Rep. Josh Gottheimer Buys Snowflake Inc. (NYSE:SNOW) Shares

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Snowflake Inc. (NYSE:SNOW). In a filing disclosed on March 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Snowflake stock on February 21st. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/28/2025.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/28/2025.
• Sold $1,001 – $15,000 in shares of Block (NYSE:XYZ) on 2/27/2025.
• Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 2/27/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 2/27/2025.
• Sold $1,001 – $15,000 in shares of Paragon 28 (NYSE:FNA) on 2/27/2025.
• Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 2/26/2025.
• Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 2/26/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 2/26/2025.
• Sold $1,001 – $15,000 in shares of Vertiv (NYSE:VRT) on 2/25/2025.

Snowflake Stock Up 1.5 %

Shares of SNOW stock traded up $2.32 on Friday, hitting $158.54. The company’s stock had a trading volume of 11,039,685 shares, compared to its average volume of 6,183,916. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The firm’s fifty day moving average price is $173.79 and its 200-day moving average price is $146.90. The stock has a market capitalization of $52.33 billion, a price-to-earnings ratio of -46.77 and a beta of 1.07.

Hedge Funds Weigh In On Snowflake

Large investors have recently modified their holdings of the stock. Groupama Asset Managment acquired a new position in shares of Snowflake during the third quarter worth approximately $25,000. Stonebridge Financial Group LLC acquired a new position in Snowflake in the fourth quarter valued at approximately $29,000. West Paces Advisors Inc. acquired a new position in Snowflake in the fourth quarter valued at approximately $31,000. Spurstone Advisory Services LLC acquired a new position in Snowflake in the fourth quarter valued at approximately $31,000. Finally, Capital A Wealth Management LLC acquired a new position in Snowflake in the fourth quarter valued at approximately $31,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Bank of America lifted their price objective on shares of Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Oppenheimer lifted their price objective on shares of Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Stifel Nicolaus lifted their price objective on shares of Snowflake from $187.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Evercore ISI lifted their target price on shares of Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, UBS Group lifted their target price on shares of Snowflake from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and a consensus price target of $202.92.

Insider Activity at Snowflake

In other news, CAO Emily Ho sold 1,508 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total transaction of $246,060.36. Following the completion of the sale, the chief accounting officer now owns 44,760 shares of the company’s stock, valued at $7,303,489.20. This represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Christopher William Degnan sold 12,782 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the sale, the executive now directly owns 311,999 shares of the company’s stock, valued at $49,058,722.76. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,193 shares of company stock worth $50,096,313 over the last ninety days. Company insiders own 7.80% of the company’s stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.