Kleinerman, Snowflake’s evp, product management, sells $1.25m in stock

Christian Kleinerman, Executive Vice President, Product Management at Snowflake Inc (NYSE:SNOW), sold 5,000 shares of common stock on October 8, 2025, at a price of $250, for a total value of $1,250,000. The sale comes as Snowflake’s stock trades near its 52-week high of $255.39, having surged approximately 68% over the past six months. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.

Following the transaction, Kleinerman directly holds 532,450 shares of Snowflake Inc . common stock, and indirectly holds 43,568 shares through the Kleinerman 2020 Dynasty LLC, 5,086 shares through the Christian Kleinerman 2022 Grantor Retained Annuity Trust, 100,000 shares through the Christian Kleinerman 2023 Grantor Retained Annuity Trust, and 100,000 shares through the Christian Kleinerman 2024 Grantor Retained Annuity Trust.

The sale was executed under a pre-arranged 10b5-1 trading plan adopted on December 19, 2024.

In other recent news, Snowflake has made several notable announcements and strategic moves. The company recently released Snowflake Cortex AI for the financial services sector, which aims to help financial institutions unify their data ecosystems and deploy AI models while adhering to regulatory compliance. Alongside this, Snowflake introduced a new managed Model Context Protocol (MCP) Server, now in public preview, which connects proprietary data with third-party sources like FactSet and MSCI.

UBS has increased its price target for Snowflake to $310, maintaining a Buy rating, citing market consolidation observed at industry events. Mizuho reiterated its Outperform rating with a $260 price target, highlighting Snowflake’s launch of its first vertical-specific offering for Cortex AI. Jefferies also maintained its Buy rating with a $270 price target, noting the acceleration in product innovation and velocity.

Additionally, Snowflake appointed Stella Low as Chief Communications Officer, effective October 6. Low, who brings experience from HP, Apple, and Cisco, will guide the company’s communications strategy as it continues its growth. These developments reflect Snowflake’s ongoing efforts to expand its offerings and strengthen its market position.

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