Key Points
- Snowflake EVP Christian Kleinerman sold 10,000 shares on June 1 at an average price of $272.00, totaling about $2.72 million. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still held 418,494 shares afterward.
- SNOW shares were under pressure, with the article noting the stock fell 7.4% and opened at $241.88. Despite the pullback, Snowflake remains far above its 12-month low and near its recent high.
- Recent earnings and analyst sentiment were positive: Snowflake beat quarterly EPS and revenue estimates, and several firms raised price targets or reiterated bullish ratings. The consensus analyst view remains Moderate Buy with an average target of $289.90.
Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $272.00, for a total transaction of $2,720,000.00. Following the completion of the sale, the executive vice president directly owned 418,494 shares of the company's stock, valued at approximately $113,830,368. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Christian Kleinerman also recently made the following trade(s):
- On Thursday, May 28th, Christian Kleinerman sold 100 shares of Snowflake stock. The shares were sold at an average price of $236.77, for a total transaction of $23,677.00.
- On Thursday, May 28th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The stock was sold at an average price of $236.77, for a total value of $1,183,850.00.
- On Monday, March 23rd, Christian Kleinerman sold 2,621 shares of Snowflake stock. The stock was sold at an average price of $170.01, for a total value of $445,596.21.
- 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 value of $100,342.00.
Snowflake Stock Down 7.4%
Shares of SNOW opened at $241.88 on Thursday. The company's 50-day moving average price is $162.02 and its 200 day moving average price is $190.30. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $284.99. The company has a current ratio of 1.05, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The firm has a market cap of $83.62 billion, a P/E ratio of -68.72 and a beta of 1.35.
Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $0.24 earnings per share. Snowflake's revenue was up 33.5% compared to the same quarter last year. On average, sell-side analysts forecast that Snowflake Inc. will post -2.15 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have commented on SNOW shares. Weiss Ratings upgraded Snowflake from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, May 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on Snowflake from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. Guggenheim reiterated a "neutral" rating on shares of Snowflake in a report on Wednesday, February 18th. Oppenheimer increased their target price on Snowflake from $250.00 to $295.00 and gave the stock an "outperform" rating in a research note on Thursday, May 28th. Finally, BTIG Research boosted their price target on shares of Snowflake from $280.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Snowflake currently has a consensus rating of "Moderate Buy" and an average price target of $289.90.
Get Our Latest Stock Report on Snowflake
More Snowflake News
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Snowflake unveiled a large set of AI product updates at Snowflake Summit 26, including upgrades to Horizon Catalog, CoWork, CoCo, and Datastream, reinforcing its push to become a core enterprise AI platform. Snowflake Advances Trusted AI with Snowflake Horizon Catalog Centralizing Governance, Context, and Security Across the Enterprise
- Positive Sentiment: Several new partnerships and customer wins were announced, including Sanofi and Thomson Reuters building on Snowflake, which signals growing enterprise adoption of its AI data cloud. Sanofi Chooses Snowflake to Accelerate its AI-Powered Drug Development
- Positive Sentiment: Wall Street sentiment improved, with UBS, Piper Sandler, Needham, BTIG, and TD Cowen raising price targets or reiterating bullish ratings, suggesting analysts see more upside in SNOW after the company’s recent momentum. UBS price target raise on Snowflake
- Positive Sentiment: Analysts also highlighted strong Q1 results and rapid adoption of new AI-native products, which helped fuel renewed investor enthusiasm around Snowflake’s growth story. The 5 Most Interesting Analyst Questions From Snowflake’s Q1 Earnings Call
- Neutral Sentiment: Snowflake’s Summit 26 also produced a long list of ecosystem announcements and partner awards, which help validate the platform but are mostly incremental near-term catalysts rather than immediate financial drivers. TransUnion Expands TruIQ Data Enrichment on Snowflake AI Data Cloud
- Neutral Sentiment: Coverage comparing Snowflake with MongoDB and other AI/software names adds visibility, but it is more about long-term positioning than a direct earnings impact. Snowflake vs. MongoDB: Which Technology Stock Is a Better Buy in 2026?
- Negative Sentiment: The stock also faces pressure from insider sales, including large June 1 transactions by Director Frank Slootman and EVP Christian Kleinerman, which can weigh on sentiment even when the sales were made under pre-arranged trading plans. Frank Slootman insider trade details
- Negative Sentiment: SNOW also fell with the broader software group after a second straight session of profit-taking in software stocks, indicating some of the move may be sector-driven rather than company-specific. ServiceNow and Snowflake Shares Are Falling, What You Need To Know
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new stake in shares of Snowflake in the 4th quarter valued at $28,000. Greenline Wealth Management LLC purchased a new stake in shares of Snowflake during the 4th quarter worth $29,000. GoalVest Advisory LLC grew its stake in shares of Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company's stock worth $30,000 after purchasing an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company's stock worth $31,000 after purchasing an additional 51 shares in the last quarter. Finally, Emerald Advisers LLC increased its holdings in Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company's stock valued at $31,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.
About Snowflake
(
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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