Rep. Jefferson Shreve Sells Snowflake Inc. (NYSE:SNOW) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Snowflake Inc. NYSE: SNOW. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Snowflake stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Snowflake Stock Performance

NYSE:SNOW traded up $4.53 on Friday, reaching $219.55. 3,256,701 shares of the company's stock were exchanged, compared to its average volume of 3,022,604. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market cap of $73.30 billion, a price-to-earnings ratio of -52.15 and a beta of 1.22. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $226.60. The stock has a fifty day simple moving average of $211.09 and a 200-day simple moving average of $181.09.

Snowflake (NYSE:SNOW - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. Snowflake had a negative net margin of 36.43% and a negative return on equity of 37.75%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned $0.14 earnings per share. The company's quarterly revenue was up 25.8% on a year-over-year basis. As a group, sell-side analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Snowflake from $210.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Raymond James Financial reissued an "outperform" rating and issued a $212.00 price target (up from $196.00) on shares of Snowflake in a report on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $219.00 price target (up from $203.00) on shares of Snowflake in a report on Thursday, May 22nd. Cantor Fitzgerald increased their price target on shares of Snowflake from $183.00 to $242.00 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Finally, Evercore ISI reissued a "buy" rating on shares of Snowflake in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-three have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Snowflake presently has an average rating of "Moderate Buy" and a consensus price target of $226.73.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new position in shares of Snowflake in the second quarter worth approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of Snowflake in the first quarter worth approximately $26,000. CVA Family Office LLC grew its holdings in shares of Snowflake by 80.0% in the first quarter. CVA Family Office LLC now owns 198 shares of the company's stock worth $29,000 after purchasing an additional 88 shares during the last quarter. West Paces Advisors Inc. bought a new position in shares of Snowflake in the fourth quarter worth approximately $31,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of Snowflake in the fourth quarter worth approximately $31,000. Institutional investors own 65.10% of the company's stock.

Insider Transactions at Snowflake

In related news, Director Frank Slootman sold 424,852 shares of Snowflake stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $219.35, for a total value of $93,191,286.20. Following the sale, the director owned 165,507 shares in the company, valued at $36,303,960.45. The trade was a 71.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael Scarpelli sold 400,000 shares of Snowflake stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $205.36, for a total transaction of $82,144,000.00. Following the completion of the sale, the chief financial officer owned 292,610 shares in the company, valued at approximately $60,090,389.60. This trade represents a 57.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,708,258 shares of company stock worth $588,162,906. Insiders own 6.80% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.