The insider sales are trivial in size and occur after a strong earnings report, suggesting routine portfolio diversification rather than a bearish signal. Monitor for any C-suite selling in the coming weeks, but this cluster alone does not warrant a trading action.
Price Chart
Executive Summary
Two Snowflake insiders—a director and an EVP—sold a combined ~$3.94M in shares over a 7-day window, occurring just 7 days after the company reported a strong Q2 FY2027 beat-and-raise earnings release. The sales are small relative to Snowflake's $118.4B market cap (~0.003%), and the EVP's sale is consistent with routine post-earnings liquidity. The cluster is not informative of a bearish view given the trivial proportionality and the strong fundamental backdrop.
Key Financial Metrics
Key Facts
- Director Michael Speiser sold ~$3.94M in multiple trades on 2026-09-04 at ~$353.87.
- EVP Christian Kleinerman sold $3.80M on 2026-09-03 at $380.00.
- Total cluster value of ~$7.74M represents ~0.007% of Snowflake's $118.4B market cap.
- Sales occurred 7 days after a strong Q2 FY2027 earnings beat (product revenue +37% YoY, EPS beat by 38%).
- No C-suite (CEO/CFO) participation in the cluster; both sellers are a director and an EVP.
Financial Impact
Total insider sales of ~$7.74M, or ~0.007% of market cap — immaterial relative to company size.
Risk Factors
- No material risk identified from this cluster; sales are well within normal post-earnings liquidity patterns.
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-1788991300413 |
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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