Christian Kleinerman Sells 4,755 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 4,755 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $224.30, for a total value of $1,066,546.50. Following the completion of the transaction, the executive vice president owned 536,587 shares of the company’s stock, valued at $120,356,464.10. The trade was a 0.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, December 16th, Christian Kleinerman sold 2,975 shares of Snowflake stock. The stock was sold at an average price of $212.45, for a total transaction of $632,038.75.
• On Tuesday, December 9th, Christian Kleinerman sold 548 shares of Snowflake stock. The shares were sold at an average price of $223.31, for a total transaction of $122,373.88.
• On Monday, December 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $249.53, for a total value of $2,495,300.00.
• On Monday, November 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $277.73, for a total value of $2,777,300.00.
• On Friday, October 31st, Christian Kleinerman sold 5,000 shares of Snowflake stock. The stock was sold at an average price of $275.00, for a total value of $1,375,000.00.
• On Wednesday, October 8th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The stock was sold at an average price of $250.00, for a total value of $1,250,000.00.
• On Wednesday, October 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $223.88, for a total value of $2,238,800.00.

Snowflake Price Performance

Shares of SNOW stock traded down $1.72 during mid-day trading on Tuesday, reaching $225.12. The stock had a trading volume of 3,980,907 shares, compared to its average volume of 5,236,334. The company has a market cap of $77.04 billion, a P/E ratio of -55.72 and a beta of 1.09. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67. The business has a 50-day simple moving average of $247.32 and a 200 day simple moving average of $228.04.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the firm earned $0.20 EPS. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analyst Ratings Changes

SNOW has been the subject of several research reports. KeyCorp lifted their price objective on Snowflake from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Mizuho raised their price target on Snowflake from $260.00 to $285.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Bank of America boosted their price target on Snowflake from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, November 17th. UBS Group restated a “buy” rating on shares of Snowflake in a research report on Thursday, December 4th. Finally, Piper Sandler reiterated an “overweight” rating and set a $285.00 price objective on shares of Snowflake in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $275.32.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Snowflake during the 2nd quarter valued at about $3,900,134,000. Norges Bank purchased a new position in Snowflake in the 2nd quarter valued at about $944,895,000. Winslow Capital Management LLC purchased a new position in Snowflake in the 2nd quarter valued at about $725,667,000. AQR Capital Management LLC grew its stake in shares of Snowflake by 346.2% during the first quarter. AQR Capital Management LLC now owns 3,171,635 shares of the company’s stock valued at $456,430,000 after acquiring an additional 2,460,769 shares in the last quarter. Finally, Coatue Management LLC purchased a new stake in shares of Snowflake during the third quarter worth about $441,277,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI momentum: Zacks reports Snowflake has hit an early ~$100M AI run‑rate, with AI-related work accounting for roughly half of bookings — a clear revenue/usage tailwind if adoption continues. Snowflake Rides on Strong AI Demand
• Positive Sentiment: Commercial partnerships: Accenture signed a strategic tie‑up to push AI + data transformation on Snowflake’s platform, which could boost enterprise adoption and usage‑based revenue. Accenture and Snowflake drive enterprise reinvention with AI and data
• Positive Sentiment: Bullish research/valuation views: Long‑form bullish pieces highlight a large addressable market, high net retention and usage‑based upside; several brokers have reiterated Buy/Outperform ratings and raised targets, supporting medium‑term upside. MarketBeat analyst coverage roundup
• Neutral Sentiment: Price pattern: Forecast pieces note a recent monthly pullback (several % down over last 30/60 days) even though the stock is substantially up year‑to‑date from its April low — indicating mixed momentum. Snowflake Price Prediction and Forecast
• Negative Sentiment: Large insider sale by director: Frank Slootman sold 200,000 shares (~$44.4M at ~$221.83), trimming his stake by ~80% — a sizable, public insider exit that often pressures near‑term sentiment even if done for diversification or tax/liquidity reasons. SEC filing: Slootman Form 4
• Negative Sentiment: Smaller CAO sale: Chief Accounting Officer Emily Ho sold 586 shares (minor in size but contributes to the same‑day insider selling narrative). SEC filing: Ho Form 4

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.