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 12th. 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.
- Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 2/13/2025.
- Sold $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 2/13/2025.
Snowflake Stock Up 1.2 %
Shares of SNOW stock traded up $1.83 during trading hours on Wednesday, reaching $151.73. The company had a trading volume of 3,500,922 shares, compared to its average volume of 6,424,289. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The company has a market capitalization of $50.08 billion, a P/E ratio of -44.70 and a beta of 1.07. The stock's fifty day simple moving average is $173.55 and its 200 day simple moving average is $147.55.
Insider Buying and Selling
In other Snowflake news, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction dated Monday, December 30th. The shares were 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 directly owns 195,281 shares of the company's stock, valued at approximately $30,268,555. The trade was a 33.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares of the company's stock, valued at $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 294,923 shares of company stock worth $49,689,983 in the last 90 days. 7.80% of the stock is owned by company insiders.
Hedge Funds Weigh In On Snowflake
Several institutional investors have recently made changes to their positions in SNOW. Groupama Asset Managment acquired a new stake in shares of Snowflake in the 3rd quarter worth about $25,000. Stonebridge Financial Group LLC purchased a new stake in Snowflake in the 4th quarter worth approximately $29,000. West Paces Advisors Inc. purchased a new stake in shares of Snowflake during the 4th quarter valued at $31,000. Spurstone Advisory Services LLC purchased a new stake in shares of Snowflake during the 4th quarter valued at $31,000. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Snowflake during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 65.10% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on SNOW. Monness Crespi & Hardt increased their price target on Snowflake from $188.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, February 27th. UBS Group raised their price target on Snowflake from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. BTIG Research upgraded Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 target price on the stock in a research report on Thursday, February 20th. Guggenheim reiterated a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Snowflake from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $202.92.
Check Out Our Latest Stock Report on SNOW
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.
About Snowflake
(
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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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