Key Points
- Snowflake EVP Christian Kleinerman sold 2,622 shares for approximately $903,000 at an average price of $344.50. The Rule 10b5-1 transaction covered tax withholding on vested equity awards and reduced his holdings by just 0.79%.
- Snowflake recently reported stronger-than-expected quarterly results, with EPS of $0.62 versus the $0.45 consensus and revenue of $1.55 billion, up 35.1% year over year.
- Analyst sentiment remains broadly positive: 34 analysts rate the stock Buy, five rate it Hold and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of $414.24.
Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 2,622 shares of Snowflake stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $344.50, for a total transaction of $903,279.00. Following the completion of the sale, the executive vice president directly owned 328,738 shares of the company's stock, valued at approximately $113,250,241. The trade was a 0.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.
Christian Kleinerman also recently made the following trade(s):
- On Wednesday, September 16th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The shares were sold at an average price of $318.51, for a total transaction of $951,070.86.
- On Wednesday, September 9th, Christian Kleinerman sold 2,730 shares of Snowflake stock. The stock was sold at an average price of $335.72, for a total transaction of $916,515.60.
- On Thursday, September 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were 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 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 stock was 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 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.
Snowflake Stock Performance
Shares of Snowflake stock opened at $336.14 on Wednesday. The company has a market cap of $118.59 billion, a PE ratio of -105.70 and a beta of 1.33. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56. The business has a 50 day moving average price of $314.56 and a 200-day moving average price of $234.34. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06.
Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The company had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Snowflake's quarterly revenue was up 35.1% on a year-over-year basis. Equities analysts anticipate that Snowflake Inc. will post -1.57 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Snowflake
A number of hedge funds have recently modified their holdings of SNOW. Silicon Valley Capital Partners lifted its stake in Snowflake by 15.2% in the second quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company's stock valued at $15,801,000 after purchasing an additional 8,208 shares during the last quarter. Wellington Altus USA Inc. purchased a new stake in Snowflake in the second quarter worth $102,000. Anchor Investment Management LLC purchased a new stake in Snowflake in the second quarter worth $76,000. Sequoia Financial Advisors LLC raised its stake in shares of Snowflake by 14.2% in the second quarter. Sequoia Financial Advisors LLC now owns 39,598 shares of the company's stock valued at $10,078,000 after buying an additional 4,927 shares during the period. Finally, MCF Advisors LLC raised its stake in shares of Snowflake by 1,557.9% in the second quarter. MCF Advisors LLC now owns 315 shares of the company's stock valued at $80,000 after buying an additional 296 shares during the period. Institutional investors own 65.10% of the company's stock.
Key Snowflake News
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Jim Cramer said Snowflake has “caught fire in recent months” after meeting with the company, reinforcing the bullish view that its data platform is benefiting from increased enterprise software and AI demand. Jim Cramer Notes Snowflake
- Positive Sentiment: A recent investment analysis argued that Snowflake’s recovery and long-term growth potential may still justify further upside, citing a roughly $425 Street target compared with a current price near $332. This is an analyst-style opinion rather than new company guidance. Snowflake Stock Is Up 45 Percent in a Year
- Neutral Sentiment: Former Snowflake CFO Mike Scarpelli joined ClickHouse’s board as that company’s run-rate revenue surpassed $350 million. The appointment highlights competition in the data-platform market but does not directly change Snowflake’s fundamentals. ClickHouse Appoints Mike Scarpelli
- Negative Sentiment: Director Frank Slootman sold a combined 300,000 shares for approximately $100.3 million across September 18 and 21, reducing his direct ownership by more than 84% to 19,024 shares. Although the sales were made under a pre-arranged trading plan, their size may encourage profit-taking concerns. SEC insider transaction filing
- Negative Sentiment: Executive Vice President Christian Kleinerman sold 2,622 shares worth about $903,000 to cover tax withholding tied to vested equity awards. Because the transaction was tax-related and represented only a 0.79% reduction in his holdings, it is a relatively weak bearish signal. SEC insider transaction filing
- Negative Sentiment: A report describes an autonomous AI security agent identifying and exploiting a vulnerability in Snowflake’s GitHub repository. The potential security and reputational implications may concern investors, though the report does not indicate a customer-data breach or operational disruption. Snowflake GitHub vulnerability report
Analyst Ratings Changes
A number of equities analysts have issued reports on SNOW shares. UBS Group lifted their price objective on shares of Snowflake from $425.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Mizuho set a $425.00 price target on shares of Snowflake in a research report on Thursday, September 3rd. Guggenheim restated a "neutral" rating on shares of Snowflake in a report on Thursday, September 3rd. KeyCorp upped their price objective on shares of Snowflake from $285.00 to $325.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Finally, Sanford C. Bernstein upped their price objective on shares of Snowflake from $195.00 to $250.00 and gave the stock a "market perform" rating in a research report on Thursday, May 28th. Thirty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Snowflake currently has an average rating of "Moderate Buy" and a consensus target price of $414.24.
View Our Latest Stock Analysis on SNOW
Snowflake Company Profile
(
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.
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