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Snowflake Inc. NASDAQ:SNOW Founder and Chief Architect, Dageville Benoit, sold 25,000 shares of common stock on November 13, 2025, at a price of $264.45, totaling $6.6 million. On the same day, Dageville exercised options to acquire 25,000 shares at $13.48, for a total value of $337,000. The transaction comes as Snowflake shares have surged nearly 99% over the past year, with the stock currently trading at $257.02, slightly below the sale price. According to InvestingPro data, the company appears slightly overvalued relative to its Fair Value.
According to a Form 4 filing with the Securities and Exchange Commission, the transactions were executed under a pre-arranged 10b5-1 trading plan adopted on March 28, 2025. Following the sale, Dageville directly owns 50,519 shares of Snowflake. The company, currently valued at $87.25 billion, is scheduled to report earnings on December 3, 2025. InvestingPro shows analysts maintain a bullish consensus on the stock despite it trading at a high Price/Book multiple of 36.7.
The filing also indicates that Dageville engaged in a gift transaction, donating 7,500 shares. Additionally, Dageville indirectly owns 3,059,055 shares through The Snow Trust UTA, for which he serves as a trustee, 750,000 shares held by The Selene GRAT No. 1 dated 3/13/2025 for which the Reporting Person is the trustee, and 750,000 shares held by The Thira GRAT No. 1 dated 3/13/2025 for which the Reporting Person’s spouse is the trustee. While Snowflake operates with moderate debt levels, InvestingPro data indicates the company is not yet profitable over the last twelve months, though analysts predict profitability this fiscal year.
In other recent news, Snowflake has announced that its enterprise intelligence agent, Snowflake Intelligence, is now available to over 12,000 global customers. This AI-powered tool allows users to ask complex questions in natural language, providing insights from their company’s data, with over 1,000 customers already deploying more than 15,000 AI agents. Additionally, Snowflake has reaffirmed its revenue guidance for the third quarter and fiscal year 2026 following unauthorized comments made by an executive in an interview. The company clarified that the executive was not authorized to disclose financial information, advising investors to disregard the statements made during the interview.
In analyst updates, Citizens raised its price target for Snowflake to $325 from $283, maintaining a Market Outperform rating based on a strong revenue outlook. This adjustment follows comments from Snowflake’s Chief Revenue Officer, who projected revenue to exceed $4.5 billion by the end of the year and potentially reach $10 billion in a few years. Wedbush also increased its price target for Snowflake to $270, citing the company’s potential for growth through its enhanced go-to-market strategy. These developments reflect ongoing confidence in Snowflake’s capabilities and future prospects.
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