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Kleinerman, Snowflake’s evp, product management, sells $2.49m in SNOW

Published 04/12/2025, 02:16
Kleinerman, Snowflake’s evp, product management, sells $2.49m in SNOW
SNOW
-9.43%

Christian Kleinerman, Executive Vice President, Product Management at Snowflake Inc (NYSE:SNOW), sold 10,000 shares of common stock on December 1, 2025, according to a recent Form 4 filing. The shares were sold at a price of $249.53, for a total transaction value of $2.49 million. The sale comes as Snowflake shares have gained 42% over the past year and currently trade at $265, slightly above InvestingPro’s Fair Value estimate, suggesting the stock may be somewhat overvalued.

Following the transaction, Kleinerman directly owns 512,450 shares of Snowflake Inc . common stock. The filing also indicates that Kleinerman indirectly owns shares through several entities, including the Kleinerman 2020 Dynasty LLC, the Christian Kleinerman 2023 Grantor Retained Annuity Trust, the Christian Kleinerman 2024 Grantor Retained Annuity Trust, and the Christian Kleinerman 2022 Grantor Retained Annuity Trust.

The sale was executed under a pre-arranged 10b5-1 trading plan adopted by Kleinerman on December 19, 2024. Investors should note that Snowflake, with a market cap of $90.33 billion, is scheduled to report earnings on December 3. While not profitable over the last twelve months, analysts predict the company will be profitable this fiscal year. InvestingPro offers additional insights through its comprehensive Pro Research Report, available for Snowflake and 1,400+ other US equities.

In other recent news, Snowflake Inc. reported its third-quarter 2025 earnings, which exceeded analysts’ expectations. The company announced earnings per share of $0.39, surpassing the anticipated $0.31 by 25.81%. Revenue for the quarter reached $1.21 billion, slightly above the projected $1.18 billion, representing a 2.54% surprise. These results highlight Snowflake’s robust performance and strategic execution. Additionally, the earnings announcement was met with positive reactions from investors. The company’s ability to exceed both earnings and revenue estimates underscores its strong market position. Analysts continue to monitor Snowflake’s performance closely, reflecting its significant role in the industry.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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