Snowflake (NYSE:SNOW) EVP Sells $716,640.00 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 2,986 shares of Snowflake stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $240.00, for a total value of $716,640.00. Following the sale, the executive vice president owned 405,652 shares in the company, valued at $97,356,480. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 Tuesday, June 9th, Christian Kleinerman sold 2,729 shares of Snowflake stock. The stock was sold at an average price of $239.00, for a total value of $652,231.00.
• On Monday, June 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were 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 shares were 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 shares were 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.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $232.49 on Friday. The company’s 50-day moving average is $182.18 and its 200 day moving average is $189.77. 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 $80.58 billion, a P/E ratio of -66.05 and a beta of 1.35. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $284.99.

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

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake Ventures invested in Jedify, and AcuityMD launched its Encounters Data Mart on Snowflake Marketplace, both of which underscore Snowflake’s expanding role in AI-driven and industry-specific data workflows. Article Title
• Positive Sentiment: Recent analyst commentary remains constructive, with Jefferies saying Snowflake and Databricks can both benefit from rising enterprise demand for data and AI infrastructure. Article Title
• Positive Sentiment: Coverage highlighting Snowflake as a strong generative AI/software name and noting institutional interest has added support to the stock’s momentum. Article Title
• Neutral Sentiment: Several executives sold shares under pre-arranged 10b5-1 plans, but the filings say the transactions were tied to tax withholding from equity vesting rather than a shift in outlook. Article Title
• Negative Sentiment: Investors are also weighing Snowflake’s valuation and intensifying competition from Databricks, which could temper enthusiasm if growth execution slips. Article Title

Institutional Trading of Snowflake

Hedge funds and other institutional investors have recently modified their holdings of the business. Total Clarity Wealth Management Inc. boosted its stake in shares of Snowflake by 2.7% in the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after buying an additional 40 shares during the last quarter. Diligent Investors LLC raised its position in Snowflake by 0.9% during the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after acquiring an additional 40 shares in the last quarter. Wolff Wiese Magana LLC raised its position in Snowflake by 10.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock valued at $120,000 after acquiring an additional 50 shares in the last quarter. HHM Wealth Advisors LLC lifted its holdings in Snowflake by 50.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after acquiring an additional 50 shares during the period. Finally, United Asset Strategies Inc. lifted its holdings in Snowflake by 1.4% in the fourth quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock valued at $777,000 after acquiring an additional 50 shares during the period. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SNOW. Weiss Ratings lowered shares of Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Raymond James Financial reiterated an “outperform” rating and issued a $275.00 price objective on shares of Snowflake in a research note on Thursday, May 28th. Stifel Nicolaus increased their price objective on Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wedbush raised their target price on Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Finally, Needham & Company LLC boosted their target price on Snowflake from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $293.53.

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.