Snowflake (NYSE:SNOW) EVP 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, March 2nd. The stock was sold at an average price of $165.01, for a total value of $1,650,100.00. Following the completion of the transaction, the executive vice president owned 510,477 shares of the company’s stock, valued at $84,233,809.77. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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 shares were sold at an average price of $224.30, for a total value of $1,066,546.50.
• 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 value of $632,038.75.
• On Tuesday, December 9th, Christian Kleinerman sold 548 shares of Snowflake stock. The stock was sold at an average price of $223.31, for a total value of $122,373.88.

Snowflake Trading Down 2.9%

NYSE:SNOW opened at $165.42 on Wednesday. The firm has a market capitalization of $56.61 billion, a P/E ratio of -41.88 and a beta of 1.16. The business has a 50 day simple moving average of $196.63 and a 200 day simple moving average of $222.56. 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 Inc. has a 12-month low of $120.10 and a 12-month high of $280.67.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. Equities research analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on SNOW. The Goldman Sachs Group dropped their price target on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Wells Fargo & Company decreased their price objective on Snowflake from $290.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Sanford C. Bernstein cut their target price on Snowflake from $237.00 to $195.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Snowflake in a research report on Wednesday, January 21st. Finally, DA Davidson decreased their price target on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $248.58.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Citi raised its model and price target following strong AI performance, keeping a Buy rating — this supports upside expectations from Snowflake’s AI traction. Citi updates model
• Positive Sentiment: New commercial partnerships and integrations (Capita and Rockfish Data) expand go-to-market and vertical reach for Snowflake’s AI Data Cloud, which can help drive consumption growth. Capita collaboration Rockfish integration
• Positive Sentiment: Channel coverage highlights Snowflake’s FY27 strategy and partner opportunities — useful for revenue/consumption visibility through indirect channels. CRN channel takeaways
• Neutral Sentiment: Senior EVP Christian Kleinerman sold 10,000 shares (disclosed Form 4); the sale is relatively small versus his remaining holdings but can be interpreted negatively by some investors. Insider sale filing
• Neutral Sentiment: Local real estate note: Snowflake signed an 83k sq ft Midtown office lease — operational detail with limited market impact but signals ongoing footprint needs. Office lease
• Negative Sentiment: Multiple law firms have filed securities class actions alleging misleading disclosures about product efficiency, pricing and revenue implications after Snowflake launched a standalone subscription for an AI development tool — this is pressuring sentiment and could lead to legal costs or management distraction. Class action coverage
• Negative Sentiment: Several firms (Pomerantz, Bronstein, Robbins, Rosen, Bernstein Liebhard, DJS, Schall et al.) issued investor alerts and complaints seeking lead plaintiffs — the volume of filings amplifies headline risk and short-term selling pressure. Pomerantz investor alert

Hedge Funds Weigh In On Snowflake

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNOW. Grey Fox Wealth Advisors LLC bought a new stake in shares of Snowflake in the 3rd quarter worth $25,000. Tripletail Wealth Management LLC bought a new stake in Snowflake in the third quarter worth about $28,000. Kemnay Advisory Services Inc. acquired a new stake in Snowflake in the 4th quarter valued at about $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake in the 4th quarter valued at about $29,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Snowflake by 4,333.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock valued at $30,000 after purchasing an additional 130 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

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.