Street Calls of the Week
Snowflake Inc. NASDAQ:SNOW Founder and Chief Architect Dageville Benoit sold 25,000 shares of common stock on October 16, 2025, at a price of $246, totaling $6.15 million. The sale occurred with the stock trading near its 52-week high of $255.39, following a remarkable 101% gain over the past year. According to InvestingPro analysis, the company appears to be trading above its Fair Value.
On the same day, Dageville exercised options to acquire 25,000 shares of Snowflake common stock at $13.48, for a total value of $337,000. Benoit also gifted 7,500 shares. While the company isn’t currently profitable, InvestingPro analysts project profitability this year, with an EPS forecast of $1.29 for fiscal 2026. Get deeper insights into insider trading patterns and 8 additional key ProTips with an InvestingPro subscription.
Following these transactions, Dageville directly owns 50,519 shares of Snowflake common stock. Benoit also indirectly owns 3,074,055 shares of common stock held by The Snow Trust UTA dated 9/10/19, for which the Reporting Person is a trustee, 750,000 shares held by The Thira GRAT No. 1 dated 3/13/2025 for which the Reporting Person’s spouse is the trustee, and 750,000 shares held by The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee.
These transactions were executed under a pre-arranged 10b5-1 trading plan adopted on March 28, 2025.
In other recent news, Snowflake Inc . has seen several noteworthy developments. UBS raised its price target for the company to $310 from $285, maintaining a Buy rating, following insights gained from industry events. Similarly, Wedbush increased its price target to $270, citing Snowflake’s growth potential through enhanced engineering and marketing strategies. Mizuho reiterated its Outperform rating with a $260 target, highlighting Snowflake’s emphasis on an open data ecosystem at their World Tour event.
Additionally, Snowflake announced a strategic partnership with Palantir, integrating their AI Data Cloud with Palantir’s Foundry and Artificial Intelligence Platform. This collaboration aims to improve data pipelines and AI applications for commercial and public sector clients. Another partnership was formed with Cognite to enhance industrial data sharing, enabling real-time data flow between their platforms without duplication. These partnerships are part of Snowflake’s broader strategy to expand its capabilities and market reach.
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