Rep. Josh Gottheimer Sells Off Shares of Snowflake Inc. (NYSE:SNOW)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Snowflake Inc. (NYSE:SNOW). In a filing disclosed on April 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Snowflake stock on March 19th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

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

• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 3/24/2025.
• Sold $1,001 – $15,000 in shares of Spotify Technology (NYSE:SPOT) on 3/24/2025.
• Sold $1,001 – $15,000 in shares of Flywire (NASDAQ:FLYW) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Disco (OTCMKTS:DSCSY) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Diageo (NYSE:DEO) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Shopify (NYSE:SHOP) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of D.R. Horton (NYSE:DHI) on 3/19/2025.

Snowflake Stock Performance

Shares of SNOW stock opened at $144.84 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The business’s 50 day moving average is $163.16 and its two-hundred day moving average is $153.82. The company has a market capitalization of $47.81 billion, a P/E ratio of -42.72 and a beta of 1.13.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Needham & Company LLC increased their target price on Snowflake from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Royal Bank of Canada increased their price objective on shares of Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Stifel Nicolaus boosted their target price on shares of Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Citigroup raised their price target on shares of Snowflake from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st. Finally, Evercore ISI boosted their price objective on Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $201.84.

Insiders Place Their Bets

In other news, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $129.25, for a total transaction of $52,087.75. Following the completion of the transaction, the director now directly owns 26,375 shares of the company’s stock, valued at approximately $3,408,968.75. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Scarpelli sold 300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the completion of the sale, the chief financial officer now directly owns 292,610 shares in the company, valued at approximately $47,756,878.10. This trade represents a 50.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 491,589 shares of company stock worth $82,405,796 in the last ninety days. 7.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SNOW. Benjamin Edwards Inc. acquired a new position in Snowflake during the 3rd quarter worth about $216,000. Janus Henderson Group PLC lifted its position in shares of Snowflake by 4.2% during the third quarter. Janus Henderson Group PLC now owns 25,231 shares of the company’s stock worth $2,898,000 after purchasing an additional 1,027 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Snowflake by 11.8% in the third quarter. Orion Portfolio Solutions LLC now owns 5,071 shares of the company’s stock valued at $582,000 after purchasing an additional 536 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Snowflake by 8.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 84,700 shares of the company’s stock valued at $9,729,000 after purchasing an additional 6,950 shares during the period. Finally, Groupama Asset Managment purchased a new stake in Snowflake during the 3rd quarter worth approximately $25,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

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.

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.