Key Points
- Frank Slootman sold 2,042 Snowflake shares on March 10 at an average price of $182.44 for about $372,542, cutting his holdings to 47,558 shares; he has sold over 500,000 shares in recent months, raising aggregate proceeds to more than $105 million.
- Snowflake beat the quarter with $0.32 EPS (vs. $0.27 est.) and $1.28B revenue (up 30.1% YoY), but remains unprofitable with a negative net margin of -28.43% and expected full‑year EPS of about -2.36.
- Analyst sentiment is a Moderate Buy (average target ~$248.58) and institutional investors own ~65.1% of the stock, yet recent insider sales and a wave of class‑action notices create near‑term litigation and downward pressure risks.
Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 550 shares of the company's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $182.44, for a total transaction of $100,342.00. Following the sale, the executive vice president directly owned 501,835 shares in the company, valued at $91,554,777.40. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Christian Kleinerman also recently made the following trade(s):
- On Monday, March 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $165.01, for a total value of $1,650,100.00.
- On Monday, February 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was 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 shares were sold at an average price of $219.90, for a total transaction of $2,199,000.00.
- On Tuesday, December 23rd, Christian Kleinerman sold 4,755 shares of Snowflake stock. The shares were 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 transaction of $632,038.75.
Snowflake Stock Up 0.6%
SNOW traded up $1.10 during trading hours on Thursday, hitting $180.53. 1,028,652 shares of the company's stock were exchanged, compared to its average volume of 6,330,640. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The stock's 50-day moving average is $191.27 and its two-hundred day moving average is $221.60. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a market cap of $61.78 billion, a price-to-earnings ratio of -45.72 and a beta of 1.16.
Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The company's revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. Sell-side analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.
Institutional Trading of Snowflake
A number of large investors have recently modified their holdings of SNOW. Brighton Jones LLC lifted its holdings in shares of Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company's stock valued at $9,556,000 after purchasing an additional 29,320 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company's stock valued at $1,637,000 after acquiring an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Snowflake by 29.7% in 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. Vestmark Advisory Solutions Inc. purchased a new stake in Snowflake during the 2nd quarter worth $529,000. Finally, Wedbush Securities Inc. increased its stake in shares of Snowflake by 1.3% in the second quarter. Wedbush Securities Inc. now owns 3,717 shares of the company's stock worth $832,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on SNOW. KeyCorp reduced their target price on shares of Snowflake from $285.00 to $235.00 and set an "overweight" rating for the company in a research report on Thursday, February 19th. Monness Crespi & Hardt boosted their target price on shares of Snowflake from $275.00 to $282.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. reduced their target price on Snowflake from $268.00 to $245.00 and set an "overweight" rating on the stock in a report on Thursday, February 26th. Raymond James Financial reaffirmed an "outperform" rating on shares of Snowflake in a research note on Monday, February 2nd. Finally, Needham & Company LLC cut their price target on shares of Snowflake from $280.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $248.58.
Check Out Our Latest Stock Analysis on SNOW
Key Snowflake News
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Analyst upgrade — At least one firm recently upgraded Snowflake, reshaping analyst sentiment and giving near-term support to the stock. Article Title
- Positive Sentiment: Product/market momentum from AI research — Snowflake released and promoted research (with partners) showing strong enterprise AI ROI, job‑impact nuance and healthcare interoperability demand, reinforcing the company’s positioning in the AI Data Cloud market. This supports longer‑term revenue and adoption narratives. Article Title
- Positive Sentiment: Thought leadership on AI context — Opinion and industry coverage (Forbes, Crunchbase pieces) highlight Snowflake’s role around context and data infrastructure for enterprise AI, which can support investor confidence in long‑term TAM expansion. Article Title
- Neutral Sentiment: Comparative and industry coverage — Independent pieces comparing Snowflake to smaller peers and covering VC/agentic AI recalibration provide useful context but are unlikely to move the stock materially on their own. Article Title
- Neutral Sentiment: Macro/sector AI job surveys — Third‑party surveys (ZDNet/Omdia coverage) show mixed effects of AI on jobs and IT spend; these reinforce demand narratives but are background rather than immediate catalysts. Article Title
- Negative Sentiment: Multiple securities class‑action notices and lead‑plaintiff deadlines — A wave of law‑firm press releases and filings (e.g., Portnoy, SueWallSt, Bernstein Liebhard, Rosen, Levi & Korsinsky, Faruqi, Pomerantz, RGRD, Bronstein, Schall) alleges disclosure harm tied to a class period and sets an April 27, 2026 lead‑plaintiff deadline. The proliferation of notices raises litigation risk and potential future liabilities. Article Title
- Negative Sentiment: Insider selling disclosed and immediate market reaction — Recent Form 4 disclosures show director and senior executive sales (including Frank Slootman and EVP Christian Kleinerman); coverage ties these sales to downward trading pressure, and market reports note a pullback following the disclosures. Article Title
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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