Snowflake Inc. (NYSE:SNOW – Get Free Report) EVP Christian Kleinerman sold 2,621 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $228.45, for a total value of $598,767.45. Following the completion of the sale, the executive vice president owned 400,379 shares in the company, valued at approximately $91,466,582.55. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 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.
- 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 shares were 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 stock was sold at an average price of $236.77, for a total transaction of $1,183,850.00.
Snowflake Trading Down 2.1%
SNOW stock opened at $225.62 on Thursday. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $284.99. The firm’s 50-day moving average is $188.07 and its 200 day moving average is $188.79. The company has a market capitalization of $78.20 billion, a PE ratio of -64.10 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05.
Analyst Ratings Changes
Several research analysts recently issued reports on SNOW shares. Bank of America increased their price objective on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Canaccord Genuity Group lifted their target price on Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Zacks Research upgraded Snowflake from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Truist Financial increased their price target on Snowflake from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Finally, Barclays raised their price target on Snowflake from $272.00 to $285.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $293.53.
Read Our Latest Stock Analysis on Snowflake
Key Headlines Impacting Snowflake
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Analysts remain constructive on Snowflake, with multiple firms raising price targets and maintaining Buy ratings, reflecting confidence that AI-related demand and customer feedback from Snowflake Summit 2026 support the growth story.
- Positive Sentiment: Snowflake’s expanding partner ecosystem is reinforcing its role in enterprise AI and marketing data workflows, with Marketplacer, Denodo, GrowthLoop, and other partners highlighted in recent “One to Watch” and integration announcements.
- Positive Sentiment: Recent articles suggest Snowflake’s AI data cloud narrative is still attracting buyers after a strong rebound, with some market commentators arguing the stock may be becoming more attractive on valuation after its recent run-up. Snowflake (SNOW) Stock After 32% Monthly Jump Is The Valuation Starting To Appeal
- Neutral Sentiment: A new market note asks whether Snowflake can reach $300 this year, but concludes the move is possible longer term rather than in the next 12 months, making it more of a sentiment piece than a direct fundamental update. Will Snowflake Reach $300 This Year?
- Negative Sentiment: Director Frank Slootman sold 200,000 shares in a pre-arranged 10b5-1 transaction, extending a recent pattern of insider selling that may weigh on investor sentiment even though the sale was planned. Insider Selling: Snowflake (NYSE:SNOW) Director Sells $44,854,000.00 in Stock
Institutional Trading of Snowflake
A number of hedge funds have recently bought and sold shares of the stock. Assetmark Inc. raised its stake in shares of Snowflake by 99.1% during the 4th quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock worth $43,577,000 after acquiring an additional 98,870 shares in the last quarter. Jennison Associates LLC boosted its stake in Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after acquiring an additional 2,519,413 shares in the last quarter. William Blair Investment Management LLC purchased a new position in Snowflake in the third quarter worth $116,882,000. Swedbank AB grew its holdings in Snowflake by 6.0% in the fourth quarter. Swedbank AB now owns 1,330,415 shares of the company’s stock worth $291,840,000 after purchasing an additional 75,419 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Snowflake by 8.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 144,234 shares of the company’s stock worth $31,639,000 after purchasing an additional 10,972 shares in the last quarter. Hedge funds and other 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.
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