Snowflake (SNOW) News Today

Snowflake Inc. (NYSE: SNOW) is trading with mixed signals today amid a flurry of insider transactions, analyst commentary and company milestones. While the stock has recently hit new highs and analysts are lifting price targets, heavy insider selling and dip-buy narratives are adding downward pressure.

• Q1 results topped expectations with $0.24 EPS vs. $0.22 consensus and $1.04 billion revenue vs. $1.01 billion, prompting several price target raises
• Analysts’ average price target has climbed to $217.33, with multiple “buy” and “overweight” upgrades following the earnings beat
• Unusually high options activity—almost 80,000 calls traded (up ~37%)—indicates bullish positioning by derivatives traders
• Jim Cramer cited SNOW as being “at the cusp of a breakout” on his show, adding to positive market sentiment
• MarketBeat included Snowflake in its Top 5 AI stock picks for June, highlighting its leadership in cloud data platforms
• The shares recently set a new 12-month high, reflecting strong demand and momentum in Snowflake’s cloud business
• Customer wins such as Chalo using Snowflake for real-time fleet insights underscore growing adoption
• Profiles and success stories—e.g., a recent data integration project led by Raghu Gopa—continue to raise Snowflake’s visibility
• Heavy insider selling: CFO Michael Scarpelli sold 400,000 shares, Director Mark Garrett 67,000, Director Jeremy Burton 20,789 and CAO Emily Ho 5,027 on May 23–27
• Articles noting the stock is down about 50% from its 2020 highs have fueled “buy-the-dip” debates, adding caution among investors