Christian Kleinerman Sells 2,621 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 2,621 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $170.01, for a total transaction of $445,596.21. Following the sale, the executive vice president directly owned 533,494 shares of the company’s stock, valued at approximately $90,699,314.94. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, March 17th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The shares were sold at an average price of $175.34, for a total value of $523,565.24.
• On Tuesday, March 10th, Christian Kleinerman sold 550 shares of Snowflake stock. The stock was sold at an average price of $182.44, for a total transaction of $100,342.00.
• On Monday, March 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $165.01, for a total transaction of $1,650,100.00.
• 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 shares were sold at an average price of $219.90, for a total transaction of $2,199,000.00.

Snowflake Price Performance

Snowflake stock opened at $162.35 on Friday. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67. The company’s 50 day moving average price is $180.57 and its two-hundred day moving average price is $217.72. The company has a quick ratio of 1.37, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The stock has a market cap of $55.56 billion, a P/E ratio of -41.10 and a beta of 1.16.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data 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 50.61% and a negative net margin of 28.43%.The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the company earned $0.30 EPS. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, equities analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Stifel reaffirmed a Buy and raised conviction after management meetings, keeping a high price target that supports investor confidence in Snowflake’s growth trajectory. Read More.
• Positive Sentiment: Product/AI catalyst — Project SnowWork (Snowflake’s agentic AI initiative) and continued emphasis on AI integration are being cited as meaningful growth levers that could drive enterprise adoption and higher long‑term revenue multiple. Read More.
• Positive Sentiment: Partnerships and ecosystem momentum (e.g., third‑party integrations and platform tie‑ins) are reinforcing product adoption and cross‑sell potential, helping underpin the near‑term bullish narrative. Read More.
• Neutral Sentiment: Context pieces note Snowflake’s strong revenue growth and AI tailwinds but highlight intensifying cloud competition — supportive for longer‑term upside but mixed for near‑term multiples. Read More.
• Negative Sentiment: Legal headline risk — multiple law firms have filed investor alerts and class‑action notices with an April 27, 2026 lead‑plaintiff deadline, creating ongoing headline and litigation risk that can weigh on the stock. Read More.
• Negative Sentiment: Insider selling — recent SEC filings show sales by senior executives (EVP and CAO); such disclosures have driven short‑term selling and negative headlines. Read More.
• Negative Sentiment: Sector volatility — broader SaaS/AI market swings (e.g., new AI agent capabilities from competitors) are amplifying short‑term outflows and can pressure Snowflake alongside peers. Read More.

Institutional Trading of Snowflake

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

Analysts Set New Price Targets

SNOW has been the topic of a number of recent research reports. Barclays dropped their price target on Snowflake from $204.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. The Goldman Sachs Group lowered their price objective on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Needham & Company LLC lowered their price target on Snowflake from $280.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Canaccord Genuity Group cut their price objective on Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Macquarie Infrastructure increased their price objective on Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus price target of $248.58.

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.