Insider Selling: Snowflake (NYSE:SNOW) EVP Sells $3,800,000.00 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $380.00, for a total value of $3,800,000.00. Following the sale, the executive vice president directly owned 18,568 shares of the company’s stock, valued at approximately $7,055,840. The trade was a 35.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 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 transaction of $4,883,550.00.
• On Friday, August 7th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The stock was sold at an average price of $325.00, for a total transaction of $1,625,000.00.
• On Friday, August 7th, Christian Kleinerman sold 25,000 shares of Snowflake stock. The stock was sold at an average price of $325.00, for a total transaction of $8,125,000.00.
• On Monday, August 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $297.00, for a total transaction of $2,970,000.00.
• On Friday, July 31st, Christian Kleinerman sold 9,986 shares of Snowflake stock. The stock was sold at an average price of $300.00, for a total transaction of $2,995,800.00.
• On Friday, July 31st, Christian Kleinerman sold 20,000 shares of Snowflake stock. The stock was sold at an average price of $300.00, for a total value of $6,000,000.00.
• On Wednesday, July 1st, Christian Kleinerman sold 2,500 shares of Snowflake stock. The shares were sold at an average price of $258.56, for a total value of $646,400.00.
• On Tuesday, June 23rd, Christian Kleinerman sold 2,621 shares of Snowflake stock. The stock was sold at an average price of $228.45, for a total value of $598,767.45.
• On Tuesday, June 16th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The shares were sold at an average price of $240.00, for a total value of $716,640.00.
• On Tuesday, June 9th, Christian Kleinerman sold 2,729 shares of Snowflake stock. The shares were sold at an average price of $239.00, for a total value of $652,231.00.

Snowflake Stock Up 16.7%

NYSE:SNOW traded up $50.94 during trading hours on Thursday, reaching $356.78. 21,795,365 shares of the stock were exchanged, compared to its average volume of 4,323,452. The firm has a 50 day moving average of $293.26 and a 200 day moving average of $218.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $123.66 billion, a PE ratio of -112.19 and a beta of 1.33. 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 net margin of 20.07% and a negative return on equity of 47.20%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm’s revenue was up 35.1% on a year-over-year basis. On average, equities analysts expect that Snowflake Inc. will post -1.81 earnings per share for the current year.

Hedge Funds Weigh In On Snowflake

Hedge funds have recently bought and sold shares of the business. Range Advisory LLC bought a new position in Snowflake during the second quarter worth about $210,000. Carlson Financial Inc. bought a new stake in Snowflake in the 2nd quarter valued at about $240,000. California State Teachers Retirement System grew its position in shares of Snowflake by 25,944.6% during the 2nd quarter. California State Teachers Retirement System now owns 127,340,602 shares of the company’s stock worth $32,408,183,000 after purchasing an additional 126,851,670 shares in the last quarter. Alan B Lancz & Associates Inc. acquired a new position in shares of Snowflake during the 2nd quarter worth approximately $202,000. Finally, Ameritas Advisory Services LLC increased its holdings in shares of Snowflake by 439.9% during the second quarter. Ameritas Advisory Services LLC now owns 7,181 shares of the company’s stock worth $1,828,000 after purchasing an additional 5,851 shares during the period. 65.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SNOW shares. Raymond James Financial increased their price objective on shares of Snowflake from $275.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup lifted their target price on shares of Snowflake from $395.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley upped their price target on shares of Snowflake from $300.00 to $470.00 and gave the company an “overweight” rating in a research note on Thursday. BTIG Research raised their price objective on shares of Snowflake from $340.00 to $424.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Loop Capital boosted their price objective on Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Thirty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $410.19.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong earnings beat and accelerating growth: Snowflake reported adjusted earnings of $0.62 per share, ahead of the $0.45 consensus estimate, while revenue rose 35.1% year over year to $1.55 billion, topping the $1.48 billion forecast. Product revenue increased 37% to approximately $1.49 billion. Snowflake spikes on healthy results and AI coding momentum
• Positive Sentiment: AI demand is becoming a growth catalyst: Management said AI contributed about half of the company’s outperformance, with adoption of its CoCo AI coding agent adding more than 2,000 accounts. Broad-based demand across customers, workloads and geographies further strengthened the growth outlook. Snowflake Stock Soars as Surging AI Demand Boosts Earnings
• Positive Sentiment: Raised guidance: Snowflake lifted fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion, signaling that cloud consumption and AI-related demand are exceeding prior expectations. The company also remains on track to reach break-even next year, according to CEO Sridhar Ramaswamy.
• Positive Sentiment: Analysts turned more bullish: JPMorgan, UBS, Citi, TD Cowen, Bank of America and several other firms raised price targets, with targets reaching as high as $500 and ratings including Buy, Overweight and Market Outperform. Wall Street analyst views

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.