Maria Elvira Salazar makes multiple stock trades in September, including Cisco Systems and Snowflake

Benoit Dageville, a director at Snowflake Inc., sold 50,000 shares of the company's common stock on October 7, 2026, for a total of $16,671,000. The shares were sold at $333.42 per share and were part of a pre-established 10b5-1 trading plan. The shares were sold from The Snow Trust UTA, a trust in which Dageville serves as a trustee.

Following the sale, the trust held 2,384,879 shares. This transaction took place at a time when Snowflake shares were trading at $343.40, up 129% over the past six months and nearing its 52-week high of $384.56, despite analysts suggesting the stock was overvalued. On the same day, Dageville also gifted 16,668 shares to himself from the same trust.

Despite the company's current unprofitability, 39 analysts have recently revised their earnings upwards, and many predict the company will be profitable this year. In addition to the shares sold, Dageville also holds 177,343 shares directly, along with several thousand more shares indirectly through various trusts held by him, his spouse, and others.

Despite these recent sales, Snowflake continues to garner attention from investors and analysts due to its strategic positioning and growth prospects in the enterprise AI space.