in stock
• Negative Sentiment: Broader SaaS/AI rotation and valuation scrutiny continue to weigh on Snowflake despite strong growth metrics — the sector sell-off has been a persistent headwind. Valuation check / Project SnowWork analysis

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SNOW. Morgan Stanley reduced their price objective on shares of Snowflake from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. The Goldman Sachs Group lowered their target price on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. JPMorgan Chase & Co. reduced their price target on shares of Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Monness Crespi & Hardt boosted their price target on Snowflake from $275.00 to $282.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Robert W. Baird boosted their price target on Snowflake from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $248.58.

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.