S&P 500 climbs to record high as in-line inflation data point to Fed rate cut
Snowflake Inc. NASDAQ:SNOW President of Products Dageville Benoit, sold 25,000 shares of common stock on September 4, 2025, at a price of $222.92, totaling approximately $5.57 million. The transaction comes as Snowflake, currently valued at $76.8 billion, has seen its stock surge 106% over the past year. According to InvestingPro data, analysts maintain a bullish outlook with price targets ranging from $170 to $440.
According to a Form 4 filing with the Securities and Exchange Commission, Dageville also exercised options to acquire 25,000 shares of Snowflake NASDAQ:SNOW common stock at a price of $13.48, for a total value of $337000. The filing also indicates that Benoit gifted 7,500 shares. The company has demonstrated strong growth with revenue increasing 28.37% over the last twelve months. For deeper insights into Snowflake’s valuation and growth metrics, access the comprehensive Pro Research Report available on InvestingPro.
Following these transactions, Dageville directly owns 58,325 shares of Snowflake. In addition, Dageville indirectly owns 3,146,555 shares 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.
The transactions were executed under a 10b5-1 trading plan adopted on March 28, 2025.
In other recent news, Snowflake announced significant developments regarding its leadership and financial performance. The company revealed that Chief Financial Officer Mike Scarpelli will retire on September 22, with Brian Robins from GitLab set to take over the role. In financial updates, Snowflake reported impressive second-quarter results, with product revenue reaching $1,090 million, marking a 32% year-over-year growth. This figure surpassed consensus estimates by $47 million, and the company’s remaining performance obligations increased by 33% to $6,932 million.
Analysts have responded positively to Snowflake’s performance. Macquarie raised its price target for the company to $235, maintaining a Neutral rating, citing the strong earnings results. Piper Sandler increased its price target to $285, highlighting the company’s growth in artificial intelligence and maintaining an Overweight rating. Similarly, TD Cowen adjusted its price target to $275, keeping a Buy rating, and noted improvements in revenue growth and sales metrics. These developments underscore the company’s ongoing financial momentum and strategic leadership transition.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.