Snowflake (SNOW) Director Benoit Dageville Sells $16M of Stock
Key Points
- Snowflake Inc. director Benoit Dageville sold 50,000 shares on October 21, 2026, for about $16.1 million.
- After the trade, Benoit Dageville indirectly holds 2,301,543 $SNOW shares, down 2.13% from before the trade.
- Institutional investors like SBI Securities and Jennison Associates adjusted their holdings in recent filings.
- The software platform company trades near its 50-day moving average as investors await December earnings.
Since the trade, $SNOW is down 2.7% to date (from the $322.73 close on Oct 21, 2026).
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Snowflake Inc. director Benoit Dageville sold 50,000 shares of company stock on October 21, 2026, according to a Form 4 filing with the U.S. Securities and Exchange Commission. The transaction was carried out pursuant to a pre-arranged Rule 10b5-1 trading plan at a price of $321.74 per share, bringing the total value of the sale to approximately $16.1 million. Following the disposal, the insider retained 2,301,543 shares, cutting his holding by about 2.1%. Shares of Snowflake closed at $322.73 on the day of the transaction.
SNOW
Snowflake Inc.
Inside Benoit Dageville's Snowflake Trade
The sale by Dageville followed a pre-arranged trading plan, allowing company insiders to sell shares according to a set schedule without running afoul of insider trading rules. The 50,000 shares translated to a sizeable liquidity event for the director, who maintains a multi-million-share stake in the cloud software provider.
Other Institutional Activity in Snowflake
Institutional players continue to adjust their positions in the cloud platform provider alongside insider transactions. SBI Securities trimmed its holdings by 4,130 shares to end with 8,138 shares valued at about $2.8 million in a report filed October 22, 2026. Earlier, Jennison Associates LLC reduced its stake by 823,901 shares, leaving it with 6,340,455 shares worth roughly $2.1 billion at the end of June. Meanwhile, CTC expanded its position substantially earlier in the year, boosting its stake by 5,916 shares to hold 8,529 shares valued at around $2.1 million.
Snowflake Inc. Stock Up 0.9%
Shares recently traded around $325.62, sitting below their 50-day moving average of $331.91 but well above the 52-week low of $118.30.
Recent Earnings
Trailing twelve-month revenue reached $5.43 billion, accompanied by a net margin of -20.1% and a negative return on equity as the enterprise expands its artificial intelligence data platform.
Insider Buying and Selling at Snowflake Inc.
Insider activity has remained active in recent months. Director Frank Slootman sold 300,000 shares on October 19, 2026, following earlier transactions by CEO Sridhar Ramaswamy and EVP Christian Kleinerman over the summer.
Analysts Set New Price Targets
Wall Street firms maintain an active coverage slate. Needham reiterated its Buy rating on October 12, 2026, with a $450 price target. Earlier in September, firms including JP Morgan, Macquarie, Goldman Sachs, and Argus Research issued updates on the equity.
About Snowflake
Snowflake Inc. operates a cloud-based data platform that lets organizations consolidate information, build applications, and apply artificial intelligence to solve complex business problems.
Bottom Line
Investors are watching for the company's next financial report scheduled for December 2, 2026, to gauge ongoing revenue growth and platform adoption metrics.
Related Filing Alerts
Source: Benoit Dageville's Form 4 filing on $SNOW (Oct 21, 2026). Written by software, not financial advice. How we make alerts