Snowflake (NYSE:SNOW) Stock Sale Revealed by Rep. Maria Elvira Salazar

Representative Maria Elvira Salazar (Republican-Florida) recently sold shares of Snowflake Inc. (NYSE:SNOW). In a filing disclosed on October 7th, the Representative disclosed that they had sold between $1,001 and $15,000 in Snowflake stock on September 24th. 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 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.
• Sold $1,001 – $15,000 in shares of Boeing (NYSE:BA) on 9/24/2026.

Snowflake Stock Up 3.3%

NYSE SNOW opened at $343.90 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56. The firm has a market capitalization of $121.33 billion, a price-to-earnings ratio of -108.14 and a beta of 1.35. The company has a fifty day moving average of $329.72 and a two-hundred day moving average of $247.89.

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

Analysts Set New Price Targets

A number of research firms have weighed in on SNOW. Morgan Stanley increased their target price on Snowflake from $300.00 to $470.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Bank of America upped their price target on shares of Snowflake from $330.00 to $395.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. DA Davidson raised their price target on shares of Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Robert W. Baird set a $450.00 price objective on shares of Snowflake in a report on Thursday, September 3rd. Finally, Royal Bank Of Canada boosted their price objective on shares of Snowflake from $372.00 to $440.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $414.24.

Insider Activity

In related news, Director Michael Speiser sold 403 shares of Snowflake stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $344.00, for a total value of $138,632.00. Following the completion of the transaction, the director owned 21,767 shares in the company, valued at $7,487,848. The trade was a 1.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $341.57, for a total value of $5,123,550.00. Following the completion of the transaction, the executive vice president directly owned 313,738 shares of the company’s stock, valued at $107,163,488.66. The trade was a 4.56% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,246,429 shares of company stock worth $396,227,952. 4.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Snowflake

A number of large investors have recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new position in Snowflake in the 2nd quarter worth approximately $1,399,000. Silicon Valley Capital Partners boosted its holdings in Snowflake by 15.2% during the second quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company’s stock worth $15,801,000 after buying an additional 8,208 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Snowflake by 105.0% during the first quarter. Janney Montgomery Scott LLC now owns 92,937 shares of the company’s stock worth $14,017,000 after buying an additional 47,601 shares in the last quarter. Temasek Holdings Private Ltd grew its position in Snowflake by 96.6% during the fourth quarter. Temasek Holdings Private Ltd now owns 368,528 shares of the company’s stock valued at $80,840,000 after buying an additional 181,101 shares during the period. Finally, Diversify Wealth Management LLC increased its holdings in Snowflake by 395.3% in the first quarter. Diversify Wealth Management LLC now owns 123,007 shares of the company’s stock valued at $17,371,000 after buying an additional 98,172 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

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.