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

Key Points

• Rep. Maria Elvira Salazar bought $1,001–$15,000 of Snowflake shares on September 4 through her UBS brokerage account, after selling the same stock in a broader September 24 portfolio selloff.
• Snowflake reported stronger-than-expected quarterly results, with revenue up 35.1% year over year to $1.55 billion and EPS of $0.62 versus the $0.45 consensus estimate.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus rating and an average price target of $414.24; institutional investors own approximately 65.1% of Snowflake’s shares.

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 Stock Up 3.3%

Shares of SNOW stock opened at $343.90 on Friday. The stock's 50 day simple moving average is $329.72 and its 200 day simple moving average is $247.89. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $384.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $121.33 billion, a price-to-earnings ratio of -108.14 and a beta of 1.35.

Snowflake (NYSE:SNOW - Get Free Report) last announced 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 company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $0.35 earnings per share. The company's revenue for the quarter was up 35.1% compared to the same quarter last year. As a group, research analysts predict that Snowflake Inc. will post -1.46 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on SNOW. BTIG Research lifted their target price on shares of Snowflake from $340.00 to $424.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Monness Crespi & Hardt upped their price target on shares of Snowflake from $380.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. Barclays lifted their price objective on Snowflake from $332.00 to $384.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 3rd. Citigroup increased their target price on Snowflake from $395.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. Finally, Jefferies Financial Group set a $430.00 price target on Snowflake and gave the stock a "buy" rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $414.24.

Institutional Investors Weigh In On Snowflake

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

Insider Buying and Selling at Snowflake

In related news, CAO Emily Ho sold 768 shares of the company's stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $332.93, for a total value of $255,690.24. Following the completion of the transaction, the chief accounting officer directly owned 39,958 shares in the company, valued at approximately $13,303,216.94. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Christian Kleinerman sold 15,000 shares of the firm's stock in a transaction on 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 approximately $107,163,488.66. This trade represents a 4.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,246,429 shares of company stock valued at $396,227,952 in the last quarter. 4.80% of the stock is currently owned by corporate insiders.

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.

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