$SNOW

Dageville Benoit sold 50,000 indirectly-held shares of Snowflake Inc. (SNOW) at $335.70 ($16.78M total) on 2026-08-12 under a Rule 10b5-1 trading plan.

RBC Capital Markets raised price targets for several software companies, citing improved investor sentiment and signs of ongoing AI demand. RBC named Snowflake (SNOW) and CoreWeave (CRWV) as preferred growth ideas. It expects Snowflake’s fiscal Q2 results on Sept. 2 to test AI product demand, and said checks showed improving AI, cybersecurity, infrastructure, and data software conditions.

CNBC host Jim Cramer discussed Arista Networks (ANET) and Snowflake (SNOW). He said profit taking followed ANET’s Aug 5 Q2 results. Arista reported $3.04B revenue and $1.02 EPS, beating estimates, and guided Q3 revenue to $3.3B. The article cites 63.4% non-GAAP gross margin and notes customer concentration risk.

The article covers fintech and market-structure updates. Kalshi signed a multi-year deal with Nasdaq for market surveillance and partnered with DoubleZero Edge. Finster AI raised Series B funding from UBS and FactSet. HSBC AM invested in Model ML. S&P is integrating data into Microsoft 365 Copilot. SEC denied 24X’s SIP exemption for overnight trading for now.

Investing.com reports Databricks raised $5B at a $190B valuation, up from $134B eight months earlier, and claims it has a $7B+ annualized revenue run rate with 80%+ YoY growth. It compares Databricks with Snowflake (SNOW), citing SNOW’s $116B market cap, and notes investors including Coatue, Blackstone, and others plus an ElectricSQL acquisition.

Palo Alto Networks (PANW) hit a record $389.25 after Citizens raised its price target to $415 from $320 and kept an Outperform rating, citing AI-driven cybersecurity demand. Snowflake (SNOW) reached a four-year high of $341.95 after Oppenheimer lifted its target to $400 from $295. Brinker (EAT) surged to an all-time high after stronger fiscal 2026 results; Q2 SNOW earnings are due Sept 2.

Oppenheimer raised its price target on Snowflake (SNOW) to $400 from $295 and kept an Outperform rating. Analysts led by Ittai Kidron said their checks point to strong consumption and pipeline generation across regions and verticals, large deal momentum, and accelerating migration activity.

Jennison co-head of growth equity Blair Boyer says the AI buildout is early, despite cash burn and infrastructure bottlenecks. He cites hyperscaler capex rising above $700B in 2026, with AWS revenue growth accelerating to 37%. He highlights Eli Lilly’s $1B five-year Nvidia JV for AI drug discovery and discusses views on Microsoft, Apple, Snowflake, and CrowdStrike.

A Canadian man, Connor Riley Moucka, pleaded guilty to a scheme that used stolen credentials to access Snowflake cloud accounts of at least 165 organizations and steal data. In a separate Montana civil case, credit unions and card issuers seek reimbursement for card reissuance and fraud costs tied to a Ticketmaster breach. Chief Judge Brian Morris let negligence and unjust enrichment claims proceed into discovery.

Kleinerman Christian (EVP, Product Management) sold 5,000 indirectly-held shares of Snowflake Inc. (SNOW) at $325.00 ($1.62M total) on 2026-08-07 under a Rule 10b5-1 trading plan.