Dernières nouvelles pour Snowflake (NYSE:SNOW) Stock

SNOWFLAKE INC-CLASS A

Snowflake

Founded in 2012, Snowflake is a fully managed platform that consolidates data hosted on different public clouds for centralized analytics and governance. Snowflake's cloud-native architecture allows users to independently scale the compute and storage layers, providing customers with optimized performance at lower costs. The company's data lake and data warehouse products support a variety of use cases, including business analytics, data engineering, and artificial intelligence. Snowflake is widely used by Fortune 2000 companies in financial services, media, and retail sectors.

Intrawest Resorts

Snowflake's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) short percent of float has risen 8.44% since its last report. The company recently reported that it has 10.84 million shares sold short, which is 3.34% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.39 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Snowflake Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752091261_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Snowflake has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Snowflake's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Snowflake's peer group average for short interest as a percentage of float is 7.57%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

SNOW

How Is The Market Feeling About Snowflake?

Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), an AI data cloud company, is experiencing significant upward momentum, with its stock trading near its 52-week high of $226.60 and well above its 50-day moving average of $197.41. 
This surge is fueled by a combination of strong financial performance, strategic product innovations, and aggressive inorganic growth strategies, including key partnerships and acquisitions.
<h2 class="wp-block-heading">Stock Momentum And Financial Highlights</h2>
Snowflake&#8217;s stock has performed well year-to-date, rising 45%, and gaining 48% in the last three months, significantly outperforming the NYSE Composite Index&#8217;s gains of 8% and 12% over the same periods.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/45776141/snowflake-just-hired-500-sellers-is-this-the-start-of-a-full-scale-ai-land-grab" rel="noreferrer noopener">Snowflake Just Hired 500 Sellers—Is This The Start Of A Full-Scale AI Land Grab?</a>
This trajectory is supported by the company&#8217;s recent financial disclosures. On May 21, Snowflake reported a <a href="https://www.benzinga.com/news/earnings/25/05/45553121/snowflake-q1-earnings-revenue-eps-beat-estimates-ai-data-cloud-company-sees-25-growth-ahead-shares-climb">first-quarter revenue</a> of $1.04 billion, marking a 26% year-over-year increase and exceeding analyst estimates of $1.01 billion. 
Snowflake earns most of its revenue through a consumption-based model, charging customers based on the compute and storage resources they use on its platform. The company also generates revenue from professional services, including consulting and training.
Its product revenue, primarily generated through a consumption-based model that charges customers based on their usage of compute and storage resources, also grew by 26% year-over-year, reaching $996.8 million. 
Looking ahead, Snowflake has provided an optimistic outlook, projecting second-quarter product revenue between $1.035 billion and $1.04 billion, representing a 25% year-over-year growth. The company anticipates full-year product revenue to reach $4.33 billion, also indicating a 25% year-over-year increase.
<h2 class="wp-block-heading">Strategic Growth And AI Focus</h2>
The company&#8217;s strategic focus on product innovation and expansion has been a critical factor in its recent success. On February 27, Snowflake announced an <a href="https://www.benzinga.com/25/02/43999325/snowflake-doubles-down-on-ai-expands-openai-partnership-microsoft-365-teams-to-have-new-cortex-agents">expanded partnership</a> with Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) , integrating Cortex Agents directly into Microsoft 365 Copilot and Teams. 
This collaboration leverages OpenAI&#8217;s models within Cortex, enabling AI agents to process both structured and unstructured data, which significantly enhances user access and productivity. 
CEO Sridhar Ramaswamy has emphasized Snowflake&#8217;s AI-centric vision, noting that Cortex also supports models from prominent AI companies such as Anthropic, Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and DeepSeek, thereby solidifying Snowflake&#8217;s position as a central hub for enterprise AI solutions. 
In another strategic move on June 18, Intapp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTA#NASDAQ">INTA</a>) <a href="https://www.benzinga.com/markets/tech/25/06/45997907/snowflake-teams-up-with-intapp-to-bring-smarter-deal-insights-to-wall-street-and-legal-firms">announced a partnership</a> with Snowflake to enhance deal insights through AI-powered analytics specifically for the capital markets and legal sectors. 
Furthermore, on June 3, Snowflake <a href="https://www.benzinga.com/markets/equities/25/06/45739846/snowflake-sets-sights-on-350-billion-database-market-with-crunchy-data-acquisition">revealed its plans</a> to acquire Crunchy Data, a move aimed at integrating advanced PostgreSQL support into its AI Data Cloud. 
This acquisition is designed to meet the increasing demand for secure and reliable AI databases, allowing Snowflake to tap into the $350 billion global database market.
<h2 class="wp-block-heading">Analyst Confidence And Competitive Edge</h2>
Despite operating in a highly competitive landscape against formidable players like Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Redshift, Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (GOOG) Google BigQuery, Microsoft Azure Synapse Analytics, and Databricks in the cloud data warehousing and data lakehouse market, Snowflake continues to demonstrate a strong competitive edge.
Analyst sentiment largely remains bullish on Snowflake&#8217;s future. A <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">consensus price forecast</a> from 37 analysts projects the stock to reach $227.56. While UBS issued the highest forecast at $265 on June 4, 2025, Morgan Stanley set the lowest at $185 on April 16, 2025. More recent ratings from Morgan Stanley, CICC, and Wells Fargo average $245.67, suggesting a potential upside of 9.6% for the stock. 
Piper Sandler analyst Brent Bracelin, on May 22, raised Snowflake&#8217;s price forecast from $175 to $215, calling it a <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45559147/snowflake-jumps-8-pre-market-after-piper-sander-hikes-price-target-to-215-calls-it-high-conviction-growth-play">top growth pick</a> for 2025. Bracelin&#8217;s bullish view hinges on Snowflake hitting the &#8220;Rule of 50&#8221;: 25% product revenue growth and 25% free cash flow margins at $4 billion Annual Recurring Revenue. 
Bank of America&#8217;s Brad Sills, on June 3, identified Snowflake as a <a href="https://www.benzinga.com/markets/large-cap/25/06/45755544/rising-ai-analytics-budgets-could-lift-microsoft-snowflake-datadog">key beneficiary of AI and cloud trends</a>, noting that data analytics continues to be a top spending priority according to his survey. 
CNBC&#8217;s Jim Cramer, on June 4, praised CEO Sridhar Ramaswamy, <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45767953/jim-cramer-arrowhead-pharmaceuticals-doesnt-have-the-horses">describing him as thoughtful</a>, sharp at closing deals, and full of momentum.
Adding to the positive outlook, JP Morgan analyst Mark Murphy <a href="https://www.benzinga.com/markets/tech/25/06/45975700/snowflake-ai-push-gains-traction-jpmorgan-analyst-sees-potential">highlighted system integrators</a>, noting that Snowflake produces results for its customers as the company expands its AI and data platform strategy. They said, &#8220;Once Snowflake starts to really get used…it grows like wildfire.&#8221; 
Price Action: SNOW stock is trading higher by 0.46% to $224.53 at last check Wednesday.
Image via Shutterstock

News

Tech

AMZN

GOOGL

INTA

MSFT

Snowflake Stock Jumps 45% In 2025 As AI Data Cloud Drives Record Revenue

Deep-pocketed investors have adopted a bearish approach towards Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SNOW usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 58 extraordinary options activities for Snowflake. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 36% leaning bullish and 46% bearish. Among these notable options, 25 are puts, totaling $1,083,969, and 33 are calls, amounting to $1,908,763.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $130.0 and $300.0 for Snowflake, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Snowflake options trades today is 1026.41 with a total volume of 8,689.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Snowflake's big money trades within a strike price range of $130.0 to $300.0 over the last 30 days.
<h3>Snowflake Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751047257_0_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/20/26</td>
<td>$65.55</td>
<td>$65.55</td>
<td>$65.55</td>
<td>$170.00</td>
<td>$195.9K</td>
<td>32</td>
<td align="right">30</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$8.75</td>
<td>$8.7</td>
<td>$8.7</td>
<td>$250.00</td>
<td>$143.5K</td>
<td>5.2K</td>
<td align="right">289</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/21/25</td>
<td>$6.25</td>
<td>$5.65</td>
<td>$5.75</td>
<td>$290.00</td>
<td>$132.2K</td>
<td>684</td>
<td align="right">231</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$2.85</td>
<td>$2.69</td>
<td>$2.8</td>
<td>$225.00</td>
<td>$111.7K</td>
<td>2.7K</td>
<td align="right">710</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$12.45</td>
<td>$12.4</td>
<td>$12.45</td>
<td>$190.00</td>
<td>$88.3K</td>
<td>1.1K</td>
<td align="right">72</td>
</tr>
</tbody>
</table>

<h3>About Snowflake</h3>
Founded in 2012, Snowflake is a fully managed platform that consolidates data hosted on different public clouds for centralized analytics and governance. Snowflake's cloud-native architecture allows users to independently scale the compute and storage layers, providing customers with optimized performance at lower costs. The company's data lake and data warehouse products support a variety of use cases, including business analytics, data engineering, and artificial intelligence. Snowflake is widely used by Fortune 2000 companies in financial services, media, and retail sectors.
Following our analysis of the options activities associated with Snowflake, we pivot to a closer look at the company's own performance.
<h3>Snowflake's Current Market Status</h3>
<ul>
<li>Trading volume stands at 2,205,891, with SNOW's price up by 0.14%, positioned at $222.22.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 54 days.</li>
</ul>
<h3>Professional Analyst Ratings for Snowflake</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $241.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Macquarie continues to hold a Neutral rating for Snowflake, targeting a price of $210. 
&#x2A; Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $245. 
&#x2A; An analyst from Evercore ISI Group persists with their Outperform rating on Snowflake, maintaining a target price of $240. 
&#x2A; Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Snowflake, targeting a price of $250. 
&#x2A; Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Overweight with a new price target of $262.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Snowflake, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Snowflake Unusual Options Activity

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$155.00</td>
<td>$98.4K</td>
<td>62.1K</td>
<td>41.8K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/03/25</td>
<td>$148.00</td>
<td>$26.4K</td>
<td>978</td>
<td>9.4K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$205.00</td>
<td>$29.9K</td>
<td>37.9K</td>
<td>8.0K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$245.00</td>
<td>$78.6K</td>
<td>8</td>
<td>4.9K</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$160.00</td>
<td>$331.2K</td>
<td>3.4K</td>
<td>2.6K</td>
</tr>
<tr>
<td>WULF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$6.00</td>
<td>$52.5K</td>
<td>7.6K</td>
<td>2.3K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$380.00</td>
<td>$36.5K</td>
<td>2.9K</td>
<td>2.1K</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$400.00</td>
<td>$38.0K</td>
<td>4.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>QUBT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$18.50</td>
<td>$27.0K</td>
<td>120</td>
<td>726</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$200.00</td>
<td>$83.6K</td>
<td>779</td>
<td>588</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 6 day(s) on July 3, 2025. Parties traded 248 contract(s) at a $155.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $98.4K, with a price of $397.0 per contract. There were 62117 open contracts at this strike prior to today, and today 41889 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with neutral sentiment. It expires in 6 day(s) on July 3, 2025. Parties traded 200 contract(s) at a $148.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $132.0 per contract. There were 978 open contracts at this strike prior to today, and today 9434 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on July 18, 2025. Parties traded 86 contract(s) at a $205.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $29.9K, with a price of $348.0 per contract. There were 37959 open contracts at this strike prior to today, and today 8001 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a call option trade that happens to be bearish, expiring in 21 day(s) on July 18, 2025. This event was a transfer of 4913 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $78.6K, with a price of $16.0 per contract. There were 8 open contracts at this strike prior to today, and today 4913 contract(s) were bought and sold. 
• Regarding FSLR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), we observe a call option sweep with bearish sentiment. It expires in 21 day(s) on July 18, 2025. Parties traded 433 contract(s) at a $160.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $331.2K, with a price of $759.0 per contract. There were 3422 open contracts at this strike prior to today, and today 2661 contract(s) were bought and sold. 
• Regarding WULF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>), we observe a call option trade with bullish sentiment. It expires in 49 day(s) on August 15, 2025. Parties traded 2100 contract(s) at a $6.00 strike. The total cost received by the writing party (or parties) was $52.5K, with a price of $25.0 per contract. There were 7686 open contracts at this strike prior to today, and today 2379 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option sweep with neutral sentiment. It expires in 49 day(s) on August 15, 2025. Parties traded 17 contract(s) at a $380.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $2152.0 per contract. There were 2903 open contracts at this strike prior to today, and today 2195 contract(s) were bought and sold. 
• For APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we notice a call option trade that happens to be neutral, expiring in 21 day(s) on July 18, 2025. This event was a transfer of 100 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $380.0 per contract. There were 4230 open contracts at this strike prior to today, and today 1056 contract(s) were bought and sold. 
• For QUBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), we notice a call option trade that happens to be bearish, expiring in 14 day(s) on July 11, 2025. This event was a transfer of 300 contract(s) at a $18.50 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $90.0 per contract. There were 120 open contracts at this strike prior to today, and today 726 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a put option sweep with bullish sentiment. It expires in 203 day(s) on January 16, 2026. Parties traded 53 contract(s) at a $200.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $83.6K, with a price of $1580.0 per contract. There were 779 open contracts at this strike prior to today, and today 588 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Information Technology Stocks With Whale Alerts In Today's Session

Domo unveils suite of product offerings available on Snowflake Marketplace to Empower Customers with Scalable AI-Powered Data Solutions
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.domo.com%2F%3Futm_source%3Dwire%26utm_medium%3Dpr%26utm_campaign%3DPR_Domo_Snowflake_Accelerate_AI_Analytics_Data_Integration%26campid%3D701Vq00000FVVF1IAP&amp;esheet=54283025&amp;newsitemid=20250626206229&amp;lan=en-US&amp;anchor=Domo&amp;index=1&amp;md5=6335e2b60cc114c932610e78eda29752">Domo</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>), a leading AI and Data Products platform, today announced an expanded collaboration with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.snowflake.com%2Fen%2F&amp;esheet=54283025&amp;newsitemid=20250626206229&amp;lan=en-US&amp;anchor=Snowflake&amp;index=2&amp;md5=a21e3f13dc54a18c7b9eb9bc93ef4a19">Snowflake</a>, the AI Data Cloud company, to deliver a comprehensive suite of applications on <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.snowflake.com%2Fen%2Fproduct%2Ffeatures%2Fmarketplace%2F&amp;esheet=54283025&amp;newsitemid=20250626206229&amp;lan=en-US&amp;anchor=Snowflake+Marketplace&amp;index=3&amp;md5=67257f97a7223f00ae791c825a9deb67">Snowflake Marketplace</a>. This strengthened relationship enables joint customers to seamlessly integrate, transform, and analyze their data in a secure, scalable environment powered by advanced AI capabilities.
As part of this expansion, Domo's managed offering, Powered by Snowflake, enables Domo to offer a fully managed, analytics and BI solution. Domo will maintain and operate the Snowflake environment, simplifying deployment, management, and billing for customers—who benefit from seamless access to Domo's Magic ETL, connectors, dashboards, and low-code apps without managing the infrastructure themselves.

DOMO

Domo Expands Collaboration With Snowflake To Deliver Comprehensive Suite Of Applications On Snowflake Marketplace

WIIM

Snowflake shares are trading higher after Morgan Stanley assumed coverage with an Overweight rating and announced a price target of $262

Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) stock is trading higher Tuesday. The movement appears to be driven by <a href="https://www.benzinga.com/analyst-stock-ratings">positive analyst coverage</a>.
What Happened: Morgan Stanley analyst Sanjit Singh assumed Snowflake with an Overweight rating on Tuesday and set a price target of $262, citing improvement in secular growth trends.
The analyst sees 20% upside from current levels. Snowflake shares are already up about 45% year-to-date.
Here&#8217;s a look at other analyst changes in recent weeks:
<ul class="wp-block-list">
<li>CICC initiated coverage on Snowflake with an Outperform rating and announced a price target of $225.</li>
<li>Wells Fargo analyst Michael Turrin maintained an Overweight rating on Snowflake and raised the price target from $225 to $250.</li>
<li>Oppenheimer analyst Ittai Kidron maintained an Outperform rating on Snowflake and raised the price target from $225 to $250.</li>
<li>Needham analyst Mike Cikos reiterated a Buy rating on Snowflake and maintained a price target of $230.</li>
</ul>
<h3 class="wp-block-heading">How To Buy SNOW Stock</h3>
By now you're likely curious about how to participate in the market for Snowflake &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
Related Link: <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46080056/bigbear-ai-bbai-stock-soars-21-whats-going-on">BigBear.ai (BBAI) Stock Soars 21%: What&#8217;s Going On?</a>
SNOW Price Action: At the time of publication, Snowflake stock was up 5.01% at $224.44, according to data from <a href="https://www.google.com/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.benzinga.com/pro/&amp;ved=2ahUKEwiK2vKazYqOAxVCk4kEHZD1I70QFnoECB0QAQ&amp;usg=AOvVaw0xIsPvjIcIIsWev01-6zR2">Benzinga Pro</a>.
Image via Shutterstock

Price Target

Initiation

Movers

Snowflake Stock Is Rising Tuesday: What's Going On?

Records from June 23, 2025 indicate that Representative Marjorie Taylor Greene of Georgia made a purchase of Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), valued between $2,002 and $30,000, with the transaction dated June 17, 2025 and filed in June.
As of now, Snowflake shares are trading up 3.08% at $220.3.
To keep an eye on Marjorie Taylor Greene's trades and other government stock activity, check out our <a href="https://www.benzinga.com/gov-trades/members/marjorie-taylor-greene">real-time tracking tool</a>!
<h3>Why Congressional Transactions Matter</h3>
A congressional transaction is when any representative or senator either buys or sells an individual stock.
Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure.
<h3>Why Congressional Transactions Matter</h3>
Congressional transactions shouldn't be the primary reason for an investing decision, but they can be an important factor for an investor to consider.
When a senator or representative makes a new purchase, it could be an indication they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean the seller thinks the stock will go down.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Government

Politics

General

Recent Filing Shows That Rep. Marjorie Taylor Greene Bought Over $2K Worth of Snowflake Stock

Morgan Stanley analyst Sanjit Singh assumes Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Overweight rating and announces Price Target of $262.

Analyst Ratings

Morgan Stanley Assumes Snowflake at Overweight, Announces Price Target of $262

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Wells Fargo analyst Chris Carey upgraded the rating for Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) from Equal-Weight to Overweight and raised the price target from $68 to $78. Mondelez International shares closed at $68.31 on Friday. <a href="https://www.benzinga.com/quote/mdlz/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital analyst Juan Sanabria upgraded CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) from Market Perform to Outperform and raised the price target from $48 to $49. CubeSmart shares closed at $42.37 on Friday. <a href="https://www.benzinga.com/quote/srad/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel analyst Simon Yarmak upgraded EPR Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPR#NYSE">EPR</a>) from Hold to Buy and boosted the price target from $52 to $65. EPR Props shares closed at $58.30 on Friday. <a href="https://www.benzinga.com/quote/eg/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying MDLZ stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/MDLZ/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="602" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20105631/image-315-1024x602.png" alt="" class="wp-image-956300" style="width:643px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20105631/image-315-1024x602.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20105631/image-315-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20105631/image-315-768x451.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20105631/image-315.png 1133w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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</ul>
Photo via Shutterstock

Upgrades

CUBE

KNSL

MDLZ

SRAD

This Mondelez International Analyst Turns Bullish; Here Are Top 3 Upgrades For Friday

Deep-pocketed investors have adopted a bullish approach towards Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SNOW usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 28 extraordinary options activities for Snowflake. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 46% leaning bullish and 32% bearish. Among these notable options, 3 are puts, totaling $104,751, and 25 are calls, amounting to $1,436,847.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $145.0 to $240.0 for Snowflake over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Snowflake's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Snowflake's substantial trades, within a strike price spectrum from $145.0 to $240.0 over the preceding 30 days.
<h3>Snowflake Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750442430_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$14.85</td>
<td>$14.45</td>
<td>$14.85</td>
<td>$210.00</td>
<td>$148.5K</td>
<td>2.8K</td>
<td>119</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$4.8</td>
<td>$4.25</td>
<td>$4.25</td>
<td>$210.00</td>
<td>$138.9K</td>
<td>3.6K</td>
<td>566</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$9.0</td>
<td>$8.85</td>
<td>$9.0</td>
<td>$220.00</td>
<td>$108.9K</td>
<td>2.2K</td>
<td>283</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$32.95</td>
<td>$32.5</td>
<td>$32.5</td>
<td>$210.00</td>
<td>$97.5K</td>
<td>1.2K</td>
<td>38</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/27/25</td>
<td>$1.83</td>
<td>$1.76</td>
<td>$1.78</td>
<td>$217.50</td>
<td>$75.8K</td>
<td>2.6K</td>
<td>4.2K</td>
</tr>
</tbody>
</table>

<h3>About Snowflake</h3>
Founded in 2012, Snowflake is a fully managed platform that consolidates data hosted on different public clouds for centralized analytics and governance. Snowflake's cloud-native architecture allows users to independently scale the compute and storage layers, providing customers with optimized performance at lower costs. The company's data lake and data warehouse products support a variety of use cases, including business analytics, data engineering, and artificial intelligence. Snowflake is widely used by Fortune 2000 companies in financial services, media, and retail sectors.
After a thorough review of the options trading surrounding Snowflake, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Snowflake's Current Market Status</h3>
<ul>
<li>With a trading volume of 2,719,613, the price of SNOW is down by -0.35%, reaching $211.34.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 61 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Snowflake</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $232.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Snowflake with a target price of $250. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Snowflake, which currently sits at a price target of $225. 
&#x2A; An analyst from Piper Sandler persists with their Overweight rating on Snowflake, maintaining a target price of $215. 
&#x2A; Maintaining their stance, an analyst from Cantor Fitzgerald continues to hold a Overweight rating for Snowflake, targeting a price of $242. 
&#x2A; An analyst from Needham has decided to maintain their Buy rating on Snowflake, which currently sits at a price target of $230. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Snowflake, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Decoding Snowflake's Options Activity: What's the Big Picture?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Seaport Global analyst Jeff Cantwell initiated coverage on Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) with a Buy rating and announced a price target of $235. Circle Internet Group shares closed at $199.59 on Wednesday. <a href="https://www.benzinga.com/quote/crcl/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Macquarie analyst Chad Beynon initiated coverage on Sportradar Group AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRAD#NASDAQ">SRAD</a>) with an Outperform rating and announced a price target of $32. Sportradar shares closed at $25.20 on Wednesday. <a href="https://www.benzinga.com/quote/srad/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Janney Montgomery Scott analyst Robert Farnam initiated coverage on Everest Group, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>) with a Buy rating. Everest Group shares closed at $332.90 on Wednesday. <a href="https://www.benzinga.com/quote/eg/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>CICC initiated coverage on Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with an Outperform rating and announced a price target of $225. Snowflake shares closed at $212.08 on Wednesday. <a href="https://www.benzinga.com/quote/snow/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Joseph Tumillo initiated coverage on Kinsale Capital Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNSL#NYSE">KNSL</a>) with a Buy rating and announced a price target of $543. Kinsale Cap shares closed at $460.87 on Wednesday. <a href="https://www.benzinga.com/quote/knsl/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying SNOW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20105155/image-314-1024x569.png" alt="" class="wp-image-956290" style="width:592px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20105155/image-314-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20105155/image-314-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20105155/image-314-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20105155/image-314.png 1153w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>
Photo via Shutterstock

CRCL

This Snowflake Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday

CICC initiates coverage on Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Outperform rating and announces Price Target of $225.

CICC Initiates Coverage On Snowflake with Outperform Rating, Announces Price Target of $225

Pradnya Desh, the founder and CEO of <a href="https://www.benzinga.com/news/25/05/45229632/supio-raises-60m-series-b-with-backing-from-thomson-reuters-ventures-sapphire-ventures-and-mayfield-to-accelerate-ai-adoption-in-legal-industry">legal</a> tech startup Advocat, is entering politics with a bid for Bellevue City Council in Washington state, hoping to bring her tech-rooted problem-solving mindset to local government. Desh, a former U.S. diplomat and attorney, <a href="https://www.electdesh.com/">says</a> she believes that the public sector can benefit from the iterative, builder-style approach that drives startups forward.
According to <a href="https://www.geekwire.com/2025/if-somethings-broken-you-solve-it-why-this-startup-founder-is-running-for-bellevue-city-council/">GeekWire</a>, her platform focuses on improving housing, transportation, social equity, and public safety, with a heavy emphasis on building Bellevue into a leading hub for startups and innovation.
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<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a></li>
<li>Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">invest with $1,000 at just $0.30/share.</a></li>
</ul>
<h2 class="wp-block-heading">Bellevue's Startup Ecosystem Gets A Tech Insider Candidate</h2>
Desh launched Advocat to provide AI-powered legal tools to <a href="https://www.benzinga.com/news/25/04/44868492/art-of-the-steal-ross-gerber-says-small-businesses-get-to-go-bankrupt-while-trump-makes-exceptions-for-mag-7-chinese-imports">small businesses</a> priced out of traditional services. Now she's applying the same logic to civic challenges, advocating for smarter processes and more efficient systems, GeekWire reports.
"I want to bring a founder's mindset to government, the kind of thinking that we've used to solve problems," Desh told GeekWire. "Because in tech, if something's broken you don't just wait, you have to solve it. We study a problem, we build, we talk to users, we iterate, and we constantly make it better. And that is missing from government."
She is running against incumbent Councilmember Jared Nieuwenhuis for one of five open seats on the seven-member council, GeekWire says. According to her website, Desh has already secured endorsements from the King County Democrats, 41st Democrats, and several other local leaders.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.
As a trustee of Bellevue College and a mother of three, Desh told GeekWire that her commitment to the region is both professional and personal. &#8220;I want to see what I can do to help Bellevue now,&#8221; she said.
<h2 class="wp-block-heading">Big Tech Has Moved In But Infrastructure Still Trails Behind</h2>
Bellevue has become a magnet for major tech companies including Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Zoom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>), Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>), Shein, TikTok parent ByteDance, and Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), all of which have opened offices in the city. Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) also had a significant presence in the area in previous years, GeekWire reports.
Desh believes the city needs to act faster to keep up with the pace of innovation. "We have a lot of the dots, but they're not all connected," she told GeekWire, referring to the region's fragmented approach to infrastructure and economic development.
Desh envisions a more coordinated tech ecosystem that includes better transportation, more affordable housing, and deeper partnerships between local government, founders, and investors, according to her website.
See Also: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
<h2 class="wp-block-heading">Desh Wants To Help Washington Rival The Bay Area For Startups</h2>
One of Desh's concerns is the recent push for new business taxes in Washington state, which she told GeekWire could drive innovation elsewhere. "We need to solve it in a different way," Desh said, expressing her frustration with policies that she believes contradict efforts to make Washington more attractive to startups.
She told GeekWire she sees her City Council campaign as a launchpad for broader impact, potentially leading to future roles at higher levels of government. For now, she's focused on Bellevue, a city she believes is uniquely positioned to set the tone for tech-centered growth across the Pacific Northwest.
Read Next: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
Image: Shutterstock

SHOP

Startup Founder Behind Advocat AI Says 'We Have A Lot Of The Dots, But They're Not All Connected' As She Runs For Bellevue City Council

Snowflake's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) short percent of float has risen 5.84% since its last report. The company recently reported that it has 10.00 million shares sold short, which is 3.08% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.17 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Snowflake Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750348832_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Snowflake has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Snowflake's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Snowflake's peer group average for short interest as a percentage of float is 8.26%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Intapp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTA#NASDAQ">INTA</a>) on Wednesday announced <a href="https://www.benzinga.com/pressreleases/25/06/g45994380/intapp-announces-collaboration-with-snowflake-for-enhanced-analytics-and-industry-insights" target="_blank" rel="noreferrer noopener">a new partnership</a> with Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) to help Intapp client firms quickly build and apply analytics across a broad set of firmwide data in the Snowflake AI Data Cloud, then leverage that information within&nbsp;Intapp DealCloud&nbsp;to further enrich their deal management capabilities.&nbsp;&nbsp;
This collaboration combines Snowflake&#8217;s ability to integrate data across key systems with DealCloud&#8217;s robust deal management capabilities, which are underpinned by AI-powered workflows and data models.
By leveraging the Snowflake AI Data Cloud, Intapp is helping advisory, capital markets, and legal firms more easily apply analytics to their most relevant deal data.
Read Next: <a href="https://www.benzinga.com/markets/tech/25/06/45944386/snowflake-acxiom-partner-to-power-secure-ai-marketing-for-brands" target="_blank" rel="noreferrer noopener">Snowflake, Acxiom Partner To Power Secure AI Marketing For Brands</a>
Snowflake stock surged over 64% in the last 12 months.
J.P. Morgan analyst Mark R. Murphy <a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/45776141/snowflake-just-hired-500-sellers-is-this-the-start-of-a-full-scale-ai-land-grab">came away optimistic</a> after attending Snowflake&#8217;s Investor Day presentation in San Francisco, citing a strong AI product roadmap and growing market momentum. 
Snowflake hired over 500 sales and marketing personnel in the first quarter. This aggressive hiring contrasted with the more muted activity at many other software companies, and Murphy noted it likely reflects the significant opportunity Snowflake is currently seizing in the market. 
He added that, for Snowflake, Iceberg is experiencing a dynamic where its tailwinds and opportunities &#8220;far exceed and outpace the potential headwinds.&#8221; Murphy expressed encouragement regarding Snowflake&#8217;s slate of new products and the recent acceleration in innovation.
Recently, CNBC&#8217;s Jim Cramer had <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45767953/jim-cramer-arrowhead-pharmaceuticals-doesnt-have-the-horses">high praise for Snowflake</a> CEO Sridhar Ramaswamy, describing him as &#8220;cerebral&#8221; and possessing &#8220;a real good closing sense.&#8221; Cramer enthusiastically added, &#8220;man, does he ever have momentum.&#8221;
Price Action: SNOW stock is trading higher by 0.29% to $210.05 at last check Wednesday.
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Photo by JHVEPhoto via Shutterstock

Snowflake Teams Up With Intapp To Bring Smarter Deal Insights To Wall Street And Legal Firms

<a href="https://www.globenewswire.com/Tracker?data=Ocixc6lSAxZTpzZKfdMiy7cZyw1AtCjjtFt0bAZ5qHgaAVuj9gHBAYyVDoVkAm3PI0wmnTqub3XgcgYc-pePyQ==">Intapp</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTA#NASDAQ">INTA</a>), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms,today announced a new strategic collaboration with Snowflake, the AI Data Cloud company. Intapp client firms will now be able to quickly build and apply analytics across a broad set of firmwide data in the Snowflake AI Data Cloud, then leverage that information within <a href="https://www.globenewswire.com/Tracker?data=Ocixc6lSAxZTpzZKfdMiyxvbv2SaMRLSwi77eFijcMF0Ff_lzSTre0S_Nf3pkE1a98e-qyVgpwFNWYdLcsLPVPIMRBmsG74TeYc42_LqKDQ=">Intapp DealCloud</a> to further enrich their deal management capabilities.&nbsp;&nbsp;
This collaboration brings together Snowflake's ability to combine data across key systems and DealCloud's robust deal management capabilities which are underpinned by AI-powered workflows and data models. By leveraging the Snowflake AI Data Cloud, Intapp is helping advisory, capital markets, and legal firms to more easily apply analytics to their most relevant deal data.
"Our clients are increasingly seeing the value in eliminating data silos across their firms and are turning to Snowflake to help them in this quest," said Erin Guinan, General Manager of DealCloud at Intapp. "Forging this connection with Snowflake lets firms more easily build and apply analytics with firmwide data that inform deal-related decision-making and embed that information back into key workflows within DealCloud."
"Intapp's commitment to helping Snowflake empower every enterprise to achieve its full potential through data and AI can be seen through the launch of our new integration with DealCloud," said Rinesh Patel, Global Head of Financial Services at Snowflake. "We look forward to driving deeper value for joint customers by working with Intapp to allow firms to access richer insights across broad data sets underpinned by the proprietary insights they capture and manage in DealCloud."

Contracts

Intapp Enters Collaboration With Snowflake To Help Quickly Build And Apply Analytics Across A Broad Set Of Firmwide Data

Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) has entered into a strategic partnership with Interpublic Group of Companies, Inc's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>) Acxiom business to <a href="https://www.benzinga.com/markets/tech/25/06/45944386/snowflake-acxiom-partner-to-power-secure-ai-marketing-for-brands">build and deliver an AI-powered marketing data infrastructure</a>.
Unique interactions through one-on-one conversations during Snowflake's annual conference provide an "on-the-ground view of trends that we expect to drive fundamentals for the software market over the next 12-18 months," according to JPMorgan.
The Snowflake Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d5296ab85e930001416e5a/mark-murphy">Analyst Mark Murphy</a> reiterated an Overweight rating and price target of $225.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
The analyst provided these quotable quotes from Snowflake Summit 2025:
<ul class="wp-block-list">
<li>One of the system integrator (SI) contacts said about CEO Sridhar Ramaswamy, "I call Sridhar's policy GAGA – General Availability, General Availability. They're rolling out new products always, I love it."</li>
<li>Another SI contact said that some of their customers were generating returns on their AI investments in two to six months. He added that while the technology "itself is amazing," its rapid adoption is being curbed by "things like data readiness, governance, and change management."</li>
<li>"I'm positive on the federal opportunity and see a lot of potential in 2025," one of the contacts stated.</li>
<li>Another SI contact said, "Once Snowflake starts to really get used… it grows like wildfire."</li>
</ul>
SNOW Price Action: Shares of Snowflake had risen by 0.35% to $209.73 at the time of publication on Tuesday.
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Image: Shutterstock

Analyst Color

Reiteration

Snowflake AI Push Gains Traction, JPMorgan Analyst Sees 'Potential'

Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) and&nbsp;Interpublic Group of Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>) owned Acxiom on Monday <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/b45943026/snowflake-and-acxiom-announce-plans-to-transform-ai-powered-marketing-for-brands-and-agencies" rel="noreferrer noopener">announced a partnership</a> to build and deliver a modern, AI-powered marketing data infrastructure that will fundamentally transform how brands leverage AI for marketing.
This collaboration will enable IPG to bring its proprietary data, identity, and collaboration tools directly into brands&#8217; Snowflake environments.
With operations in over 100 countries, IPG will make these capabilities available to brands globally.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/06/45943758/amazon-commits-13-billion-to-expand-australias-ai-data-center-infrastructure" rel="noreferrer noopener">Amazon Commits $13 Billion To Expand Australia&#8217;s AI Data Center Infrastructure</a>
This will help modernize outdated data practices by delivering a secure and transparent AI-powered marketing foundation built natively in the cloud.
As part of this transformation, Acxiom will also modernize its products, solutions, and client environments with Snowflake, enabling brands to maximize the power of their first-party data in the cloud.
This collaboration unlocks a new era of marketing capabilities for brands, the company said in a press release. Bringing IPG&#8217;s advanced technologies, including Acxiom&#8217;s comprehensive suite of data and identity solutions and IPG&#8217;s collaborative Interact platform, directly into their Snowflake environments, brands gain unprecedented visibility and control over their data flow across applications, agencies, and platforms.
With Snowflake&#8217;s built-in privacy and security features, this direct integration eliminates the need to move first-party data.
It empowers brands with real-time insights, precise audience segmentation, and improved personalization while modernizing their data and technology stacks with composable architectures and AI.
Piper Sandler analyst&nbsp;Brent Bracelin called Snowflake one of their <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45559147/snowflake-jumps-8-pre-market-after-piper-sander-hikes-price-target-to-215-calls-it-high-conviction-growth-play" rel="noreferrer noopener">&#8220;highest conviction growth ideas&#8221;</a> for 2025. It is backed by the accomplishment of the &#8220;Rule of 50,&#8221; which means 25% product revenue growth alongside 25% free cash flow margins at over $4 billion in annual recurring revenue.
Price Action: SNOW stock is trading higher by 0.86% to $209.98 premarket at last check Monday.
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Photo by Tada Images via Shutterstock

Snowflake, Acxiom Partner To Power Secure AI Marketing For Brands

This expanded collaboration will unlock unprecedented self-service AI marketing across all of Interpublic Group via a consumer-facing expansion of its Interact platform

Snowflake And Acxiom Launch Strategic Initiative To Power IPG's Interact Platform With Real-Time Personalization And Cross-Channel AI

Press Releases

Canva Accelerates Global Growth and Product Velocity With Snowflake AI Data Cloud

Snowflake Acquires Crunchy Data to Bring Enterprise Ready Postgres Offering to the AI Data Cloud

Snowflake Openflow Unlocks Full Data Interoperability, Accelerating Data Movement for AI Innovation

Snowflake Unveils Next Wave of Compute Innovations For Faster, More Efficient Warehouses and AI-Driven Data Governance

Snowflake Marketplace Adds Agentic Products and AI-Ready Data from Leading News, Research, and Market Data Providers

Snowflake Introduces Cortex AISQL and SnowConvert AI: Analytics Rebuilt for the AI Era

Snowflake Intelligence and Data Science Agent Deliver The Next Frontier of Data Agents for Enterprise AI and ML

Qlik Named Snowflake 2025 Data Integration Partner of the Year

Snowflake and Acxiom Announce Plans to Transform AI-Powered Marketing for Brands and Agencies

Snowflake Appoints Chris Niederman as Alliances & Channels Leader

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