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 shares were 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 directly owned 536,587 shares of the company’s stock, valued at approximately $120,356,464.10. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was 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 transaction of $2,495,300.00.
• On Monday, November 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $277.73, for a total transaction of $2,777,300.00.
• On Friday, October 31st, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $275.00, for a total transaction 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 transaction of $1,250,000.00.
• On Wednesday, October 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $223.88, for a total value of $2,238,800.00.

Snowflake Price Performance

NYSE:SNOW opened at $221.63 on Thursday. Snowflake Inc. has a one year low of $120.10 and a one year high of $280.67. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $75.84 billion, a PE ratio of -54.86 and a beta of 1.09. The stock has a 50 day moving average price of $246.61 and a 200 day moving average price of $228.10.

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

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake is reportedly in talks to buy app‑monitoring startup Observe for about $1 billion to broaden its AI and observability stack — a deal that would accelerate Snowflake’s ability to capture AI‑driven workloads and strengthen platform stickiness. Read More.
• Positive Sentiment: Multiple outlets report the same Observe acquisition talks, underscoring market attention to Snowflake’s M&A push to sharpen its AI edge. Read More.
• Positive Sentiment: AI is already a major revenue driver — reports say AI accounts for ~50% of bookings and Snowflake hit an early $100M AI run‑rate, supporting upside to usage‑based revenue as customers run larger AI workloads. Read More.
• Neutral Sentiment: Sell‑side coverage remains mostly positive but varied: many Buy/Outperform ratings and elevated price targets, creating supportive long‑term narrative though near‑term targets differ.
• Neutral Sentiment: Market commentary and price‑forecast pieces note recent volatility (monthly declines after YTD gains); useful for context but not new fundamentals. Read More.
• Negative Sentiment: Large insider sale: Director Frank Slootman disclosed selling 200,000 shares (~$44M), a material reduction that can create short‑term selling pressure or investor concern despite possible personal/liquidity reasons. Read More.
• Negative Sentiment: Other insider sales: EVP Christian Kleinerman and CAO Emily Ho sold smaller tranches (disclosed filings), adding to perception of insider distribution this week. Read More. • Read More.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SNOW. Raymond James Financial set a $250.00 price objective on shares of Snowflake in a research report on Monday, December 15th. Wells Fargo & Company increased their price target on shares of Snowflake from $275.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. UBS Group reaffirmed a “buy” rating on shares of Snowflake in a research report on Thursday, December 4th. JPMorgan Chase & Co. upped their price objective on Snowflake from $225.00 to $255.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Finally, Truist Financial increased their price objective on Snowflake from $235.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.32.

Institutional Trading of Snowflake

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Snowflake by 3.1% in the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after buying an additional 857,832 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Snowflake during the 2nd quarter worth about $3,900,134,000. Jennison Associates LLC lifted its stake in Snowflake by 13.5% during the 3rd quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock worth $2,048,871,000 after acquiring an additional 1,083,222 shares in the last quarter. State Street Corp boosted its holdings in Snowflake by 1.4% during the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after acquiring an additional 94,293 shares during the period. Finally, Artisan Partners Limited Partnership grew its position in Snowflake by 15.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock valued at $1,108,045,000 after acquiring an additional 652,485 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

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.