Rep. Josh Gottheimer Purchases Shares of Snowflake Inc. (NYSE:SNOW)

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Snowflake Inc. NYSE: SNOW. In a filing disclosed on March 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Snowflake stock on February 21st. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 2/28/2025.
• Sold $1,001 - $15,000 in shares of Block NYSE: XYZ on 2/27/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 2/27/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 2/27/2025.
• Sold $1,001 - $15,000 in shares of Paragon 28 NYSE: FNA on 2/27/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Fiserv NYSE: FI on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Vertiv NYSE: VRT on 2/25/2025.

Snowflake Stock Up 1.5 %

SNOW traded up $2.16 during trading on Tuesday, hitting $149.75. 7,544,186 shares of the company's stock traded hands, compared to its average volume of 6,433,546. The stock has a market capitalization of $49.43 billion, a price-to-earnings ratio of -44.17 and a beta of 1.07. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The company's 50 day simple moving average is $173.64 and its two-hundred day simple moving average is $147.31.

Institutional Investors Weigh In On Snowflake

Several large investors have recently made changes to their positions in the company. Jennison Associates LLC increased its holdings in shares of Snowflake by 92.2% in the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company's stock worth $1,179,230,000 after purchasing an additional 3,662,671 shares during the last quarter. State Street Corp grew its position in Snowflake by 0.8% in the third quarter. State Street Corp now owns 6,867,097 shares of the company's stock worth $788,755,000 after acquiring an additional 54,909 shares in the last quarter. Norges Bank purchased a new position in Snowflake in the fourth quarter worth about $988,950,000. FMR LLC grew its position in Snowflake by 84.9% in the fourth quarter. FMR LLC now owns 6,108,123 shares of the company's stock worth $943,155,000 after acquiring an additional 2,805,425 shares in the last quarter. Finally, GQG Partners LLC purchased a new position in Snowflake in the fourth quarter worth about $750,572,000. 65.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SNOW shares. UBS Group raised their price target on Snowflake from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Truist Financial restated a "buy" rating and issued a $225.00 price target (up from $210.00) on shares of Snowflake in a research note on Thursday, February 27th. Piper Sandler raised their price target on Snowflake from $208.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Wolfe Research upgraded Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price target on the stock in a research note on Tuesday, February 18th. Finally, Scotiabank raised their price target on Snowflake from $170.00 to $220.00 and gave the stock a "sector outperform" rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $202.92.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $171.75, for a total value of $2,576,250.00. Following the completion of the transaction, the executive vice president now owns 594,975 shares in the company, valued at approximately $102,186,956.25. This trade represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $155.00, for a total value of $15,500,000.00. Following the completion of the transaction, the director now owns 195,281 shares of the company's stock, valued at approximately $30,268,555. This represents a 33.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 294,923 shares of company stock worth $49,689,983. Corporate insiders own 7.80% of the company's stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Snowflake

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.