This insider cluster is too small to be informative. Monitor for larger insider activity (>0.5% of market cap) or a catalyst (earnings, product launch) that would give context to these sales. No trade action warranted.
Price Chart
Executive Summary
Three Snowflake insiders, including co-founder/Director Benoit Dageville and Director Michael Speiser, sold a combined $29.43M in open-market sales over a 7-day window. Dageville also gifted 16,668 shares (non-cash). The total sales represent ~0.025% of Snowflake's $116.9B market cap, which is well below the 0.1% threshold for materiality. The cluster is entirely sells, but the dollar amount is trivial relative to company size, and insider sales are weak predictors per academic literature. The historical calibration shows a 100% win rate on prior SNOW reports, but this cluster is too small to drive a directional call. The cross-filing actuarial verdicts show all combos as amplifiers, but no substantive cross-filing context (earnings, restatement, offering, etc.) is present to trigger an override. The cluster is routine and non-informative.
Key Financial Metrics
Key Facts
- Three insiders sold $29.43M in open-market sales (0.025% of $116.9B market cap)
- Benoit Dageville (co-founder/Director) sold $16.79M and gifted 16,668 shares
- Michael Speiser (Director) sold $11.02M; Christian Kleinerman (EVP) sold $1.63M
- Sales are trivial relative to market cap — below 0.1% materiality threshold
- No earnings, restatement, offering, or other cross-filing context to amplify signal
Financial Impact
$29.43M in insider sales, representing 0.025% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if insiders perceive peak valuation
- No bearish signal from this cluster alone — sales are routine and immaterial
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SNOW-1786749196063 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 15d ago | 144 | $331.02 $334.81 | ▼ −1.14% | ▲ +0.68% | $341.99 (−3.31%) |
Sep 11, 2026 21d ago | Insider Cluster | $328.99 $332.43 | ▲ +1.05% | ▲ +1.27% | $341.99 (+3.95%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $341.99 (+3.72%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $341.99 (+3.72%) |
Sep 9, 2026 22d ago | Insider Cluster | $329.72 $338.39 | ▲ +2.63% | ▲ +3.13% | $341.99 (+3.72%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▲ +1.43% | ▲ +0.22% | $341.99 (−1.43%) |
Sep 4, 2026 27d ago | 144 | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $341.99 (+1.43%) |
Sep 3, 2026 28d ago | Insider Cluster | $337.18 $332.35 | ▼ −1.43% | ▼ −0.22% | $341.99 (+1.43%) |
Sep 2, 2026 29d ago | 8-K | $356.47 $328.99 | ▼ −7.71% | ▼ −6.56% | $341.99 (−4.06%) |
Aug 28, 2026 4w ago | Insider Cluster | $331.43 $335.50 | ▲ +1.23% | ▲ +1.37% | $341.99 (+3.19%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access