Snowflake Inc. (NYSE:SNOW – Get Free Report) EVP Christian Kleinerman sold 2,986 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $240.00, for a total value of $716,640.00. Following the completion of the sale, the executive vice president owned 405,652 shares of the company’s stock, valued at approximately $97,356,480. This represents a 0.73% 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. 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 Tuesday, June 9th, Christian Kleinerman sold 2,729 shares of Snowflake stock. The stock was sold at an average price of $239.00, for a total value of $652,231.00.
- On Monday, June 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $272.00, for a total value of $2,720,000.00.
- 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 value of $23,677.00.
- On Thursday, May 28th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The stock was sold at an average price of $236.77, for a total value 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 value of $445,596.21.
Snowflake Stock Down 1.7%
NYSE:SNOW opened at $234.24 on Thursday. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $284.99. The company has a market cap of $81.19 billion, a price-to-earnings ratio of -66.55 and a beta of 1.35. The stock has a fifty day simple moving average of $178.86 and a 200-day simple moving average of $189.60. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18.
Hedge Funds Weigh In On Snowflake
Several institutional investors have recently made changes to their positions in the company. Rathbones Group PLC increased its stake in shares of Snowflake by 255.8% during the first quarter. Rathbones Group PLC now owns 25,932 shares of the company’s stock valued at $3,911,000 after buying an additional 18,643 shares during the period. Parallel Advisors LLC increased its stake in shares of Snowflake by 3.1% during 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 period. Allen Capital Group LLC increased its stake in shares of Snowflake by 3.3% during the first quarter. Allen Capital Group LLC now owns 22,996 shares of the company’s stock valued at $3,468,000 after buying an additional 742 shares during the period. Glenmede Trust Co. NA increased its stake in shares of Snowflake by 10.5% during the first quarter. Glenmede Trust Co. NA now owns 1,928 shares of the company’s stock valued at $291,000 after buying an additional 183 shares during the period. Finally, Verus Capital Partners LLC increased its stake in shares of Snowflake by 65.5% during the first quarter. Verus Capital Partners LLC now owns 2,031 shares of the company’s stock valued at $306,000 after buying an additional 804 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.
Key Stories Impacting Snowflake
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Snowflake announced that Unlimitail selected its platform to power a new privacy-preserving retail media data hub across Europe and Latin America, highlighting continued customer adoption of Snowflake’s data cloud and clean room tools. Article Title
- Positive Sentiment: EDO said it is using Snowflake Cortex AI to power ChatEDO, reinforcing Snowflake’s role in enterprise AI workflows and showing how customers are building higher-value products on its platform. Article Title
- Positive Sentiment: Jefferies said Snowflake still looks well-positioned despite heavier competition from Databricks, noting that both companies can benefit from expanding enterprise demand for data and AI infrastructure. Article Title
- Neutral Sentiment: Another analyst note argued Snowflake can hold its ground against Databricks because of stronger cash flow and a more attractive valuation, which supports the investment case but does not appear to be a major catalyst on its own. Article Title
- Neutral Sentiment: Several Snowflake executives sold shares under pre-arranged 10b5-1 plans, but the filings say the sales were tied to tax withholding from equity vesting rather than a change in business outlook. Article Title
- Negative Sentiment: Coverage highlighted intensifying competition from Databricks, which may weigh on Snowflake sentiment as investors compare growth rates and market share in the AI data platform space. Article Title
Wall Street Analysts Forecast Growth
SNOW has been the subject of several research analyst reports. Barclays lifted their target price on Snowflake from $272.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. HSBC set a $289.00 target price on Snowflake and gave the stock a “buy” rating in a research report on Friday, May 29th. Stifel Nicolaus lifted their target price on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. TD Cowen restated a “buy” rating and set a $300.00 price target on shares of Snowflake in a research note on Wednesday, June 3rd. Finally, Benchmark raised their price target on Snowflake from $200.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $291.77.
Check Out Our Latest Stock Report on SNOW
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.
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