Snowflake’s president of products sells $1.04 million in stock

In a recent transaction, Benoit Dageville, President of Products at Snowflake Inc . (NYSE:SNOW), sold 6,250 shares of the company’s Class A common stock at an average price of $167 per share, amounting to a total of approximately $1.04 million. This transaction was executed on March 6, 2025, as part of a pre-established 10b5-1 trading plan. The sale comes as Snowflake’s stock has experienced mixed performance, declining 10% in the past week while gaining over 46% in the last six months. According to InvestingPro data, the company currently maintains a market capitalization of $52.66 billion.

In addition to the sale, Dageville also exercised options to acquire 6,250 shares at a price of $0.74 per share. Following these transactions, he owns 66,725 shares directly, with additional shares held indirectly through The Snow Trust. These moves are part of the executive’s ongoing management of his equity holdings in the company. InvestingPro analysis shows the stock is currently trading near Fair Value, with 18 analysts recently revising their earnings expectations upward. Get access to 10+ additional exclusive ProTips and comprehensive valuation metrics with an InvestingPro subscription.

In other recent news, Snowflake Inc. has announced its fourth-quarter earnings report, which met expectations and provided a positive outlook for fiscal year 2026. The company’s product revenue exceeded the midpoint of its guidance by 4%, showcasing strong performance driven by rapid product development and robust customer relationships. Deutsche Bank (ETR:DBKGn) responded by raising its price target for Snowflake shares to $220, maintaining a Buy rating, while Stifel also increased its price target to $210, citing an improved operating margin and stable core business. Additionally, Snowflake has appointed Mike Gannon as the new Chief Revenue Officer, effective March 14, 2025, following the retirement of Chris Degnan, who has been instrumental in the company achieving $3.4 billion in revenue last fiscal year. Snowflake is also expanding its presence in the AI sector with the opening of a new Silicon Valley AI Hub and a $200 million investment in AI-focused startups. The hub will provide collaborative spaces and support for startups innovating with AI on the Snowflake platform. Furthermore, the company is investing $20 million in an initiative to upskill individuals in AI and data analytics, aiming to train and certify over 100,000 users by 2027. These developments highlight Snowflake’s ongoing efforts to strengthen its market position and drive growth in the enterprise AI space.

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