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

Key Points

• Rep. Maria Elvira Salazar sold $1,001–$15,000 of Snowflake shares on September 24 from her UBS IRA account, alongside similarly sized sales in nine other companies, including Microsoft, Salesforce, Meta Platforms and Boeing.
• Snowflake reported quarterly revenue of $1.55 billion, up 35.1% year over year, and adjusted earnings of $0.62 per share, beating analyst expectations of $1.48 billion in revenue and $0.45 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $414.24; however, Snowflake insiders sold 1.25 million shares worth about $396.2 million over the past 90 days.

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 Price Performance

SNOW stock opened at $343.90 on Friday. The firm has a market cap of $121.33 billion, a P/E ratio of -108.14 and a beta of 1.35. The firm's fifty day moving average is $329.72 and its 200 day moving average is $247.89. Snowflake Inc. has a 52 week low of $118.30 and a 52 week 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.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The company's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. Research analysts predict that Snowflake Inc. will post -1.46 earnings per share for the current year.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Frank Slootman sold 289,685 shares of the business's stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $274.39, for a total transaction of $79,486,667.15. Following the completion of the transaction, the director owned 28,535 shares in the company, valued at $7,829,718.65. The trade was a 91.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $324.06, for a total value of $16,312,532.28. Following the sale, the director directly owned 26,036 shares of the company's stock, valued at $8,437,226.16. This represents a 65.91% 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 sold a total of 1,246,429 shares of company stock worth $396,227,952 in the last 90 days. 4.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Snowflake

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC raised its holdings in Snowflake by 2.3% during the fourth 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 grew its position in shares of Snowflake by 20.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,452,425 shares of the company's stock valued at $537,907,000 after purchasing an additional 415,951 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Snowflake by 44.7% in 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 during the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in shares of Snowflake in the fourth quarter worth about $345,619,000. Finally, Swedbank AB lifted its position in shares of Snowflake by 24.0% in the first quarter. Swedbank AB now owns 1,649,771 shares of the company's stock worth $248,818,000 after buying an additional 319,356 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on SNOW shares. Scotiabank reissued a "sector outperform" rating and issued a $440.00 target price (up from $320.00) on shares of Snowflake in a research report on Thursday, September 3rd. Rosenblatt Securities increased their price objective on Snowflake from $285.00 to $345.00 and gave the stock a "buy" rating in a report on Tuesday, September 1st. Royal Bank Of Canada raised their price objective on Snowflake from $372.00 to $440.00 and gave the company an "outperform" rating in a research report on Thursday, September 3rd. Needham & Company LLC increased their price target on shares of Snowflake from $330.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Finally, Piper Sandler restated an "overweight" rating and issued a $450.00 price objective (up from $320.00) on shares of Snowflake in a report 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Snowflake 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.

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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