Snowflake (NYSE:SNOW) Stock Purchase Reported 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 $15,001 and $50,000 in Snowflake stock on September 4th. The trade occurred in the Representative’s “UBS IRA 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 Stock Performance

Shares of SNOW opened at $368.35 on Friday. The company’s 50 day simple moving average is $331.21 and its 200-day simple moving average is $248.73. The firm has a market cap of $129.95 billion, a PE ratio of -115.83 and a beta of 1.35. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06.

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

Insider Activity at Snowflake

In other news, Director Mark Garrett sold 50,000 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the completion of the sale, the director directly owned 10,074 shares of the company’s stock, valued at $3,525,900. The trade was a 83.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christian Kleinerman sold 25,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $325.00, for a total value of $8,125,000.00. Following the sale, the executive vice president owned 340,379 shares of the company’s stock, valued at approximately $110,623,175. The trade was a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,246,429 shares of company stock worth $396,227,952 in the last 90 days. Company insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust boosted its position in shares of Snowflake by 15.6% in the second quarter. Parkside Financial Bank & Trust now owns 334 shares of the company’s stock worth $85,000 after acquiring an additional 45 shares during the last quarter. Tsfg LLC increased its position in Snowflake by 27.8% during the second quarter. Tsfg LLC now owns 230 shares of the company’s stock worth $59,000 after purchasing an additional 50 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Snowflake by 4.1% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,640 shares of the company’s stock worth $417,000 after purchasing an additional 65 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in Snowflake by 0.5% during the second quarter. Wealthcare Advisory Partners LLC now owns 13,682 shares of the company’s stock worth $3,482,000 after purchasing an additional 66 shares during the period. Finally, Glen Eagle Advisors LLC raised its stake in Snowflake by 49.3% during the fourth quarter. Glen Eagle Advisors LLC now owns 209 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SNOW shares. Truist Financial set a $425.00 target price on shares of Snowflake and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Raymond James Financial increased their price objective on Snowflake from $275.00 to $425.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. boosted their target price on Snowflake from $285.00 to $426.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Needham & Company LLC increased their price target on Snowflake from $330.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $450.00 price objective (up from $320.00) on shares of Snowflake in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $414.24.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI Marketplace launch strengthens the growth narrative. Snowflake introduced Agentic Marketplace Discovery in public preview, allowing users to search and compare Marketplace listings through its CoCo AI assistant. The feature supports Snowflake’s strategy of becoming a platform for enterprise AI workflows. Snowflake stock rises as AI Marketplace launch boosts software outlook
• Positive Sentiment: AI adoption and recent execution continue to support investor optimism. Snowflake recently reported 37% year-over-year product-revenue growth to $1.49 billion and raised its full-year product-revenue growth outlook to 36%. Management also said more than 9,100 accounts were using CoCo and 5,800 were using CoWork, while a five-year expansion with LSEG added to the company’s AI momentum. Snowflake rises as AI software sentiment improves
• Positive Sentiment: Analyst sentiment remains supportive. Coverage points to optimistic Wall Street recommendations, while reports indicate analysts have recently been raising price targets. This can provide a near-term catalyst, although consensus recommendations may be biased toward optimism. Wall Street analysts look optimistic on Snowflake
• Neutral Sentiment: Security concerns appear contained. Snowflake said the company was not compromised in connection with an alleged ASOS hack, reducing the risk of a direct product or platform-security overhang. Snowflake responds to ASOS hacking message
• Negative Sentiment: Valuation and execution risks remain. Commentary describes Snowflake as fairly valued until customer migrations demonstrate durable benefits, while the stock’s sharp rally places greater pressure on future guidance and growth results. Snowflake fairly priced until migrations prove themselves
• Negative Sentiment: Insider selling is a cautionary signal. QuiverQuant reported 268 open-market insider sales and no purchases over the past six months, including substantial sales by executives and directors.

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.

Snowflake Company Profile

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.