Rep. Robert Bresnahan, Jr. Buys Snowflake Inc. (NYSE:SNOW) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Snowflake Inc. NYSE: SNOW. In a filing disclosed on March 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Snowflake stock on February 13th. 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 Alibaba Group NYSE: BABA on 2/21/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/20/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 2/20/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 2/20/2025.
• Sold $1,001 - $15,000 in shares of Astera Labs NASDAQ: ALAB on 2/18/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/14/2025.
• Purchased $1,001 - $15,000 in shares of Reddit NYSE: RDDT on 2/14/2025.
• Sold $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 2/14/2025.
• Sold $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 2/13/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 2/12/2025.

Snowflake Stock Up 1.2 %

Snowflake stock traded up $1.83 during trading hours on Wednesday, hitting $151.73. 3,500,922 shares of the stock traded hands, compared to its average volume of 6,424,289. The firm's 50-day moving average price is $173.55 and its two-hundred day moving average price is $147.55. 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 has a market cap of $50.08 billion, a PE ratio of -44.70 and a beta of 1.07. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Groupama Asset Managment acquired a new stake in shares of Snowflake during the 3rd quarter worth about $25,000. Stonebridge Financial Group LLC purchased a new stake in Snowflake in the fourth quarter valued at approximately $29,000. West Paces Advisors Inc. acquired a new position in shares of Snowflake in the fourth quarter valued at approximately $31,000. Spurstone Advisory Services LLC acquired a new stake in Snowflake in the fourth quarter valued at $31,000. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Snowflake in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on SNOW. Wolfe Research raised Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price objective on the stock in a research report on Tuesday, February 18th. Rosenblatt Securities lifted their target price on shares of Snowflake from $186.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Oppenheimer lifted their target price on shares of Snowflake from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. StockNews.com upgraded shares of Snowflake from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Royal Bank of Canada lifted their target price on shares of Snowflake from $210.00 to $221.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $202.92.

Insider Buying and Selling

In related news, CAO Emily Ho sold 1,508 shares of Snowflake stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total value of $246,060.36. Following the transaction, the chief accounting officer now directly owns 44,760 shares in the company, valued at $7,303,489.20. The trade was a 3.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the completion of the sale, the executive vice president now directly owns 552,930 shares of the company's stock, valued at $103,121,445. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 294,923 shares of company stock worth $49,689,983. 7.80% of the stock is owned by company insiders.

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

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.