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Christian Kleinerman, the Executive Vice President of Product Management at Snowflake Inc . (NYSE:SNOW), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission dated March 12, 2025. Notably, Kleinerman sold 685 shares of Class A Common Stock on March 11, 2025, at a price of $147.24 per share, amounting to a total value of $100,859. The transaction comes as Snowflake, currently valued at $50.4 billion, trades near $152 per share, having gained 34% over the past six months despite recent market volatility.
Additionally, on March 10, 2025, Kleinerman acquired 28,744 shares of restricted stock units, which were granted at no cost. These units are set to vest quarterly over four years, beginning on June 8, 2025. On the same day, 423 shares were withheld to satisfy tax obligations related to the vesting of restricted stock units, priced at $158.91 each, totaling $67,218. According to InvestingPro, which provides comprehensive analysis of 1,400+ stocks, Snowflake appears fairly valued based on their proprietary Fair Value model, with analysts maintaining a bullish consensus and setting price targets ranging from $115 to $235.
Following these transactions, Kleinerman holds 622,611 shares directly. Indirectly, through various trusts and an LLC, he retains ownership of additional shares, including holdings in the 2022, 2023, and 2024 Grantor Retained Annuity Trusts and the Kleinerman 2020 Dynasty LLC. While the company isn’t currently profitable, InvestingPro analysis indicates strong revenue growth of 29% and analysts expect profitability in the coming year.
In other recent news, Snowflake Inc. has reported significant developments that could impact its future growth and investor interest. The company recently announced a leadership change, appointing Mike Gannon as the new Chief Revenue Officer, effective March 14, 2025. Gannon, who brings extensive experience from VMware (NYSE:VMW) and Broadcom (NASDAQ:AVGO), will replace Chris Degnan, who played a key role in reaching $3.4 billion in revenue for the last fiscal year. Additionally, Snowflake is opening a Silicon Valley AI Hub and pledging up to $200 million to invest in AI startups, aiming to foster innovation and collaboration in the AI sector.
Deutsche Bank (ETR:DBKGn) has raised its price target for Snowflake to $220, maintaining a Buy rating, following Snowflake’s fourth-quarter earnings report that met expectations and provided a positive outlook for fiscal year 2026. The report highlighted robust product revenue, exceeding guidance by 4%, and stable Net Revenue Retention rates in the mid-120% range. Stifel also increased its price target to $210 from $187, citing Snowflake’s strong fourth-quarter performance and improved operating margin. Despite slightly lower first-quarter 2026 revenue guidance, Stifel emphasized the full-year 2026 forecast of $4.28 billion, exceeding consensus estimates.
These developments underscore Snowflake’s strategic focus on expanding its AI capabilities and maintaining strong financial performance. Investors and analysts are watching closely as Snowflake continues to navigate the evolving tech landscape with these strategic initiatives.
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