Benoit Dageville, a director at Snowflake Inc. (NASDAQ:SNOW), sold 50,000 shares of the company’s common stock on July 15, 2026. The transaction totaled $13,826,499, with shares sold at a price of $276.53 each. The sale came as Snowflake stock trades near its 52-week high of $285, following a strong 28% surge over the past six months. The company’s shares currently appear overvalued according to InvestingPro Fair Value analysis.
On the same date, Mr. Dageville also gifted 16,668 shares of common stock. Both the sale and the gift were executed pursuant to a 10b5-1 trading plan, which Mr. Dageville adopted on April 3, 2026. The shares involved in these transactions were held indirectly through The Snow Trust UTA dated September 10, 2019, for which Mr. Dageville serves as a trustee.
Following these transactions, The Snow Trust UTA holds 2,868,219 shares of Snowflake common stock. Mr. Dageville also directly holds 180,958 shares, which include shares to be issued in connection with the vesting of restricted stock units. For deeper insights into Snowflake’s valuation and performance, InvestingPro offers exclusive access to comprehensive Pro Research Reports covering over 1,400 US equities.
In other recent news, Snowflake Inc. announced a substantial compensation package for CEO Sridhar Ramaswamy, valued at up to $448 million. This package is contingent upon the company’s market capitalization nearly doubling to $184 billion over the next seven years. In analyst updates, UBS reiterated its Buy rating on Snowflake, highlighting the company’s potential in the AI revenue model, with a price target set at $370. Additionally, Truist Securities increased its price target for Snowflake to $300, maintaining a Buy rating, noting the momentum from AI advancements observed at the Snowflake Summit 2026.
On the business development front, Snowflake was chosen by Unlimitail to power its retail media network using Snowflake Data Clean Rooms technology. This collaboration will enable retailers to manage their first-party data within their environments. Meanwhile, Databricks, a competitor in the data warehousing market, reported a significant increase in sales, reaching a $1.5 billion annual run rate, driven by AI demand. Databricks’ growth highlights the competitive landscape in which Snowflake operates, particularly in the AI and data warehousing sectors.
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