Snowflake (NYSE:SNOW) EVP Christian Kleinerman Sells 2,621 Shares of Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 2,621 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $170.01, for a total value of $445,596.21. Following the sale, the executive vice president owned 533,494 shares of the company’s stock, valued at approximately $90,699,314.94. This trade represents a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 17th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The stock was sold at an average price of $175.34, for a total value of $523,565.24.
• On Tuesday, March 10th, Christian Kleinerman sold 550 shares of Snowflake stock. The shares were sold at an average price of $182.44, for a total value of $100,342.00.
• On Monday, March 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $165.01, for a total value of $1,650,100.00.
• On Monday, February 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $197.09, for a total transaction of $1,970,900.00.
• On Friday, January 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $219.90, for a total transaction of $2,199,000.00.

Snowflake Stock Down 0.7%

Shares of NYSE:SNOW opened at $160.28 on Thursday. The firm has a market cap of $54.85 billion, a PE ratio of -40.58 and a beta of 1.16. The company has a fifty day simple moving average of $181.49 and a 200 day simple moving average of $218.10. The company has a current ratio of 1.30, a quick ratio of 1.37 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. On average, equities research analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Analyst Ratings Changes

SNOW has been the subject of a number of research reports. BTIG Research decreased their price target on Snowflake from $312.00 to $235.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $275.00 target price on shares of Snowflake in a report on Thursday, February 26th. Raymond James Financial reaffirmed an “outperform” rating on shares of Snowflake in a report on Monday, February 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Snowflake in a research report on Wednesday, January 21st. Finally, Truist Financial lowered their price target on Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $248.58.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s Project SnowWork and bullish coverage: MarketBeat highlights the company’s new agentic AI platform (Project SnowWork) as a potential catalyst that ties Snowflake’s data platform to enterprise AI workflows and cites analyst price targets implying significant upside. Snowflake’s AI Bet: Can Project SnowWork Stop the 2026 SaaS Sell-Off Spiral?
• Positive Sentiment: Partnerships & ecosystem momentum: Snowflake was named partner in new product launches and standards initiatives (e.g., NINJIO partnership for reporting and Denodo joining the Open Semantic Interchange), which support product adoption and positioning in the enterprise AI/data market. NINJIO Partners with Snowflake and Sigma to Launch NINJIO Insights Denodo Joins Snowflake and Industry Leaders
• Neutral Sentiment: Analyst/industry writeups note strong revenue growth and AI tailwinds but also rising cloud competition; these pieces provide context for longer‑term upside while acknowledging near‑term headwinds. Snowflake Expands in Cloud Analytics: A Sign for More Upside?
• Negative Sentiment: Insider selling headlines: Reports that the founder/CAO and other executives sold shares this week have been widely reported and are being tied directly to a sharp intraday drop; SEC Form 4 filings confirm recent sales by EVP Christian Kleinerman and CAO Emily Ho. Snowflake (SNOW) Stock Drops 7% Following Insider Sales by Founder and CAO
• Negative Sentiment: Multiple law firms and class‑action notices: Several plaintiff firms (Rosen, Levi & Korsinsky, Pomerantz, Schall, etc.) have issued investor alerts and filings related to a purported class period, with an April 27, 2026 lead‑plaintiff deadline—creating legal risk and headline pressure. ROSEN Encourages Snowflake Investors to Secure Counsel
• Negative Sentiment: Broader SaaS/AI market volatility: Sector‑wide selling—amplified by new AI agent capabilities from vendors like Anthropic—has pressured SaaS valuations, contributing to short‑term outflows and volatility for Snowflake alongside peers. Workday, Elastic, Snowflake, nCino, and Appian Shares Plummet

Hedge Funds Weigh In On Snowflake

Large investors have recently bought and sold shares of the business. Purpose Unlimited Inc. bought a new position in shares of Snowflake during the fourth quarter valued at approximately $571,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Snowflake by 39.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 363,999 shares of the company’s stock worth $79,847,000 after purchasing an additional 102,534 shares during the last quarter. Osbon Capital Management LLC bought a new stake in shares of Snowflake in the 4th quarter worth approximately $47,000. Spear Advisors LLC acquired a new position in Snowflake during the 4th quarter valued at approximately $2,382,000. Finally, World Investment Advisors grew its stake in Snowflake by 45.6% during the 4th quarter. World Investment Advisors now owns 5,280 shares of the company’s stock worth $1,158,000 after buying an additional 1,653 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Company Profile

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.