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 February 26th. 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 Snowflake NYSE: SNOW on 3/3/2025.
Snowflake Price Performance
SNOW traded up $3.71 during trading on Wednesday, reaching $153.25. The company's stock had a trading volume of 1,770,489 shares, compared to its average volume of 6,361,210. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a fifty day simple moving average of $171.02 and a two-hundred day simple moving average of $152.07. The company has a market cap of $50.59 billion, a price-to-earnings ratio of -45.26 and a beta of 1.07. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40.
Analyst Ratings Changes
SNOW has been the topic of several analyst reports. Jefferies Financial Group reduced their price target on Snowflake from $220.00 to $190.00 and set a "buy" rating on the stock in a report on Monday. Needham & Company LLC boosted their price objective on Snowflake from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, February 27th. BTIG Research raised Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 price objective for the company in a research report on Thursday, February 20th. Macquarie started coverage on shares of Snowflake in a report on Wednesday. They issued a "neutral" rating and a $160.00 target price on the stock. Finally, UBS Group boosted their price target on shares of Snowflake from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Snowflake currently has a consensus rating of "Moderate Buy" and a consensus target price of $203.05.
Read Our Latest Stock Analysis on SNOW
Institutional Trading of Snowflake
A number of hedge funds have recently modified their holdings of SNOW. Jennison Associates LLC boosted its holdings in shares of Snowflake by 92.2% during 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 period. State Street Corp increased its stake in shares of 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 during the last quarter. Norges Bank acquired a new stake in shares of Snowflake during the 4th quarter valued at about $988,950,000. FMR LLC lifted its position in shares of 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 buying an additional 2,805,425 shares during the last quarter. Finally, GQG Partners LLC acquired a new position in Snowflake during the 4th quarter worth $750,572,000. Hedge funds and other institutional investors own 65.10% of the company's stock.
Insider Buying and Selling at Snowflake
In other Snowflake news, EVP Christian Kleinerman sold 7,908 shares of Snowflake stock in a transaction on Friday, March 21st. The stock was sold at an average price of $154.67, for a total transaction of $1,223,130.36. Following the completion of the transaction, the executive vice president now directly owns 600,632 shares of the company's stock, valued at approximately $92,899,751.44. This trade represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the completion of the sale, the chief financial officer now directly owns 292,610 shares of the company's stock, valued at approximately $47,756,878.10. This represents a 50.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 503,968 shares of company stock worth $84,363,550 over the last ninety days. Company insiders own 7.80% of the company's stock.
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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