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

Key Points

• Rep. Maria Elvira Salazar purchased $15,001–$50,000 of Snowflake shares on September 4 through her UBS IRA, after reporting sales of Snowflake and several other stocks on September 24.
• Snowflake reported stronger-than-expected quarterly results, with EPS of $0.62 versus a $0.45 estimate and revenue of $1.55 billion, up 35.1% year over year.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $414.24, although insiders sold more than $396 million of stock in the last quarter.

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 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 12-month low of $118.30 and a 12-month high of $384.56. The company's 50 day moving average price is $329.72 and its two-hundred day moving average price is $247.89. The firm has a market cap of $121.33 billion, a PE ratio of -108.14 and a beta of 1.35.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. The business had revenue of $1.55 billion during 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 firm's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Equities research analysts predict that Snowflake Inc. will post -1.46 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. KeyCorp lifted their price objective on Snowflake from $285.00 to $325.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft set a $400.00 target price on Snowflake in a report on Thursday, September 3rd. Weiss Ratings restated a "sell (e+)" rating on shares of Snowflake in a research report on Tuesday, September 8th. DA Davidson boosted their price target on Snowflake from $300.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. Finally, Stifel Nicolaus upped their price objective on shares of Snowflake from $350.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. One 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $414.24.

Insider Buying and Selling

In related news, CRO Jonathan Beaulier sold 755 shares of Snowflake stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $336.36, for a total transaction of $253,951.80. Following the sale, the executive directly owned 211,619 shares of the company's stock, valued at approximately $71,180,166.84. The trade was a 0.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Speiser sold 403 shares of the company's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $344.00, for a total transaction of $138,632.00. Following the transaction, the director owned 21,767 shares of the company's stock, valued at approximately $7,487,848. This represents a 1.82% 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 worth $396,227,952 in the last quarter. Corporate insiders own 4.80% of the company's stock.

Hedge Funds Weigh In On Snowflake

A number of institutional investors have recently modified their holdings of SNOW. Nuveen LLC boosted its stake in Snowflake by 2.3% in the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company's stock valued at $1,157,749,000 after buying an additional 116,521 shares in the last quarter. Janus Henderson Group PLC grew its position in Snowflake by 22.2% in the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company's stock valued at $452,014,000 after acquiring an additional 544,960 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in 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 acquiring an additional 803,110 shares in the last quarter. Swedbank AB lifted its holdings 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 acquiring an additional 319,356 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new position in shares of Snowflake in the fourth quarter worth about $345,619,000. Institutional investors and hedge funds 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.

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