DoD tests AI models that make it easy to switch from vendors like Palantir
In a recent filing with the Securities and Exchange Commission, Snowflake Inc . (NYSE:SNOW) disclosed that Director Garrett Mark executed significant transactions involving the company’s Class A Common Stock on May 23, 2025. The company, currently valued at $68.1 billion, has seen its stock surge 14.11% in the past week, trading near its 52-week high of $209.80.
Garrett sold 67,000 shares at a price of $198.98 per share, amounting to a total sale value of approximately $13.3 million. This sale reduced his direct ownership to 7,428 shares. According to InvestingPro analysis, the stock appears overvalued at current levels, with technical indicators suggesting overbought conditions.
In addition to the sale, Garrett acquired 67,000 shares through the exercise of stock options at a price of $3.74 per share, with the transaction totaling approximately $250,580. Following these transactions, Garrett retains a combination of directly and indirectly owned shares, with some held in trust for his children. For deeper insights into insider trading patterns and 12+ additional ProTips, check out the comprehensive research available on InvestingPro.
In other recent news, Snowflake Inc. has reported strong financial results, with first-quarter product revenue increasing by 26% year-over-year, exceeding the company’s guidance by $37 million. The company has also raised its full-year guidance by $45 million, indicating confidence in continued growth. Snowflake’s contracted remaining performance obligations (cRPO) bookings rose by 40%, driven by significant deals in the financial services sector, including two contracts worth over $100 million each. Macquarie raised its price target for Snowflake to $190, maintaining a Neutral rating, while TD Cowen increased its target to $230, reiterating a Buy rating. Citi also raised its price target to $245, citing strong first-quarter performance and a positive outlook for the fiscal year 2026, maintaining its Buy rating. Additionally, Snowflake has entered a three-year partnership with the LA28 Olympic and Paralympic Games and Team USA to enhance data collaboration and fan engagement. Argus has maintained a Hold rating on Snowflake, noting the company’s ongoing investments in artificial intelligence and machine learning. These developments reflect Snowflake’s strategic focus on expanding its platform capabilities and strengthening its market position.
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