Snowflake (NYSE:SNOW) EVP Sells 10,000 Shares of Stock

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $380.00, for a total transaction of $3,800,000.00. Following the transaction, the executive vice president owned 18,568 shares of the company's stock, valued at $7,055,840. This represents a 35.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

• Snowflake’s AI Momentum Is Forcing a Fresh Look at the Stock

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

• On Tuesday, September 1st, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $325.57, for a total transaction of $4,883,550.00.
• On Friday, August 7th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $325.00, for a total transaction of $1,625,000.00.
• On Friday, August 7th, Christian Kleinerman sold 25,000 shares of Snowflake stock. The stock was sold at an average price of $325.00, for a total transaction of $8,125,000.00.
• On Monday, August 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $297.00, for a total transaction of $2,970,000.00.
• 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 transaction 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 value of $652,231.00.

Snowflake Stock Up 16.7%

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Shares of NYSE SNOW opened at $356.78 on Friday. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56. The business has a 50-day simple moving average of $295.85 and a two-hundred day simple moving average of $219.50. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The company has a market cap of $123.66 billion, a P/E ratio of -112.19 and a beta of 1.33.

• Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?

Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.17. Snowflake had a negative return on equity of 47.20% and a negative net margin of 20.07%.The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. The company's quarterly revenue was up 35.1% compared to the same quarter last year. Research analysts anticipate that Snowflake Inc. will post -1.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SNOW has been the topic of several recent analyst reports. Rosenblatt Securities increased their target price on shares of Snowflake from $285.00 to $345.00 and gave the stock a "buy" rating in a research note on Tuesday. Sanford C. Bernstein boosted their price target on shares of Snowflake from $195.00 to $250.00 and gave the company a "market perform" rating in a research report on Thursday, May 28th. UBS Group upped their price target on shares of Snowflake from $425.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday. Needham & Company LLC increased their price objective on Snowflake from $330.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their price objective on Snowflake from $500.00 to $525.00 and gave the company an "overweight" rating in a research note on Thursday. Thirty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $410.19.

• 5 Stocks to Buy in September Before Wall Street Catches On

Get Our Latest Research Report on Snowflake

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong earnings beat and accelerating growth: Snowflake reported adjusted earnings of $0.62 per share, ahead of the $0.45 consensus estimate, while revenue rose 35.1% year over year to $1.55 billion, topping the $1.48 billion forecast. Product revenue increased 37% to approximately $1.49 billion. Snowflake spikes on healthy results and AI coding momentum
• Positive Sentiment: AI demand is becoming a growth catalyst: Management said AI contributed about half of the company’s outperformance, with adoption of its CoCo AI coding agent adding more than 2,000 accounts. Broad-based demand across customers, workloads and geographies further strengthened the growth outlook. Snowflake Stock Soars as Surging AI Demand Boosts Earnings
• Positive Sentiment: Raised guidance: Snowflake lifted fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion, signaling that cloud consumption and AI-related demand are exceeding prior expectations. The company also remains on track to reach break-even next year, according to CEO Sridhar Ramaswamy.
• Positive Sentiment: Analysts turned more bullish: JPMorgan, UBS, Citi, TD Cowen, Bank of America and several other firms raised price targets, with targets reaching as high as $500 and ratings including Buy, Overweight and Market Outperform. Wall Street analyst views

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. purchased a new stake in Snowflake during the fourth quarter valued at about $28,000. Greenline Wealth Management LLC purchased a new position in shares of Snowflake in the 4th quarter worth about $29,000. MV Capital Management Inc. bought a new position in shares of Snowflake during the 4th quarter valued at about $32,000. Copos Capital S.a r.l. bought a new position in shares of Snowflake during the 4th quarter valued at about $35,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Snowflake during the 3rd quarter valued at about $39,000. Institutional investors own 65.10% of the company's stock.

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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