Snowflake (NYSE:SNOW) EVP Christian Kleinerman Sells 2,729 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 2,729 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $239.00, for a total value of $652,231.00. Following the completion of the sale, the executive vice president directly owned 413,002 shares of the company’s stock, valued at approximately $98,707,478. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, June 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $272.00, for a total value of $2,720,000.00.
• On Thursday, May 28th, Christian Kleinerman sold 100 shares of Snowflake stock. The stock was sold at an average price of $236.77, for a total value of $23,677.00.
• On Thursday, May 28th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The stock was sold at an average price of $236.77, for a total value of $1,183,850.00.
• On Monday, March 23rd, Christian Kleinerman sold 2,621 shares of Snowflake stock. The stock was sold at an average price of $170.01, for a total value of $445,596.21.
• On Tuesday, March 17th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The stock was sold at an average price of $175.34, for a total value of $523,565.24.

Snowflake Stock Down 0.0%

NYSE SNOW traded down $0.02 during trading hours on Wednesday, reaching $239.64. 6,146,420 shares of the company’s stock were exchanged, compared to its average volume of 11,106,325. The company’s 50-day moving average is $170.26 and its two-hundred day moving average is $189.87. Snowflake Inc. has a one year low of $118.30 and a one year high of $284.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $83.06 billion, a price-to-earnings ratio of -68.08 and a beta of 1.35.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business earned $0.24 EPS. Snowflake’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, analysts forecast that Snowflake Inc. will post -1.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Snowflake

Several hedge funds and other institutional investors have recently made changes to their positions in SNOW. Norges Bank bought a new position in shares of Snowflake in the fourth quarter valued at $974,091,000. Jennison Associates LLC grew its stake in shares of Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after buying an additional 2,519,413 shares in the last quarter. Coatue Management LLC bought a new position in shares of Snowflake in the third quarter valued at $441,277,000. Jericho Capital Asset Management L.P. bought a new position in shares of Snowflake in the fourth quarter valued at $345,619,000. Finally, American Century Companies Inc. grew its stake in shares of Snowflake by 233.3% in the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock valued at $474,766,000 after buying an additional 1,473,354 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America named Snowflake one of its “Fab Five” infrastructure software stocks to watch, suggesting the company can build on its recent rally. Infrastructure Software Stocks Look Strong. Snowflake Among Analyst’s ‘Fab Five’ To Watch.
• Positive Sentiment: Barclays raised its price target on Snowflake to $285 from $272, and Truist lifted its target to $300 from $275, reinforcing the view that Wall Street sees further upside. Barclays Lifts PT on Snowflake (SNOW) – Here’s Why Truist Raises Snowflake Inc. (SNOW) Price Target to $300 from $275
• Positive Sentiment: Snowflake’s Summit-related announcements, including new AI assistant and governance/security updates, support the company’s push to position itself as more than a cloud data warehouse provider and strengthen its AI story. Snowflake debuts CoCo AI assistant for Slack Excel VS Code Snowflake expands AI governance and security with Horizon catalog updates
• Positive Sentiment: Snowflake also announced partner momentum, with MegazoneCloud winning 2026 APJ Snowflake Resale Partner of the Year, pointing to healthy ecosystem traction. MegazoneCloud Wins 2026 APJ Snowflake Resale Partner of the Year
• Neutral Sentiment: Some market commentary says Snowflake has had a big run recently and asks whether the stock is still a buy at current levels, which may temper enthusiasm even as the long-term narrative stays constructive. Is It Too Late To Consider Snowflake (SNOW) After Recent Share Price Volatility?
• Neutral Sentiment: Snowflake’s recent investor-day and conference headlines have also kept the stock in focus, but the details mostly reinforce the same themes of AI expansion, governance, and platform broadening rather than a single major new catalyst. Snowflake stock gets a bold AI call from Wall Street

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SNOW. HSBC set a $289.00 target price on Snowflake and gave the stock a “buy” rating in a research note on Friday, May 29th. UBS Group set a $320.00 target price on Snowflake in a research note on Wednesday, June 3rd. Monness Crespi & Hardt raised their price target on shares of Snowflake from $282.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised their price target on shares of Snowflake from $245.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group raised their price target on shares of Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $291.77.

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.