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Christian Kleinerman, the Executive Vice President of Product Management at Snowflake Inc . (NYSE:SNOW), recently sold shares of the company’s Class A common stock. The transaction comes as the $69.49 billion company trades near its 52-week high of $214.83, having delivered an impressive 62.37% return over the past year. InvestingPro data shows the stock currently trades at elevated multiples, suggesting rich valuation levels. According to a Form 4 filing with the Securities and Exchange Commission, Kleinerman sold 548 shares on June 10, 2025, at an average price of $209.96, totaling approximately $115,058. This transaction was conducted under a 10b5-1 trading plan, which was adopted on December 19, 2024.
Additionally, on June 9, 2025, Kleinerman disposed of shares to satisfy tax withholding obligations upon the vesting of restricted stock units. A total of 1,467 shares were withheld at a price of $210.84, amounting to $309,302. After these transactions, Kleinerman holds 568,617 shares directly, as well as additional shares indirectly through various trusts and an LLC.
In other recent news, Snowflake Inc. has garnered attention following its Snowflake Summit ’25 in San Francisco. Stifel analysts maintained a Buy rating with a $220 price target, citing positive feedback from partners and customers about Snowflake’s competitive edge and product offerings. Cantor Fitzgerald also reiterated an Overweight rating with a $242 price target, highlighting the strategic acquisition of Crunchy Data and the company’s refined go-to-market strategy. Needham analysts reaffirmed their Buy rating and $230 price target after Snowflake introduced Snowflake Intelligence, a feature aimed at expanding AI capabilities to a broader audience. BTIG raised the price target to $235 from $225, maintaining a Buy rating, and noted Snowflake’s encouraging tone on new product initiatives and business pace. TD Cowen increased their price target to $240, emphasizing Snowflake’s accelerated product roadmap and the company’s competitive market position. The company’s emphasis on AI advancements and strategic acquisitions has been a focal point for analysts, who largely maintain a positive outlook on Snowflake’s future growth prospects.
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