Michael L Speiser, a director at Snowflake Inc. (SNOW), executed a sale of common stock totaling $649,925 on July 6, 2026. The transaction involved shares held indirectly through trusts where Mr. Speiser serves as trustee, adhering to a pre-arranged 10b5-1 trading plan established in December 2024. Following the sale, Mr. Speiser retains indirect ownership of 26,876 shares. The transaction occurs as Snowflake's stock trades near its 52-week high of $285, reflecting a 19% year-to-date gain. Concurrently, the broader data warehousing and AI sector faces intensified competition, with rival Databricks reporting doubled sales and delaying its IPO. Analysts maintain bullish ratings on Snowflake, citing AI-driven workload expansion and platform adoption.
The shares were disposed of at prices ranging from $253.861 to $263.912. The transaction involved common stock held indirectly through various trusts, specifically AMS-21, ESS-21, and LES-21. Mr. Speiser disclaims beneficial ownership in these shares except for his pecuniary interest. These sales were executed under a pre-arranged 10b5-1 trading plan, which was adopted on December 27, 2024. Following these transactions, Mr. Speiser’s indirect holdings in Snowflake common stock amount to 26,876 shares.
The insider sale comes as Snowflake shares trade at $261.31, up 19% year-to-date and near their 52-week high of $285. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value. The company, valued at $90.4 billion, posted 31% revenue growth over the last twelve months. For deeper insights into Snowflake’s valuation and growth trajectory, investors can access the comprehensive Pro Research Report, one of 1,400+ available reports transforming complex Wall Street data into actionable intelligence.
In other recent news, Snowflake Inc. has been the focus of several developments. UBS reiterated its Buy rating for Snowflake, setting a price target of $370, highlighting the company’s potential in AI revenue models. Truist Securities also raised its price target for Snowflake to $300, maintaining a Buy rating, citing increased usage of Snowflake’s platform due to AI-driven workload creation and expansion. In a strategic move, Unlimitail selected Snowflake to power its retail media network using Snowflake Data Clean Rooms technology, allowing retailers to manage first-party data effectively. Meanwhile, Databricks, a competitor of Snowflake, reported its data warehousing sales have doubled, reaching a $1.5 billion annual run rate, driven by AI demand. Databricks also announced it will delay its IPO plans, citing unfavorable market conditions, as stated by CEO Ali Ghodsi. These developments underscore the competitive landscape in the AI and data warehousing sector.
Snowflake Follow Analyze SNOW Included in our AI-picked strategies ·Review strategies 261.31 ▼ -1.43 (-0.54%) Closed ·15:59:59 ·USD 260.80 ▼ -0.51 (-0.20%) After Hours ·19:23:57 1D 1W 1M 6M 1Y 5Y Max Created with Highcharts 11.4.8 14:00 15:00 16:00 17:00 18:00 19:00 250 255 260 Analyze SNOW This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Is SNOW undervalued—or a trap? Gut instinct isn't enough. Our Fair Value calculator uses 17 proven valuation models to reveal what SNOW is really worth. Get instant clarity on SNOW—plus thousands of other stocks—before the opportunity disappears. July Sale - 60% Off InvestingPro