SNOW Snowflake Inc.
Price Chart
Executive Summary
Three Snowflake insiders, including directors Frank Slootman and Mark Garrett, sold a total of $32.8M in open-market shares over four days following a strong Q1 FY2027 earnings beat. The sales are predominantly by directors exercising and immediately selling vested options, a routine pattern that does not signal bearish conviction, especially given the company's raised guidance and accelerating AI-driven consumption.
Key Financial Metrics
Actionable Insight
The insider sales are routine post-earnings option exercises by directors — not a signal of deteriorating fundamentals. Snowflake's raised guidance and strong AI-driven consumption growth remain the dominant narrative. Monitor for any unexpected insider buying or a shift in the pattern (e.g., C-suite open-market sales without option exercise) as a potential red flag.
Key Facts
- Three insiders sold a total of $32.8M in open-market shares from May 26–29, 2026.
- Director Frank Slootman sold $40.7M in total (including $30.8M on May 29 alone), all tied to exercising options at $0 or $8.88 strike.
- Director Mark Garrett sold $25.0M on May 29, also tied to exercising options at $0 and $3.74 strike.
- EVP Christian Kleinerman sold $1.18M on May 28 — a smaller, likely liquidity-driven sale.
- The cluster follows Snowflake's May 27 Q1 FY2027 earnings beat: product revenue $1.33B (+34% YoY), total revenue $1.39B (+33% YoY), and raised full-year product revenue guidance to $5.84B.
- Total insider sales of $32.8M represent ~0.04% of Snowflake's $88.6B market cap — trivial relative to company size.
- All director sales are option-exercise-and-sell transactions, a common pattern for tax planning and diversification, not a bearish signal.
Financial Impact
Total insider sales of $32.8M, or ~0.04% of market cap. No material financial impact.
Risk Factors
- Insider sales could be misinterpreted by the market as a lack of confidence, causing short-term selling pressure.
- If future filings show continued director selling without option exercise, it may signal reduced conviction.
- Snowflake's high valuation (88% analyst bullish) leaves limited upside if growth decelerates.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SNOW-1780358033802 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 8, 2026
4d ago
|
Insider Cluster
| $239.79 awaiting T+1 | awaiting T+1 | — | $232.78 (−2.92%) |
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Jun 8, 2026
4d ago
|
Insider Cluster
| $239.79 awaiting T+1 | awaiting T+1 | — | $232.78 (−2.92%) |
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Jun 5, 2026
7d ago
|
144
| $236.24 awaiting T+1 | awaiting T+1 | — | $232.78 (−1.46%) |
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $244.17 $236.86 | ▼ −2.99% | ▼ −0.40% | $232.78 (−4.66%) |
|
Jun 1, 2026
11d ago
|
Insider Cluster
| $260.95 $241.09 | ▼ −7.61% | ▼ −6.89% | $232.78 (−10.79%) |
|
Jun 1, 2026
11d ago
|
144
| $278.95 $260.95 | ▲ +6.45% | ▲ +6.60% | $232.78 (+16.55%) |
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May 31, 2026
12d ago
|
ANALYST-UPGRADE
| $223.65 $218.31 | ▼ −2.39% | ▼ −3.04% | $232.78 (+4.08%) |
|
May 30, 2026
14d ago
|
Insider Cluster
| $278.95 $260.95 | ▼ −6.45% | ▼ −6.60% | $232.78 (−16.55%) |
|
May 29, 2026
14d ago
|
144
| $278.95 $260.95 | ▲ +6.45% | ▲ +6.60% | $232.78 (+16.55%) |
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May 29, 2026
14d ago
|
144
| $254.43 $278.95 | ▲ +9.64% | ▲ +9.38% | $232.78 (−8.51%) |
US Market Status
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