Snowflake (NYSE:SNOW) Stock Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Snowflake Inc. NYSE: SNOW. In a filing disclosed on April 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Snowflake stock on March 19th. 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 Spotify Technology NYSE: SPOT on 3/24/2025.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 3/24/2025.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Pacific Premier Bancorp NASDAQ: PPBI on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Azenta NASDAQ: AZTA on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Chord Energy NASDAQ: CHRD on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Endava NYSE: DAVA on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/19/2025.

Snowflake Price Performance

Snowflake stock traded down $2.74 during mid-day trading on Friday, reaching $143.34. The company had a trading volume of 2,483,780 shares, compared to its average volume of 6,421,229. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The stock's 50-day simple moving average is $159.07 and its 200-day simple moving average is $154.35. The company has a market capitalization of $47.32 billion, a P/E ratio of -42.28 and a beta of 1.13.

Insider Activity at Snowflake

In other Snowflake news, Director Frank Slootman sold 127,247 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the sale, the director now directly owns 195,281 shares of the company's stock, valued at approximately $34,418,276.25. This trade represents a 39.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Scarpelli sold 300,000 shares of Snowflake stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total value of $48,963,000.00. Following the completion of the transaction, the chief financial officer now directly owns 292,610 shares in the company, valued at $47,756,878.10. This represents a 50.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 491,589 shares of company stock worth $82,405,796. Corporate insiders own 7.80% of the company's stock.

Institutional Trading of Snowflake

Institutional investors and hedge funds have recently modified their holdings of the stock. Broderick Brian C acquired a new stake in Snowflake in the first quarter worth about $459,000. Shepherd Financial Partners LLC acquired a new stake in Snowflake in the 1st quarter valued at about $521,000. Insigneo Advisory Services LLC boosted its holdings in Snowflake by 10.8% in the 1st quarter. Insigneo Advisory Services LLC now owns 3,951 shares of the company's stock valued at $578,000 after purchasing an additional 385 shares during the last quarter. Chicago Capital LLC increased its position in shares of Snowflake by 6.5% during the 1st quarter. Chicago Capital LLC now owns 7,259 shares of the company's stock worth $1,061,000 after purchasing an additional 442 shares during the last quarter. Finally, WD Rutherford LLC lifted its stake in Snowflake by 0.6% during the first quarter. WD Rutherford LLC now owns 12,247 shares of the company's stock worth $1,795,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 65.10% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SNOW shares. Wolfe Research upgraded shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price target for the company in a research note on Tuesday, February 18th. Stifel Nicolaus raised their target price on shares of Snowflake from $187.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Truist Financial dropped their price objective on shares of Snowflake from $225.00 to $210.00 and set a "buy" rating on the stock in a report on Monday, March 31st. KeyCorp dropped their price target on shares of Snowflake from $220.00 to $192.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Loop Capital raised their price objective on shares of Snowflake from $205.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $201.76.

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.

Snowflake Company Profile

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.