Christian Kleinerman Sells 2,622 Shares of Snowflake (NYSE:SNOW) Stock

Posted by Bonnie Powley on Sep 23rd, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) EVP Christian Kleinerman sold 2,622 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $344.50, for a total transaction of $903,279.00. Following the completion of the sale, the executive vice president directly owned 328,738 shares in the company, valued at $113,250,241. This trade represents a 0.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Wednesday, September 16th, Christian Kleinerman sold 2,986 shares of Snowflake stock. The stock was 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 shares were sold at an average price of $335.72, for a total value 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 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 value 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 value 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 value of $2,970,000.00.
On Friday, July 31st, Christian Kleinerman sold 9,986 shares of Snowflake stock. The shares were 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.

Snowflake Trading Down 1.0%

Shares of NYSE SNOW traded down $3.25 during midday trading on Tuesday, reaching $336.14. 4,958,236 shares of the stock were exchanged, compared to its average volume of 5,370,478. The company has a market capitalization of $118.59 billion, a P/E ratio of -105.70 and a beta of 1.33. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $384.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $313.36 and a 200-day moving average price of $233.15.

Snowflake (NYSE:SNOW – Get Free Report) last posted 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 analyst estimates of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The company’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. Equities research analysts expect that Snowflake Inc. will post -1.57 earnings per share for the current fiscal year.

Institutional Trading of Snowflake

Several institutional investors have recently made changes to their positions in SNOW. Norges Bank purchased a new stake in shares of Snowflake during the fourth quarter valued at approximately $974,091,000. Jericho Capital Asset Management L.P. acquired a new stake in Snowflake during the 4th quarter valued at $345,619,000. Pictet Asset Management Holding SA increased its stake in Snowflake by 44.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company’s stock worth $392,259,000 after buying an additional 803,110 shares during the period. OMERS ADMINISTRATION Corp increased its stake in Snowflake by 4,284.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 696,278 shares of the company’s stock worth $105,013,000 after buying an additional 680,397 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Snowflake by 22.2% in the 1st quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock worth $452,014,000 after buying an additional 544,960 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Jim Cramer said Snowflake has “caught fire in recent months” after meeting with the company, reinforcing the bullish view that its data platform is benefiting from increased enterprise software and AI demand. Jim Cramer Notes Snowflake
Positive Sentiment: A recent investment analysis argued that Snowflake’s recovery and long-term growth potential may still justify further upside, citing a roughly $425 Street target compared with a current price near $332. This is an analyst-style opinion rather than new company guidance. Snowflake Stock Is Up 45 Percent in a Year
Neutral Sentiment: Former Snowflake CFO Mike Scarpelli joined ClickHouse’s board as that company’s run-rate revenue surpassed $350 million. The appointment highlights competition in the data-platform market but does not directly change Snowflake’s fundamentals. ClickHouse Appoints Mike Scarpelli
Negative Sentiment: Director Frank Slootman sold a combined 300,000 shares for approximately $100.3 million across September 18 and 21, reducing his direct ownership by more than 84% to 19,024 shares. Although the sales were made under a pre-arranged trading plan, their size may encourage profit-taking concerns. SEC insider transaction filing
Negative Sentiment: Executive Vice President Christian Kleinerman sold 2,622 shares worth about $903,000 to cover tax withholding tied to vested equity awards. Because the transaction was tax-related and represented only a 0.79% reduction in his holdings, it is a relatively weak bearish signal. SEC insider transaction filing
Negative Sentiment: A report describes an autonomous AI security agent identifying and exploiting a vulnerability in Snowflake’s GitHub repository. The potential security and reputational implications may concern investors, though the report does not indicate a customer-data breach or operational disruption. Snowflake GitHub vulnerability report

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SNOW shares. Morgan Stanley increased their price target on Snowflake from $300.00 to $470.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Needham & Company LLC upped their target price on Snowflake from $330.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. DA Davidson increased their target price on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. BTIG Research raised their price target on Snowflake from $340.00 to $424.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Finally, Sanford C. Bernstein raised their price target on Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, May 28th. Thirty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Snowflake presently 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.