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

Posted by Grant Hamersma on Sep 12th, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) EVP Christian Kleinerman sold 2,730 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $335.72, for a total value of $916,515.60. Following the completion of the transaction, the executive vice president owned 319,887 shares of the company’s stock, valued at approximately $107,392,463.64. The trade was a 0.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 value 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 value 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 stock was 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 transaction of $2,995,800.00.
On Friday, July 31st, Christian Kleinerman sold 20,000 shares of Snowflake stock. The shares were sold at an average price of $300.00, for a total transaction 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 transaction of $646,400.00.
On Tuesday, June 23rd, Christian Kleinerman sold 2,621 shares of Snowflake stock. The stock was 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 shares were sold at an average price of $240.00, for a total transaction of $716,640.00.

Snowflake Price Performance

SNOW stock opened at $326.97 on Friday. The firm has a 50 day moving average price of $305.18 and a 200-day moving average price of $225.74. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $384.56. The firm has a market capitalization of $113.33 billion, a price-to-earnings ratio of -102.82 and a beta of 1.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.05 and a current ratio of 0.94.

Snowflake (NYSE:SNOW – Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping 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 the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business posted $0.35 EPS. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. Equities research analysts forecast that Snowflake Inc. will post -1.6 EPS for the current fiscal year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: AI is accelerating growth: Snowflake’s fiscal Q2 2027 results showed 37% product-revenue growth, 126% net revenue retention, revenue of $1.55 billion and adjusted EPS of $0.62, beating estimates. Management said customers using Cortex AI and related tools are consuming more of Snowflake’s core data platform. Could Snowflake’s Big Quarter Be a Sign of More to Come?
Positive Sentiment: Customer adoption is providing evidence of demand: Swiggy selected Snowflake as a unified data foundation and reported that its data workloads became 96% faster. The partnership spans food delivery, quick commerce and dining, supporting the case for broader enterprise usage. Swiggy Credits Snowflake for Making Data Workloads 96% Faster
Positive Sentiment: Investor and analyst sentiment is favorable: Snowflake was selected as a CNBC “Final Trade,” while multiple firms raised price targets into the $425–$450 range. The reported analyst consensus is a “Moderate Buy” rating with a $414.24 target, suggesting potential upside if growth continues. Snowflake on CNBC’s Final Trades
Neutral Sentiment: Recent conference commentary reinforces the strategy: Executives highlighted AI adoption, customer consumption and the opportunity to build a recurring data-and-AI growth cycle, but provided limited new financial information. Snowflake Citi Global TMT Conference Transcript
Negative Sentiment: Valuation raises the risk of a pullback: After its sharp advance, investors appear to be pricing in sustained AI monetization and near-perfect execution. Any slowdown in consumption, margins or guidance could prompt profit-taking. Snowflake AI Story and Valuation Risk
Negative Sentiment: Insider selling is a sentiment headwind: Directors Mark Garrett and Michael Speiser sold roughly $35.5 million of shares combined, while EVP Christian Kleinerman sold $916,516. Some transactions were made under Rule 10b5-1 plans or to cover taxes, making them less clearly bearish, but the sales may encourage near-term caution. Snowflake Insider Selling Alert

Institutional Trading of Snowflake

A number of large investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its position in Snowflake by 25,944.6% during the second quarter. California State Teachers Retirement System now owns 127,340,602 shares of the company’s stock valued at $32,408,183,000 after purchasing an additional 126,851,670 shares during the period. Nuveen LLC lifted its holdings in shares of Snowflake by 2.3% during the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after buying an additional 116,521 shares during the period. Geode Capital Management LLC boosted its stake in shares of Snowflake by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock worth $1,052,195,000 after buying an additional 249,668 shares during the last quarter. Norges Bank purchased a new position in shares of Snowflake in the 4th quarter worth $974,091,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Snowflake by 22.2% in the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock worth $452,014,000 after acquiring an additional 544,960 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. DA Davidson increased their target price on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Evercore reiterated an “outperform” rating and issued a $430.00 price target on shares of Snowflake in a research note on Thursday, September 3rd. Needham & Company LLC increased their price objective on shares of Snowflake from $330.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Barclays increased their price objective on shares of Snowflake from $332.00 to $384.00 and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Snowflake in a report on Tuesday. Thirty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $414.24.

Read Our Latest Stock Report 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.