Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $165.01, for a total transaction of $1,650,100.00. Following the completion of the transaction, the executive vice president owned 510,477 shares in the company, valued at approximately $84,233,809.77. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 value 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 value of $2,199,000.00.
- On Tuesday, December 23rd, Christian Kleinerman sold 4,755 shares of Snowflake stock. The stock was 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 shares were sold at an average price of $223.31, for a total value of $122,373.88.
Snowflake Trading Down 2.9%
Shares of SNOW opened at $165.42 on Wednesday. The business's 50-day moving average price is $196.63 and its 200 day moving average price is $222.56. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $56.61 billion, a P/E ratio of -41.88 and a beta of 1.16. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67.
Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The business's revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. Analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Truist Financial cut their target price on shares of Snowflake from $270.00 to $240.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Rosenblatt Securities reissued a "buy" rating and set a $275.00 price target on shares of Snowflake in a research report on Thursday, February 26th. JPMorgan Chase & Co. reduced their price objective on Snowflake from $268.00 to $245.00 and set an "overweight" rating for the company in a research note on Thursday, February 26th. TD Cowen lowered their target price on Snowflake from $270.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 target price on shares of Snowflake in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $248.58.
Get Our Latest Stock Analysis on Snowflake
Institutional Investors Weigh In On Snowflake
Hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC raised its position in Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company's stock valued at $9,556,000 after acquiring an additional 29,320 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company's stock worth $1,637,000 after purchasing an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Snowflake by 29.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company's stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Snowflake in the 2nd quarter valued at $967,000. Finally, World Investment Advisors acquired a new stake in shares of Snowflake in the 2nd quarter valued at $499,000. 65.10% of the stock is owned by hedge funds and other institutional investors.
Snowflake News Summary
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
Snowflake Company Profile
(
Get Free Report)
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.
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