The insider sales are routine portfolio diversification at a $117B market cap and carry no bearish signal, especially given the strong Q2 earnings and raised guidance just days prior. Monitor for any 10b5-1 plan adoption or larger-scale C-suite sales, but this cluster alone does not warrant action.
Price Chart
Executive Summary
Two directors (Mark Garrett, Michael Speiser) and EVP Christian Kleinerman sold a combined $33.33M in Snowflake stock over three days, following the company's strong Q2 earnings beat and raised guidance. The sales are large in absolute terms but represent only ~0.03% of Snowflake's $116.9B market cap, making them routine diversification for insiders at a high-flying stock. The cluster is entirely sells, but the dollar value is trivial relative to market cap, and the timing after a bullish earnings release suggests no negative information content.
Key Financial Metrics
Key Facts
- Two directors and one EVP sold a combined $33.33M in SNOW stock over 3 days (Sep 3-4, 2026).
- Sales represent ~0.03% of Snowflake's $116.9B market cap — trivial relative to company size.
- Cluster follows a strong Q2 FY2027 earnings beat (EPS $0.62 vs $0.45 consensus) and raised guidance.
- All three sales are open-market sells (Code S); no insider buying in the cluster.
- Non-cash tax-withholding transactions by CAO Emily Ho and CRO Jonathan Beaulier on Sep 8 are $0 economic value and do not affect sentiment.
Financial Impact
Total insider sales of $33.33M, or ~0.03% of market cap — immaterial
Risk Factors
- Insiders may continue selling at elevated levels post-earnings
- No insider buying to signal conviction at current valuation
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-1789086467115 |
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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