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Snowflake exec Michael Speiser sold $11M in stock Jan. 2 as company beat earnings estimates and stock rose.
On January 2, 2026, Snowflake director Michael Speiser sold 50,338 shares at $221.16 each, netting about $11.13 million and reducing his stake by 61.2%.
The company reported fourth-quarter earnings of $0.35 per share, beating estimates by $0.04, with revenue rising 28.7% year-over-year to $1.21 billion.
Snowflake’s stock closed at $224.67 on January 5, up $7.96, with above-average trading volume.
Despite a negative net margin and return on equity, analysts maintain a "Moderate Buy" consensus with a $275.32 price target.
The company operates a cloud-native data platform across major cloud providers, and institutional investors own 65.1% of its shares.
El ejecutivo de Snowflake, Michael Speiser, vendió 11 millones de dólares en acciones el 2 de enero mientras la compañía superaba las estimaciones de ganancias y las acciones subían.