Insider sales at this scale (0.023% of market cap) are routine and non-informative. The absence of CEO/CFO selling and the small proportional size suggest diversification rather than a bearish view. Monitor next quarterly filing for any change in insider selling pattern, but no immediate action warranted.
Price Chart
Executive Summary
Two Snowflake insiders — Director Benoit Dageville and EVP Christian Kleinerman — sold a combined $22.0M in open-market shares over a three-day window (July 29–31). Dageville also made a non-cash gift of 16,668 shares. At $101.7B market cap, the sales represent ~0.022% of market cap, well below the 0.1% materiality threshold. The cluster is small in proportional terms and lacks the C-suite breadth that would amplify a bearish signal per the academic literature on insider sales.
Key Financial Metrics
Key Facts
- Director Benoit Dageville sold 50,000 shares at $280 for $14.0M on July 29.
- EVP Christian Kleinerman sold 29,986 shares across three trades at $300 for $8.9958M on July 31.
- Dageville also gifted 16,668 shares at $0 (non-cash) on July 29.
- Total open-market sales: $22.9958M, representing ~0.023% of Snowflake's $101.7B market cap.
- No C-suite CEO or CFO sales in this cluster; the most senior seller is a Director (Dageville).
- Sales are not clustered on a single date — spread across July 29 and 31, reducing the cluster signal.
- Prior 30-day insider activity shows 7 sells totaling $24.4M, consistent with routine diversification.
Financial Impact
Total open-market sales of $22.9958M represent 0.023% of Snowflake's $101.7B market cap — trivial in proportional terms.
Risk Factors
- Insider sales could accelerate if Dageville or Kleinerman continue selling into strength.
- Broader tech selloff or Snowflake-specific earnings miss could amplify any insider-selling narrative.
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-1785806147862 |
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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