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 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 Snowflake (NYSE:SNOW) on 2/13/2025.
• 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.
• Purchased $1,001 – $15,000 in shares of monday.com (NASDAQ:MNDY) on 2/11/2025.
• Sold $1,001 – $15,000 in shares of Onsemi (NASDAQ:ON) on 2/11/2025.
• Purchased $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 2/10/2025.
• Sold $1,001 – $15,000 in shares of Trade Desk (NASDAQ:TTD) on 2/10/2025.
• Purchased $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 2/10/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 2/10/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/10/2025.

Snowflake Trading Up 1.5 %

NYSE SNOW traded up $2.16 during trading hours on Tuesday, hitting $149.75. The company’s stock had a trading volume of 7,544,370 shares, compared to its average volume of 6,435,190. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The firm has a market capitalization of $49.43 billion, a P/E ratio of -44.17 and a beta of 1.07. 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 stock has a fifty day moving average of $173.64 and a 200 day moving average of $147.31.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Loop Capital raised their price target on shares of Snowflake from $205.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. BTIG Research raised 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. Needham & Company LLC increased their price target on Snowflake from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Wells Fargo & Company raised their target price on shares of Snowflake from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Rosenblatt Securities upped their price target on shares of Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. 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 company currently has an average rating of “Moderate Buy” and an average price target of $202.92.

Insider Activity

In other news, EVP Christian Kleinerman sold 3,029 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.00, for a total transaction of $517,959.00. Following the completion of the sale, the executive vice president now owns 684,639 shares of the company’s stock, valued at $117,073,269. The trade was a 0.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Emily Ho sold 1,508 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total transaction of $246,060.36. Following the completion of the transaction, the chief accounting officer now directly owns 44,760 shares of the company’s stock, valued at $7,303,489.20. This represents a 3.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 294,923 shares of company stock worth $49,689,983 over the last three months. 7.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Snowflake

Several institutional investors and hedge funds have recently modified their holdings of the stock. Stonebridge Financial Group LLC bought a new stake in shares of Snowflake during the fourth quarter valued at approximately $29,000. West Paces Advisors Inc. bought a new stake in shares of Snowflake in the 4th quarter worth approximately $31,000. Spurstone Advisory Services LLC purchased a new stake in shares of Snowflake in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in Snowflake during the fourth quarter valued at $31,000. Finally, Carolinas Wealth Consulting LLC purchased a new stake in shares of Snowflake in the fourth quarter worth $32,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

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

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.