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Christian Kleinerman, Executive Vice President of Product Management at Snowflake Inc . (NYSE:SNOW), recently sold 7,908 shares of the company’s Class A common stock. The sale, executed on March 21, 2025, was part of a pre-arranged trading plan and amounted to approximately $1.22 million, with shares sold at an average price of $154.67 each. The transaction comes as Snowflake, currently valued at $54.64 billion, trades near InvestingPro’s calculated Fair Value.
In addition to this sale, Kleinerman had transactions on March 20, 2025, involving the disposition of 7,199 and 863 shares, respectively, to cover tax obligations related to the vesting of restricted stock units. These shares were valued at $155.96 each, contributing to a total transaction value of about $1.26 million. The company has shown strong momentum, with revenue growing 29.21% over the last twelve months.
Following these transactions, Kleinerman holds 600,632 shares directly and additional shares indirectly through various trusts and an LLC. Notably, 18 analysts have recently revised their earnings expectations upward for the upcoming period, with price targets ranging from $115 to $235. For deeper insights into Snowflake’s valuation and growth prospects, access the comprehensive research report available on InvestingPro.
In other recent news, Snowflake Inc. has announced the appointment of Mike Gannon as the new Chief Revenue Officer, taking over from Chris Degnan, who will retire. Gannon brings experience from his previous role at VMware (NYSE:VMW) by Broadcom (NASDAQ:AVGO), where he was instrumental in sales and market strategy. This leadership change comes as Snowflake continues its expansion efforts and aims to maintain its growth trajectory.
Additionally, RBC Capital Markets has maintained an Outperform rating on Snowflake with a price target of $221, emphasizing the company’s strategic direction and market opportunities. DA Davidson also reiterated its Buy rating on Snowflake with a $225 price target, highlighting the company’s potential in the AI and cloud computing sectors. Both firms see Snowflake as a favorable investment due to its growth prospects and alignment with industry trends.
Meanwhile, DA Davidson has identified Monday.com as a resilient stock amidst market volatility, suggesting potential growth despite economic uncertainties. This positive outlook for Monday.com indicates its ability to sustain growth and presents an attractive investment opportunity at current valuation levels. Investors will likely monitor these developments closely as the companies navigate the evolving market landscape.
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