Insider Selling: Snowflake (NYSE:SNOW) EVP Sells $916,515.60 in Stock

Posted by Alphonse Anthony on Sep 13th, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) EVP Christian Kleinerman sold 2,730 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $335.72, for a total value of $916,515.60. Following the sale, the executive vice president directly owned 319,887 shares of the company’s stock, valued at $107,392,463.64. The trade was a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 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 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 transaction 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 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 shares were 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 value of $716,640.00.

Snowflake Stock Down 0.8%

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

Snowflake (NYSE:SNOW – Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The company’s revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. Research analysts anticipate that Snowflake Inc. will post -1.6 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SNOW. Parkside Financial Bank & Trust grew its stake in Snowflake by 15.6% in the second quarter. Parkside Financial Bank & Trust now owns 334 shares of the company’s stock valued at $85,000 after purchasing an additional 45 shares in the last quarter. Tsfg LLC increased its position in shares of Snowflake by 27.8% during the 2nd quarter. Tsfg LLC now owns 230 shares of the company’s stock worth $59,000 after purchasing an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Snowflake by 4.4% during the 4th quarter. Great Valley Advisor Group Inc. now owns 1,438 shares of the company’s stock worth $316,000 after purchasing an additional 60 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of Snowflake by 4.5% in the 4th quarter. Johnson Investment Counsel Inc. now owns 1,383 shares of the company’s stock valued at $303,000 after buying an additional 60 shares during the last quarter. Finally, L2 Asset Management LLC boosted its holdings in shares of Snowflake by 4.9% in the 3rd quarter. L2 Asset Management LLC now owns 1,379 shares of the company’s stock valued at $311,000 after buying an additional 64 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake News Summary

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

Analysts Set New Price Targets

Several research firms have weighed in on SNOW. Sanford C. Bernstein lifted their target price on Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, May 28th. DA Davidson increased their price target on shares of Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Oppenheimer raised their price objective on shares of Snowflake from $400.00 to $475.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. BTIG Research lifted their price objective on shares of Snowflake from $340.00 to $424.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Finally, Evercore restated an “outperform” rating and issued a $430.00 price objective on shares of Snowflake in a report on Thursday, September 3rd. Thirty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $414.24.

Read Our Latest Stock Report on Snowflake

About Snowflake

(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.