Rep. Maria Elvira Salazar Purchases Shares of Snowflake Inc. (NYSE:SNOW)

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 7.3%

Shares of Snowflake stock opened at $368.35 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s 50 day simple moving average is $331.21 and its 200-day simple moving average is $248.73. The stock has a market cap of $129.95 billion, a P/E ratio of -115.83 and a beta of 1.35. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $384.56.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. Analysts predict that Snowflake Inc. will post -1.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Snowflake

Hedge funds have recently bought and sold shares of the company. Nuveen LLC boosted its holdings in Snowflake by 2.3% during the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after acquiring an additional 116,521 shares during the period. Janus Henderson Group PLC increased its stake in Snowflake by 20.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,452,425 shares of the company’s stock worth $537,907,000 after purchasing an additional 415,951 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of Snowflake by 44.7% during the first quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company’s stock worth $392,259,000 after purchasing an additional 803,110 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in shares of Snowflake during the fourth quarter worth about $345,619,000. Finally, Swedbank AB boosted its stake in shares of Snowflake by 24.0% in the first quarter. Swedbank AB now owns 1,649,771 shares of the company’s stock valued at $248,818,000 after purchasing an additional 319,356 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SNOW. Canaccord Genuity Group boosted their price target on shares of Snowflake from $325.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Citizens Jmp increased their price target on shares of Snowflake from $408.00 to $488.00 and gave the company a “market outperform” rating in a research note on Thursday, September 3rd. Cantor Fitzgerald raised their price target on shares of Snowflake from $405.00 to $430.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Citigroup lifted their price target on shares of Snowflake from $395.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Snowflake in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $414.24.

Insider Activity

In related news, Director Michael Speiser sold 403 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $344.00, for a total transaction of $138,632.00. Following the sale, the director directly owned 21,767 shares of the company’s stock, valued at $7,487,848. This represents a 1.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Emily Ho sold 768 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $332.93, for a total transaction of $255,690.24. Following the sale, the chief accounting officer owned 39,958 shares in the company, valued at approximately $13,303,216.94. This trade represents a 1.89% decrease in their ownership of the stock. 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. Insiders sold 1,246,429 shares of company stock worth $396,227,952 over the last 90 days. Company insiders own 4.80% of the company’s stock.

Key Headlines Impacting Snowflake

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.