Christian Kleinerman Sells 2,986 Shares of Snowflake (NYSE:SNOW) Stock

March 19, 2026 by InsiderTrades.com

Key Points

Christian Kleinerman sold 2,986 Snowflake shares on March 17 at an average price of $175.34 for about $523,565, and still owns 496,052 shares (a 0.60% reduction) valued at roughly $86.98M.
The transaction is part of multiple insider sales this year (including prior Kleinerman disposals and a ~7,874‑share sale by director Frank Slootman) and, alongside recent class‑action notices, could exert short‑term selling pressure despite product launches and generally positive analyst coverage.

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 2,986 shares of the firm's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $175.34, for a total transaction of $523,565.24. Following the completion of the sale, the executive vice president owned 496,052 shares of the company's stock, valued at $86,977,757.68. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Is Snowflake’s Stock Meltdown Over? Signs Point to a Bottom

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

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 value 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 value 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 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 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.

Snowflake Stock Down 0.8%

SNOW stock opened at $173.20 on Thursday. 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 firm has a market capitalization of $59.27 billion, a PE ratio of -43.85 and a beta of 1.16. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The business's 50 day simple moving average is $186.27 and its 200 day simple moving average is $220.27.

Snowflake’s $200M Bet: Can The OpenAI Deal Fix the Slump?

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.05. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter in the prior year, the business earned $0.30 EPS. The firm's revenue for the quarter was up 30.1% on a year-over-year basis. As a group, research analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SNOW shares. BTIG Research cut their target price on shares of Snowflake from $312.00 to $235.00 and set a "buy" rating for the company in a research note on Monday, February 23rd. KeyCorp lowered their price target on shares of Snowflake from $285.00 to $235.00 and set an "overweight" rating on the stock in a report on Thursday, February 19th. Truist Financial cut their price objective on shares of Snowflake from $270.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. DA Davidson reduced their price objective on Snowflake from $300.00 to $250.00 and set a "buy" rating for the company in a report on Thursday, February 26th. Finally, Royal Bank Of Canada set a $245.00 target price on Snowflake in a research report on Wednesday, February 11th. Two 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. According to data from MarketBeat, Snowflake has an average rating of "Moderate Buy" and a consensus price target of $248.58.

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Check Out Our Latest Report on SNOW

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Snowflake announced Project SnowWork, an autonomous enterprise AI platform (research preview) that aims to move users from insights to execution — a meaningful product expansion that could drive higher usage, upsells and differentiation vs. peers if adoption follows. Snowflake Launches Project SnowWork, Bringing Outcome-Driven AI to Every Business User
Positive Sentiment: Bank of America reiterated a Buy rating and $275 price target after meeting Snowflake’s CFO — a vote of confidence from a major sell-side shop that can help support sentiment and institutional demand. Snowflake seen as standout software story despite muted sector sentiment, Bank of America believes
Neutral Sentiment: NYSE and company media coverage (executive interviews and pre-market writeups) are amplifying the SnowWork narrative — good for visibility but not an immediate revenue guarantee. NYSE Content Update: Snowflake to Unveil AI Platform to Get Work Done Faster
Negative Sentiment: Multiple law firms issued class-action notices and investor alerts relating to an existing securities suit (covering purchases between June 27, 2023 and Feb 28, 2024) and are soliciting lead plaintiffs with an April 27 deadline — this legal overhang can pressure sentiment and increase perceived litigation risk. INVESTOR ALERT: Snowflake Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit – RGRD Law
Negative Sentiment: Insider sales: EVP Christian Kleinerman sold ~2,986 shares (~$523k) and Director/CEO-level director Frank Slootman sold ~7,874 shares (~$1.38M). While both remain large holders, the disclosed sells can be interpreted as tactical cashing out and add short-term selling pressure. Kleinerman SEC Form 4 Slootman SEC Form 4

Hedge Funds Weigh In On Snowflake

Hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Snowflake by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company's stock worth $165,123,000 after purchasing an additional 8,002 shares during the period. Federated Hermes Inc. raised its stake in Snowflake by 13.5% in the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company's stock valued at $92,047,000 after purchasing an additional 48,411 shares in the last quarter. Penserra Capital Management LLC lifted its position in Snowflake by 32.8% during the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company's stock worth $34,586,000 after purchasing an additional 37,911 shares during the period. Vanguard Group Inc. lifted its position in Snowflake by 3.1% during the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company's stock worth $6,461,465,000 after purchasing an additional 857,832 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in Snowflake during the third quarter worth about $116,882,000. 65.10% of the stock is owned by institutional investors.

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.