Christian Kleinerman Sells 2,730 Shares of Snowflake (NYSE:SNOW) Stock

September 11, 2026 by InsiderTrades.com

Key Points

Snowflake EVP Christian Kleinerman sold 2,730 shares at an average price of $335.72, generating $916,515.60. The Rule 10b5-1 transaction was intended to cover tax withholding on vested equity awards, and he retained 319,887 shares.
Kleinerman has made several additional sales in recent months, including 10,000 shares on September 3 and 15,000 shares on September 1. The latest sale reduced his ownership by 0.85%.
Snowflake recently exceeded quarterly expectations, reporting $1.55 billion in revenue and $0.62 in EPS, while revenue increased 35.1% year over year. Analysts remain broadly positive, but the stock’s elevated valuation and ongoing insider selling could increase sensitivity to any slowdown in AI-driven growth.

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 2,730 shares of the business's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $335.72, for a total transaction of $916,515.60. Following the transaction, the executive vice president directly owned 319,887 shares in the company, valued at approximately $107,392,463.64. The trade was a 0.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Could Snowflake's Big Quarter Be a Sign of More to Come?

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

On Thursday, September 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $380.00, for a total transaction of $3,800,000.00.
On Tuesday, September 1st, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $325.57, for a total value of $4,883,550.00.
On Friday, August 7th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The stock was sold at an average price of $325.00, for a total value of $1,625,000.00.
On Friday, August 7th, Christian Kleinerman sold 25,000 shares of Snowflake stock. The shares were sold at an average price of $325.00, for a total value 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 stock was 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 shares were sold at an average price of $258.56, for a total transaction 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 transaction of $598,767.45.
On Tuesday, June 16th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The stock was sold at an average price of $240.00, for a total value of $716,640.00.

Snowflake Price Performance

SNOW opened at $329.00 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.05 and a current ratio of 0.94. The stock has a market capitalization of $114.03 billion, a P/E ratio of -103.46 and a beta of 1.33. The company's 50-day simple moving average is $303.83 and its two-hundred day simple moving average is $225.02. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $384.56.

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

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm posted $0.35 EPS. The business's quarterly revenue was up 35.1% compared to the same quarter last year. As a group, analysts predict that Snowflake Inc. will post -1.62 EPS for the current year.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: AI is accelerating growth: Snowflake’s Q2 fiscal 2027 results showed 37% year-over-year product-revenue growth, stronger-than-expected adjusted earnings and revenue, and continued momentum in AI-related workloads. Management said customers are expanding data consumption as they adopt Snowflake’s Cortex AI and other services. Snowflake Q2 2027 Earnings Call Transcript
Positive Sentiment: Customer case study reinforces product demand: Indian technology and commerce company Swiggy said Snowflake helped make its data workloads 96% faster. The companies are expanding their partnership across food delivery, quick commerce and dining, providing evidence of enterprise value and potential for broader usage. Swiggy Credits Snowflake for Making Data Workloads 96% Faster
Positive Sentiment: Management remains confident: At Citi’s Global TMT Conference, Snowflake executives discussed AI adoption, customer consumption and the opportunity to build an expanding data-and-AI platform. The commentary supports the view that AI could create a recurring “flywheel” of higher workloads and revenue. Snowflake Citi 2026 Global TMT Conference Transcript
Neutral Sentiment: Exchange-traded funds are being highlighted as a way to gain exposure to Snowflake’s post-earnings AI momentum while reducing single-stock risk. The coverage may broaden investor interest, but it does not represent new company-specific financial information. Should You Tap Snowflake’s Post-Earnings Rally Via ETFs?
Negative Sentiment: Valuation leaves little room for disappointment: Analysts note that the stock has already priced in substantial AI success and sustained growth. Any slowdown in consumption, monetization or margins could trigger further profit-taking. Snowflake: The AI Story Is Real, But The Stock Has Priced In A Perfect Execution
Negative Sentiment: Large director sales may weigh on sentiment: Director Mark Garrett sold 50,000 shares for $17.5 million, while Michael Speiser sold roughly 50,741 shares for about $18 million. Speiser’s transactions were made under a pre-arranged Rule 10b5-1 plan, reducing their usefulness as a bearish signal, but the size of the sales could still encourage near-term profit-taking. Snowflake Insider Selling Alert

Wall Street Analyst Weigh In

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

Several research firms have weighed in on SNOW. HSBC set a $289.00 price target on shares of Snowflake and gave the stock a "buy" rating in a research report on Friday, May 29th. Rosenblatt Securities boosted their target price on shares of Snowflake from $285.00 to $345.00 and gave the stock a "buy" rating in a report on Tuesday, September 1st. Robert W. Baird set a $450.00 target price on Snowflake in a research report on Thursday, September 3rd. Argus increased their price objective on shares of Snowflake from $300.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, September 4th. Finally, The Goldman Sachs Group lifted their price objective on shares of Snowflake from $300.00 to $436.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Thirty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $414.24.

View Our Latest Research Report on SNOW

Institutional Investors Weigh In On Snowflake

Institutional investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its position in Snowflake by 15.6% in the second quarter. Parkside Financial Bank & Trust now owns 334 shares of the company's stock worth $85,000 after buying an additional 45 shares during the last quarter. Tsfg LLC lifted its position in shares of Snowflake by 27.8% during the 2nd quarter. Tsfg LLC now owns 230 shares of the company's stock valued at $59,000 after acquiring an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Snowflake by 4.4% during the 4th quarter. Great Valley Advisor Group Inc. now owns 1,438 shares of the company's stock valued at $316,000 after acquiring an additional 60 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of Snowflake by 4.5% during the 4th quarter. Johnson Investment Counsel Inc. now owns 1,383 shares of the company's stock worth $303,000 after acquiring an additional 60 shares in the last quarter. Finally, L2 Asset Management LLC grew its holdings in shares of Snowflake by 4.9% in the 3rd quarter. L2 Asset Management LLC now owns 1,379 shares of the company's stock worth $311,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 65.10% of the company's stock.

About Snowflake

(Get Free Report)

Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake's Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake's marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.