Snowflake (NYSE:SNOW) Shares Purchased by Rep. Maria Elvira Salazar

Representative Maria Elvira Salazar (Republican-Florida) recently bought shares of Snowflake Inc. (NYSE:SNOW). In a filing disclosed on October 7th, the Representative disclosed that they had bought between $1,001 and $15,000 in Snowflake stock on September 4th. The trade occurred in the Representative’s “UBS BROKERAGE ACCOUNT” account.

Representative Maria Elvira Salazar also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Citigroup (NYSE:C) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of GE Aerospace (NYSE:GE) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Honeywell International (NASDAQ:HON) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of RH (NYSE:RH) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 9/24/2026.

Snowflake Trading Up 3.3%

NYSE:SNOW opened at $343.90 on Friday. The firm has a market capitalization of $121.33 billion, a P/E ratio of -108.14 and a beta of 1.35. The business has a 50 day simple moving average of $329.72 and a 200 day simple moving average of $247.89. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business posted $0.35 earnings per share. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. Equities research analysts predict that Snowflake Inc. will post -1.46 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. MV Capital Management Inc. acquired a new position in shares of Snowflake during the fourth quarter valued at approximately $32,000. Polaris Financial Partners acquired a new stake in Snowflake in the third quarter worth approximately $51,000. Atwood & Palmer Inc. bought a new position in Snowflake during the 3rd quarter valued at $51,000. Copos Capital S.a r.l. bought a new position in Snowflake during the 4th quarter valued at $35,000. Finally, SHP Wealth Management acquired a new position in shares of Snowflake during the 4th quarter valued at $39,000. 65.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Frank Slootman sold 102,791 shares of the company’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $335.22, for a total value of $34,457,599.02. Following the completion of the sale, the director owned 19,024 shares in the company, valued at $6,377,225.28. This represents a 84.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Emily Ho sold 768 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $332.93, for a total value of $255,690.24. Following the transaction, the chief accounting officer directly owned 39,958 shares of the company’s stock, valued at $13,303,216.94. This represents a 1.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 1,246,429 shares of company stock worth $396,227,952. 4.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Monness Crespi & Hardt upped their target price on shares of Snowflake from $380.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Argus lifted their price target on Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a report on Friday, September 4th. Benchmark boosted their price objective on Snowflake from $290.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. increased their price objective on Snowflake from $285.00 to $426.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Rosenblatt Securities raised their target price on Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $414.24.

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida’s 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Salazar (Republican Party) ran for re-election to the U.S. House to represent Florida’s 27th Congressional District. She won in the general election on November 5, 2024.

Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

About Snowflake

Snowflake Inc (NYSE: SNOW) provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.

Snowflake’s services include cloud data storage and computing, data sharing and collaboration tools, governance and security capabilities, and access to third-party data through the Snowflake Marketplace.