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

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 Up 2.2%

NYSE SNOW traded up $4.71 during mid-day trading on Friday, reaching $219.73. 1,807,051 shares of the company's stock traded hands, compared to its average volume of 5,106,811. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $226.60. The company has a fifty day simple moving average of $210.36 and a 200-day simple moving average of $180.40. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.94. The company has a market cap of $73.36 billion, a price-to-earnings ratio of -52.23 and a beta of 1.22.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. Snowflake had a negative return on equity of 37.75% and a negative net margin of 36.43%. 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 firm earned $0.14 EPS. Snowflake's quarterly revenue was up 25.8% on a year-over-year basis. As a group, equities research analysts expect that Snowflake Inc. will post -2.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on SNOW shares. Barclays reaffirmed an "overweight" rating and set a $219.00 target price (up previously from $203.00) on shares of Snowflake in a report on Thursday, May 22nd. Scotiabank reaffirmed an "outperform" rating on shares of Snowflake in a research note on Thursday, May 22nd. Cantor Fitzgerald lifted their target price on Snowflake from $183.00 to $242.00 and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Bank of America lifted their target price on Snowflake from $172.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $215.00 target price (up previously from $175.00) on shares of Snowflake in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $226.73.

Insider Activity

In other Snowflake news, Director Frank Slootman sold 100,483 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $223.55, for a total value of $22,462,974.65. Following the transaction, the director directly owned 165,507 shares of the company's stock, valued at $36,999,089.85. This represents a 37.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $218.89, for a total transaction of $2,188,900.00. Following the completion of the transaction, the executive vice president directly owned 547,336 shares in the company, valued at approximately $119,806,377.04. This represents a 1.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,708,258 shares of company stock valued at $588,162,906. Company insiders own 6.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. LRI Investments LLC increased its position in shares of Snowflake by 645.7% in the 2nd quarter. LRI Investments LLC now owns 1,402 shares of the company's stock valued at $314,000 after buying an additional 1,214 shares in the last quarter. CWM LLC boosted its stake in shares of Snowflake by 9.0% during the 2nd quarter. CWM LLC now owns 216,212 shares of the company's stock worth $48,382,000 after buying an additional 17,868 shares during the last quarter. OFI Invest Asset Management boosted its stake in shares of Snowflake by 3.9% during the 2nd quarter. OFI Invest Asset Management now owns 6,508 shares of the company's stock worth $1,456,000 after buying an additional 245 shares during the last quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. acquired a new position in shares of Snowflake during the 2nd quarter worth about $27,357,000. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Snowflake by 21.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,151 shares of the company's stock valued at $5,628,000 after purchasing an additional 4,415 shares during the last quarter. Institutional investors and hedge funds own 65.10% 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.