Rep. Robert Bresnahan, Jr. Buys Snowflake Inc. (NYSE:SNOW) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Snowflake Inc. NYSE: SNOW. In a filing disclosed on June 23rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Snowflake stock on May 23rd. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
• Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
• Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
• Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.

Snowflake Trading Up 2.3%

Snowflake stock traded up $4.89 during midday trading on Friday, reaching $219.91. The stock had a trading volume of 1,635,926 shares, compared to its average volume of 5,105,561. The firm's fifty day simple moving average is $210.36 and its two-hundred day simple moving average is $180.40. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $226.60. 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 $73.42 billion, a price-to-earnings ratio of -52.28 and a beta of 1.22.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.24 EPS 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 posted $0.14 EPS. The company's revenue was up 25.8% on a year-over-year basis. Equities analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Snowflake

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC grew its position in 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 acquiring an additional 17,868 shares during the last quarter. OFI Invest Asset Management grew its position in 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 acquiring an additional 245 shares during the last quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. bought a new stake in Snowflake during the 2nd quarter worth about $27,357,000. Vanguard Personalized Indexing Management LLC grew its holdings in Snowflake by 21.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,151 shares of the company's stock worth $5,628,000 after acquiring an additional 4,415 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in Snowflake by 64.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,901 shares of the company's stock worth $873,000 after acquiring an additional 1,525 shares during the last quarter. Institutional investors own 65.10% of the company's stock.

Insider Activity at Snowflake

In other Snowflake news, Director Frank Slootman sold 100,483 shares of the firm's stock in a transaction that occurred on 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 approximately $36,999,089.85. This trade represents a 37.78% 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 the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the firm's stock in a transaction that occurred on 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. The trade was a 1.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,708,258 shares of company stock worth $588,162,906 in the last quarter. Insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

SNOW has been the topic of several research reports. Morgan Stanley initiated coverage on shares of Snowflake in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $262.00 price objective on the stock. Raymond James Financial reiterated an "outperform" rating and issued a $212.00 price objective (up previously from $196.00) on shares of Snowflake in a research note on Thursday, May 22nd. Sanford C. Bernstein reiterated a "market perform" rating on shares of Snowflake in a research note on Thursday, May 22nd. Wells Fargo & Company reiterated an "overweight" rating and issued a $250.00 price objective (up previously from $225.00) on shares of Snowflake in a research note on Friday, June 13th. Finally, Royal Bank Of Canada upped their price objective on shares of Snowflake from $236.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-three have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $226.73.

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.