Snowflake president of products sells $1.37 million in stock

Benoit Dageville, the President of Products at Snowflake Inc . (NYSE:SNOW), reported the sale of company stock worth approximately $1.37 million, according to a recent filing. The transactions, which took place on March 20 and 21, 2025, involved the sale of 8,886 shares at prices ranging from $154.67 to $155.33 per share. The stock has since climbed to $163.17, reflecting a strong 45% gain over the past six months.

In addition to the stock sales, Dageville exercised stock options to acquire 6,250 shares at a price of $0.74 per share, totaling approximately $4,625. The transactions were conducted under a pre-established 10b5-1 trading plan.

Following these transactions, Dageville’s direct ownership in Snowflake stands at 65,054 shares.

In other recent news, Snowflake Inc. has reported a significant leadership change with the appointment of Mike Gannon as the new Chief Revenue Officer, effective March 14, 2025. Gannon succeeds Chris Degnan, who has been instrumental in Snowflake’s growth to $3.4 billion in revenue last fiscal year and will assist in the transition. Meanwhile, RBC Capital Markets maintained an Outperform rating on Snowflake with a $221 price target, highlighting the company’s strong leadership and strategic direction in the AI and cloud enterprise data platform market. DA Davidson also reaffirmed a Buy rating for Snowflake, setting a $225 price target and emphasizing its potential for sustained growth, particularly in alignment with trends in artificial intelligence and cloud computing.

In another development, DA Davidson has identified Monday.com as a resilient player in the software sector amidst market volatility. The firm suggests that Monday.com could demonstrate robust growth potential, making it an attractive investment opportunity at its current valuation. This comes as the software industry faces increased volatility, with investors keenly observing stocks capable of sustaining growth despite economic uncertainties. These recent developments reflect the ongoing strategic maneuvers and analyst perspectives shaping the tech industry’s investment landscape.

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