Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Snowflake Inc. NYSE: SNOW. In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Snowflake stock on March 3rd. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
- Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
- Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
- Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
- Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 3/3/2025.
Snowflake Price Performance
Shares of SNOW traded down $4.34 during midday trading on Monday, reaching $146.29. The stock had a trading volume of 6,211,183 shares, compared to its average volume of 6,381,169. The firm's 50 day moving average price is $171.99 and its 200-day moving average price is $151.58. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The company has a market capitalization of $48.29 billion, a P/E ratio of -43.15 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of SNOW. Asset Dedication LLC increased its stake in shares of Snowflake by 6.8% in the fourth quarter. Asset Dedication LLC now owns 922 shares of the company's stock worth $142,000 after purchasing an additional 59 shares during the period. Quarry LP increased its position in Snowflake by 9.8% in the 4th quarter. Quarry LP now owns 662 shares of the company's stock worth $102,000 after buying an additional 59 shares during the period. Breakwater Capital Group lifted its holdings in shares of Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock worth $454,000 after buying an additional 62 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of Snowflake by 3.3% in the fourth quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock valued at $317,000 after acquiring an additional 65 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Snowflake by 0.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock worth $2,077,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.
Insider Buying and Selling
In related news, Director Frank Slootman sold 1,783 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total transaction of $262,528.92. Following the transaction, the director now directly owns 192,511 shares in the company, valued at $28,345,319.64. The trade was a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael Scarpelli sold 300,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total value of $48,963,000.00. Following the completion of the sale, the chief financial officer now owns 292,610 shares of the company's stock, valued at $47,756,878.10. This represents a 50.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 503,968 shares of company stock valued at $84,363,550. 7.80% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on SNOW. Rosenblatt Securities upped their price target on shares of Snowflake from $186.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Piper Sandler upped their price target on Snowflake from $208.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Citigroup raised their price objective on Snowflake from $225.00 to $230.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Canaccord Genuity Group boosted their target price on Snowflake from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Finally, Loop Capital increased their price target on Snowflake from $205.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Snowflake presently has an average rating of "Moderate Buy" and an average target price of $203.83.
Get Our Latest Report on Snowflake
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Snowflake Company Profile
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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.
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