Snowflake (NYSE:SNOW) EVP Christian Kleinerman Sells 10,000 Shares of Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $272.00, for a total transaction of $2,720,000.00. Following the completion of the transaction, the executive vice president directly owned 418,494 shares of the company’s stock, valued at $113,830,368. The trade was a 2.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 28th, Christian Kleinerman sold 100 shares of Snowflake stock. The stock was sold at an average price of $236.77, for a total transaction of $23,677.00.
• On Thursday, May 28th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $236.77, for a total transaction of $1,183,850.00.
• On Monday, March 23rd, Christian Kleinerman sold 2,621 shares of Snowflake stock. The stock was sold at an average price of $170.01, for a total transaction of $445,596.21.
• On Tuesday, March 17th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The shares were sold at an average price of $175.34, for a total transaction 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.

Snowflake Stock Performance

Shares of SNOW opened at $241.88 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.05. The stock has a 50-day moving average of $162.02 and a two-hundred day moving average of $190.30. The stock has a market cap of $83.62 billion, a P/E ratio of -68.72 and a beta of 1.35. Snowflake Inc. has a one year low of $118.30 and a one year high of $284.99.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share. As a group, research analysts predict that Snowflake Inc. will post -2.15 EPS for the current year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake unveiled a large set of AI product updates at Snowflake Summit 26, including upgrades to Horizon Catalog, CoWork, CoCo, and Datastream, reinforcing its push to become a core enterprise AI platform. Snowflake Advances Trusted AI with Snowflake Horizon Catalog Centralizing Governance, Context, and Security Across the Enterprise
• Positive Sentiment: Several new partnerships and customer wins were announced, including Sanofi and Thomson Reuters building on Snowflake, which signals growing enterprise adoption of its AI data cloud. Sanofi Chooses Snowflake to Accelerate its AI-Powered Drug Development
• Positive Sentiment: Wall Street sentiment improved, with UBS, Piper Sandler, Needham, BTIG, and TD Cowen raising price targets or reiterating bullish ratings, suggesting analysts see more upside in SNOW after the company’s recent momentum. UBS price target raise on Snowflake
• Positive Sentiment: Analysts also highlighted strong Q1 results and rapid adoption of new AI-native products, which helped fuel renewed investor enthusiasm around Snowflake’s growth story. The 5 Most Interesting Analyst Questions From Snowflake’s Q1 Earnings Call
• Neutral Sentiment: Snowflake’s Summit 26 also produced a long list of ecosystem announcements and partner awards, which help validate the platform but are mostly incremental near-term catalysts rather than immediate financial drivers. TransUnion Expands TruIQ Data Enrichment on Snowflake AI Data Cloud
• Neutral Sentiment: Coverage comparing Snowflake with MongoDB and other AI/software names adds visibility, but it is more about long-term positioning than a direct earnings impact. Snowflake vs. MongoDB: Which Technology Stock Is a Better Buy in 2026?
• Negative Sentiment: The stock also faces pressure from insider sales, including large June 1 transactions by Director Frank Slootman and EVP Christian Kleinerman, which can weigh on sentiment even when the sales were made under pre-arranged trading plans. Frank Slootman insider trade details
• Negative Sentiment: SNOW also fell with the broader software group after a second straight session of profit-taking in software stocks, indicating some of the move may be sector-driven rather than company-specific. ServiceNow and Snowflake Shares Are Falling, What You Need To Know

Analyst Ratings Changes

SNOW has been the subject of a number of research reports. Benchmark boosted their target price on shares of Snowflake from $200.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Truist Financial reiterated a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Snowflake in a research note on Thursday, May 28th. Canaccord Genuity Group boosted their price objective on Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Barclays restated a “positive” rating on shares of Snowflake in a research note on Thursday. Finally, HSBC set a $289.00 price target on Snowflake and gave the company a “buy” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $289.90.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SNOW. Parallel Advisors LLC raised its position in shares of Snowflake by 3.1% in the first quarter. Parallel Advisors LLC now owns 5,684 shares of the company’s stock valued at $857,000 after buying an additional 169 shares during the last quarter. Allen Capital Group LLC boosted its holdings in shares of Snowflake by 3.3% during the 1st quarter. Allen Capital Group LLC now owns 22,996 shares of the company’s stock worth $3,468,000 after purchasing an additional 742 shares during the last quarter. Glenmede Trust Co. NA grew its position in shares of Snowflake by 10.5% in the first quarter. Glenmede Trust Co. NA now owns 1,928 shares of the company’s stock valued at $291,000 after purchasing an additional 183 shares in the last quarter. Verus Capital Partners LLC increased its stake in shares of Snowflake by 65.5% in the 1st quarter. Verus Capital Partners LLC now owns 2,031 shares of the company’s stock worth $306,000 after acquiring an additional 804 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. purchased a new position in shares of Snowflake during the 1st quarter worth $739,000. 65.10% of the stock is owned by institutional investors and hedge funds.

About Snowflake

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.