Snowflake (NYSE:SNOW) EVP Christian Kleinerman Sells 15,000 Shares of Stock

October 3, 2026 by InsiderTrades.com

Key Points

Snowflake EVP Christian Kleinerman sold 15,000 shares at an average price of $341.57, generating approximately $5.1 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, and he retained 313,738 shares.
The sale follows multiple insider sales by Kleinerman in recent months, totaling substantial proceeds, though the pre-arranged nature of the trades reduces their significance as discretionary bearish signals.
Snowflake recently beat quarterly earnings and revenue estimates, with revenue up 35.1% year over year, while analysts maintained a generally bullish outlook with a consensus “Moderate Buy” rating and a $414.24 price target.

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $341.57, for a total value of $5,123,550.00. Following the transaction, the executive vice president directly owned 313,738 shares of the company's stock, valued at approximately $107,163,488.66. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

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

On Tuesday, September 22nd, Christian Kleinerman sold 2,622 shares of Snowflake stock. The shares were sold at an average price of $344.50, for a total value of $903,279.00.
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 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 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 shares were 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 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.

Snowflake Price Performance

Shares of Snowflake stock opened at $341.40 on Friday. The business has a 50 day simple moving average of $325.16 and a two-hundred day simple moving average of $242.75. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56. The stock has a market capitalization of $120.45 billion, a P/E ratio of -107.36 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94.

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

Snowflake (NYSE:SNOW - Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.17. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The business's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. As a group, analysts predict that Snowflake Inc. will post -1.46 EPS for the current fiscal year.

Institutional Trading of Snowflake

Large investors have recently added to or reduced their stakes in the stock. MV Capital Management Inc. purchased a new position in shares of Snowflake during the 4th quarter worth $32,000. Polaris Financial Partners purchased a new stake in shares of Snowflake in the third quarter valued at about $51,000. Copos Capital S.a r.l. purchased a new stake in shares of Snowflake in the fourth quarter valued at about $35,000. SHP Wealth Management acquired a new stake in Snowflake during the fourth quarter worth about $39,000. Finally, Basecamp Wealth Advisors LLC increased its position in Snowflake by 140.5% during the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company's stock worth $30,000 after purchasing an additional 118 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

A number of research analysts have weighed in on SNOW shares. Jefferies Financial Group set a $430.00 price objective on Snowflake and gave the company a "buy" rating in a report on Thursday, September 3rd. Argus upped their target price on shares of Snowflake from $300.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, September 4th. KeyCorp increased their target price on shares of Snowflake from $285.00 to $325.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Weiss Ratings reissued a "sell (e+)" rating on shares of Snowflake in a research note on Tuesday, September 8th. Finally, Canaccord Genuity Group boosted their price target on shares of Snowflake from $325.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $414.24.

Check Out Our Latest Report on Snowflake

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: An analyst argues that Snowflake’s AI-fueled growth and consumption-based business model could support approximately 25% additional upside, reinforcing the bullish case after the stock’s roughly 50% advance. Snowflake Is Already Up 50%. One Analyst Still Sees 25% Further Upside.
Positive Sentiment: Snowflake is promoting its AI Data Cloud and “agentic enterprise” strategy, potentially strengthening expectations for future AI-related demand and customer adoption. Snowflake lays out what is business needs to be truly agentic
Positive Sentiment: A 30-day trial offering with up to $400 in incentives could help broaden customer adoption of Snowflake’s AI Data Cloud, although the effect on near-term revenue is uncertain. Snowflake will give you 30 days and up to $400 to try its AI Data Cloud
Neutral Sentiment: Snowflake’s revenue growth remains strong and stock-based compensation is declining as a percentage of sales, but investors continue to question whether free cash flow can grow quickly enough to offset the economic cost of employee equity awards. Can Snowflake’s Growth Outrun Its Stock Compensation Bill?
Negative Sentiment: Executives disclosed sizable stock sales: EVP Christian Kleinerman sold $5.1 million of shares, while director Michael Speiser sold approximately $17.5 million across two transactions. The trades were made under pre-arranged Rule 10b5-1 plans, reducing their signal as discretionary bearish bets, but still add supply and may concern investors.
Negative Sentiment: Snowflake announced an upsized $3.75 billion convertible senior-notes offering. The financing increases liquidity but may create future dilution and reflects the risks associated with funding growth through convertible debt. Snowflake Announces Upsized $3.75 Billion Convertible Senior Notes
Negative Sentiment: Shares have decreased since the latest earnings report despite revenue and EPS exceeding estimates, indicating that valuation, guidance or post-earnings expectations remain hurdles for the stock. Why Is Snowflake Down Since Last Earnings Report?

Snowflake Company Profile

(Get Free Report)

Snowflake Inc (NYSE: SNOW) provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.

Snowflake's services include cloud data storage and computing, data sharing and collaboration tools, governance and security capabilities, and access to third-party data through the Snowflake Marketplace.