Insider selling at Snowflake is routine and trivial relative to market cap. No bearish signal here — these are likely liquidity or diversification trades by directors. Monitor next quarterly earnings (due late November) for any guidance revision, but this cluster does not warrant a trading response.
Price Chart
Executive Summary
Two Snowflake directors, Frank Slootman and Benoit Dageville, sold a combined $16.67M in open-market shares over a 7-day window. Dageville's $15.47M sale is the dominant transaction, while a concurrent $0 gift of 16,668 shares is non-cash and non-informative. At 0.015% of Snowflake's $114.1B market cap, the total dollar value is trivial relative to company size, making this a routine liquidity event rather than a material signal of deteriorating fundamentals. The cluster is entirely sells with no buys, but the proportionality check renders it noise for a mega-cap stock.
Key Financial Metrics
Key Facts
- Total insider sales of $16.67M represent ~0.015% of Snowflake's $114.1B market cap.
- Benoit Dageville (Director) sold 50,000 shares at $309.44 for $15.47M on 2026-08-26.
- Frank Slootman (Director) sold 3,700 shares at $322.88 for $1.20M on 2026-08-19.
- Dageville also gifted 16,668 shares at $0 — a non-cash transaction with no economic signal.
- No open-market purchases in the cluster; net direction is entirely selling.
- Prior 30-day insider activity shows 8 sells totaling $31.2M, consistent with routine diversification.
Financial Impact
Total insider sales of $16.67M, or 0.015% of market cap — immaterial.
Risk Factors
- Insider selling pattern may continue as part of routine 10b5-1 plans, but no evidence of informed selling at this scale.
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-1787954487042 |
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
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