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Director Michael L. Speiser of Snowflake Inc. (NASDAQ:SNOW) sold 50,525 shares of common stock on November 7, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales were executed at prices ranging from $257.0 to $261.494, resulting in a total transaction value of $13,055,810. The stock is currently trading at $268.51, near its 52-week high of $280.67, after posting impressive gains of 117% over the past year.
The filing indicates that the sales were conducted under a pre-arranged 10b5-1 trading plan adopted by Speiser on December 27, 2024.
Following the reported transactions, Speiser continues to hold shares in Snowflake Inc. both directly and indirectly through various trusts and a limited partnership. Despite not being profitable over the last twelve months with a diluted EPS of -$4.15, InvestingPro data shows analysts expect Snowflake to become profitable this fiscal year. The company is currently trading at a high Price/Book multiple of 38.34 and appears slightly overvalued according to InvestingPro’s Fair Value model. Investors can access 8 more exclusive ProTips and comprehensive analysis in Snowflake’s Pro Research Report, available with an InvestingPro subscription.
In other recent news, Snowflake Inc . has made its enterprise intelligence agent, Snowflake Intelligence, generally available to over 12,000 global customers. The AI-powered tool allows users to query their company’s data in natural language, with more than 1,000 customers already deploying over 15,000 AI agents. Additionally, Citizens raised its price target for Snowflake to $325, citing strong revenue prospects. Snowflake’s Chief Revenue Officer, Mike Gannon, indicated that the company aims to achieve over $4.5 billion in revenue by the end of the year, with ambitions to reach $10 billion in a few years.
Following unauthorized comments by an executive, Snowflake reaffirmed its revenue guidance for the third quarter and fiscal year 2026. The company clarified that the executive was not authorized to disclose financial information, urging investors to disregard those statements. Meanwhile, Wedbush also increased its price target for Snowflake to $270, highlighting the company’s AI growth potential. These developments reflect Snowflake’s ongoing efforts to strengthen its market position and expand its capabilities.
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