Snowflake (NYSE:SNOW) EVP Sells $2,970,000.00 in Stock

Posted by Brian Himes on Aug 8th, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $297.00, for a total value of $2,970,000.00. Following the completion of the sale, the executive vice president directly owned 365,379 shares in the company, valued at $108,517,563. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

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 value 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 shares were 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 stock was sold at an average price of $240.00, for a total transaction 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 transaction of $652,231.00.
On Monday, June 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $272.00, for a total transaction 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 Stock Performance

SNOW stock opened at $330.26 on Friday. The stock’s 50 day simple moving average is $262.16 and its 200 day simple moving average is $201.11. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $331.40. The stock has a market capitalization of $114.47 billion, a PE ratio of -93.82 and a beta of 1.33.

Snowflake (NYSE:SNOW – Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company earned $0.24 EPS. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. As a group, research analysts forecast that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: AI product expansion: Snowflake introduced Cortex AI Gateway, designed to govern enterprise AI agents, control costs and strengthen security. New integrations with 1Password and Aembit could support additional enterprise AI workloads and platform adoption. Snowflake Unveils Cortex AI Gateway
Positive Sentiment: Positive analyst and options sentiment: Brokerages collectively maintain a “Moderate Buy” recommendation, with 34 Buy ratings, five Holds and one Sell. Investors have also traded large volumes of long-dated short-put positions, a strategy that can indicate willingness to buy SNOW at lower prices or collect premium income. The consensus price target of $296.68, however, is below the stock’s current trading level. Consensus Recommendation Snowflake Put Options Activity
Positive Sentiment: AI ecosystem momentum: Snowflake was cited as a strategic collaborator by Zeta Global after the marketing software company raised its 2026 revenue outlook. The association supports Snowflake’s positioning as infrastructure for AI-driven enterprise applications. Zeta Global AI Collaboration
Neutral Sentiment: Relative investment appeal: An article suggested investors taking profits in sharply higher Nebius Group shares could consider cloud and AI companies including Snowflake. This may increase comparative interest in SNOW but does not represent a direct business catalyst. Nebius and Snowflake Investment Comparison
Negative Sentiment: Security overhang: A Canadian hacker pleaded guilty to stealing data from more than 165 Snowflake customer environments and extorting victims. Although the case involves criminal attacks and does not announce a new Snowflake breach, it could revive concerns about customer security, controls and reputational risk. Snowflake Hacker Guilty Plea
Negative Sentiment: Executive selling: EVP Christian Kleinerman sold 10,000 shares worth approximately $2.97 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 2.66%, though the planned nature of the transaction makes it a weaker signal than discretionary selling. Christian Kleinerman Share Sale

Institutional Trading of Snowflake

A number of hedge funds and other institutional investors have recently bought and sold shares of SNOW. Kemnay Advisory Services Inc. purchased a new stake in Snowflake in the 4th quarter worth approximately $28,000. Greenline Wealth Management LLC purchased a new position in shares of Snowflake during the 4th quarter valued at $29,000. Basecamp Wealth Advisors LLC boosted its holdings in Snowflake by 140.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock worth $30,000 after buying an additional 118 shares during the period. Physician Wealth Advisors Inc. raised its holdings in Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after acquiring an additional 51 shares during the period. Finally, Emerald Advisers LLC lifted its position in shares of Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SNOW. Cantor Fitzgerald raised their price target on shares of Snowflake from $225.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Loop Capital raised their target price on shares of Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Snowflake in a research report on Thursday, May 28th. Sanford C. Bernstein increased their price target on Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, May 28th. Finally, KeyCorp lifted their price objective on Snowflake from $285.00 to $325.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Thirty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and an average price target of $296.68.

Read Our Latest Stock Analysis on Snowflake

About Snowflake

(Get Free Report)

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.