The cluster is routine profit-taking following a strong earnings report, not an informed sell signal. No C-suite participation and sub-0.1% market cap value make this noise. Monitor next 10-Q for any change in insider selling patterns, but no immediate action warranted.
Price Chart
Executive Summary
A cluster of four Snowflake insiders sold $27.69M in shares over eight days, led by Director Mark Garrett's $25M open-market sale. The selling follows a strong Q1 beat and raised guidance, suggesting profit-taking or routine diversification rather than a bearish signal — the total represents just 0.03% of Snowflake's $82.6B market cap.
Key Financial Metrics
Key Facts
- Four insiders sold a total of $27.69M in open-market transactions from May 29 to June 5, 2026.
- Director Mark Garrett sold $25M (100K shares at $250), accounting for 90% of the cluster's dollar value.
- Total cluster value is 0.03% of Snowflake's $82.6B market cap — well below the 0.1% materiality threshold.
- The cluster follows a strong Q1 FY2027 earnings beat (product revenue +34% YoY) and raised guidance on May 27.
- No C-suite executives (CEO, CFO) participated in the selling; all sellers are directors or an EVP.
- Prior insider activity over the last 30 days totaled $58.5M in sells, consistent with ongoing routine diversification.
Financial Impact
Total insider sales of $27.69M represent 0.03% of market cap — immaterial from a supply/demand perspective.
Risk Factors
- If a broader insider sell-off accelerates (e.g., CEO/CFO join selling), it could signal waning confidence.
- The stock has been volatile post-earnings; further insider sales could amplify any negative sentiment.
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-1780958543131 |
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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