The insider selling cluster is too small relative to Snowflake's $116.1B market cap to warrant a bearish read. The sales likely reflect post-earnings blackout-window liquidity by directors, not a negative signal on fundamentals. Monitor the next 10-Q for any guidance revision, but this cluster alone does not change the earnings-driven bullish thesis.
Price Chart
Executive Summary
Four Snowflake insiders sold a total of ~$35.4M in open-market sales over a 7-day window, representing 0.03% of the company's $116.1B market cap. Two directors (Garrett and Dageville) each sold ~$17M, while an EVP sold ~$917K. The cluster follows Snowflake's strong Q2 FY2027 earnings beat and raised guidance filed 12 days prior, suggesting the sales are likely post-earnings blackout-window liquidity events rather than informed bearish signals. At 0.03% of market cap, the dollar value is trivial relative to company size.
Key Financial Metrics
Key Facts
- Four insiders sold ~$35.4M in open-market sales over 7 days (0.03% of $116.1B market cap)
- Two directors (Garrett and Dageville) each sold ~$17M; EVP Kleinerman sold ~$917K
- Sales follow Q2 FY2027 earnings beat (EPS $0.62 vs $0.45 consensus) and raised guidance filed 12 days prior
- Non-cash gifts of 11,238 and 16,668 shares also occurred but have $0 economic impact
- Per academic literature, cluster sells are not more informative than non-cluster sells — likely liquidity-driven
Financial Impact
Open-market sales of ~$35.4M, representing 0.03% of market cap — trivial relative to company size
Risk Factors
- Insider selling could accelerate if the stock continues to rally post-earnings
- No CEO/CFO participation — the cluster lacks the strongest informational signal
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-1789432304008 |
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