Key Points
- Snowflake EVP Christian Kleinerman sold 10,000 shares at an average price of $297, generating $2.97 million. The transaction occurred under a pre-arranged Rule 10b5-1 plan, leaving him with 365,379 shares.
- Snowflake reported quarterly revenue of $1.39 billion and earnings of $0.39 per share, exceeding analyst estimates, while revenue grew 33.5% year over year. Despite this performance, the company remains unprofitable, with a negative net margin of 23.79%.
- Analyst sentiment remains broadly positive, with 34 Buy ratings and a consensus “Moderate Buy” rating, but investors face risks from the stock’s premium valuation, margin pressure, competition and ongoing insider selling.
Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 10,000 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $297.00, for a total value of $2,970,000.00. Following the completion of the transaction, the executive vice president directly owned 365,379 shares of the company's stock, valued at $108,517,563. The trade was a 2.66% decrease in their ownership of the stock. 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 Friday, July 31st, Christian Kleinerman sold 9,986 shares of Snowflake stock. The shares were sold at an average price of $300.00, for a total value of $2,995,800.00.
- On Friday, July 31st, Christian Kleinerman sold 20,000 shares of Snowflake stock. The stock was sold at an average price of $300.00, for a total value of $6,000,000.00.
- On Wednesday, July 1st, Christian Kleinerman sold 2,500 shares of Snowflake stock. The stock was sold at an average price of $258.56, for a total value of $646,400.00.
- On Tuesday, June 23rd, Christian Kleinerman sold 2,621 shares of Snowflake stock. The shares were sold at an average price of $228.45, for a total value of $598,767.45.
- On Tuesday, June 16th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The shares were sold at an average price of $240.00, for a total value of $716,640.00.
- On Tuesday, June 9th, Christian Kleinerman sold 2,729 shares of Snowflake stock. The stock was sold at an average price of $239.00, for a total transaction of $652,231.00.
- On Monday, June 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $272.00, for a total transaction of $2,720,000.00.
- 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 transaction of $1,183,850.00.
Snowflake Stock Performance
NYSE SNOW opened at $317.38 on Thursday. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $323.10. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $110.00 billion, a PE ratio of -90.17 and a beta of 1.33. The company's 50 day simple moving average is $259.10 and its two-hundred day simple moving average is $199.45.
Snowflake (NYSE:SNOW - Get Free Report) last released its quarterly 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. The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The business's quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Analysts predict that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.
Key Snowflake News
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: AI product expansion: Snowflake introduced Cortex AI Gateway, which is designed to govern enterprise AI agents, manage costs and strengthen security. Expanded integrations with 1Password and Aembit could help Snowflake capture more AI workloads from large businesses. Snowflake Unveils Cortex AI Gateway
- Positive Sentiment: Broader partner ecosystem: Snowflake and phData expanded their collaboration to help customers migrate analytics, deploy governed AI applications and put intelligent workflows into production. Zeotap and Alteryx also launched applications on the Snowflake Marketplace, supporting platform adoption and recurring consumption. phData and Snowflake Expand Collaboration
- Positive Sentiment: Market and analyst optimism: Snowflake has reached fresh 52-week highs amid stronger confidence in its AI business. BTIG reportedly forecasts substantial appreciation, while heavy selling of long-dated, out-of-the-money put options suggests some investors are willing to make bullish commitments. BTIG Research Forecasts Strong Price Appreciation
- Neutral Sentiment: Upcoming catalysts: Snowflake will present at investor conferences and plans to report fiscal second-quarter 2027 results on September 2. These events could provide updated commentary on AI monetization, customer demand and margins. Snowflake Investor Conferences
- Negative Sentiment: Valuation and selling pressure: Analysts warn that SNOW’s premium valuation leaves limited room for disappointment, while margin pressure and competition remain concerns. Cathie Wood’s investment firm trimmed roughly $5.5 million to $5.7 million of its position, and an executive sold shares under a pre-arranged Rule 10b5-1 plan. Snowflake Premium Valuation
- Negative Sentiment: Security overhang: A Canadian defendant pleaded guilty in connection with attacks involving the theft of data from Snowflake customer environments. While the case concerns criminal activity rather than a newly announced company incident, it may renew investor concerns about data security and reputational risk. Canadian Pleads Guilty to Snowflake Data Theft Attacks
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. UBS Group reissued a "buy" rating on shares of Snowflake in a report on Monday, June 22nd. Cantor Fitzgerald boosted their price target on Snowflake from $225.00 to $282.00 and gave the company an "overweight" rating in a report on Thursday, May 28th. Bank of America upped their price target on Snowflake from $205.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft raised their price target on Snowflake from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 28th. Finally, Citizens Jmp reiterated a "market outperform" rating and issued a $325.00 price target on shares of Snowflake in a report on Tuesday, May 19th. Thirty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $296.68.
Get Our Latest Stock Report on SNOW
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. HHM Wealth Advisors LLC increased its holdings in shares of Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company's stock valued at $33,000 after acquiring an additional 50 shares during the period. United Asset Strategies Inc. boosted its stake in Snowflake by 1.4% during the 4th quarter. United Asset Strategies Inc. now owns 3,544 shares of the company's stock worth $777,000 after purchasing an additional 50 shares during the period. Physician Wealth Advisors Inc. grew its position in Snowflake by 56.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company's stock worth $31,000 after purchasing an additional 51 shares during the last quarter. Great Valley Advisor Group Inc. grew its position in Snowflake by 4.4% during the 4th quarter. Great Valley Advisor Group Inc. now owns 1,438 shares of the company's stock worth $316,000 after purchasing an additional 60 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in Snowflake by 4.5% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,383 shares of the company's stock valued at $303,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors 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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