Rep. Maria Elvira Salazar Buys 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 $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 Up 3.3%

Snowflake stock opened at $343.90 on Friday. The firm has a 50 day simple moving average of $329.72 and a 200 day simple moving average of $247.89. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake Inc. has a 1-year low of $118.30 and a 1-year 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.

Snowflake (NYSE:SNOW) last posted 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. 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 for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business posted $0.35 earnings per share. The business’s quarterly revenue was up 35.1% on a year-over-year basis. On average, analysts predict that Snowflake Inc. will post -1.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Rosenblatt Securities boosted their price objective on Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, September 1st. Oppenheimer lifted their target price on Snowflake from $400.00 to $475.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Bank of America upped their price target on Snowflake from $330.00 to $395.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Wells Fargo & Company increased their price target on shares of Snowflake from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Phillip Securities upgraded shares of Snowflake to a “strong-buy” rating in a research report on Sunday, September 27th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $414.24.

Hedge Funds Weigh In On Snowflake

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mn Services Vermogensbeheer B.V. increased its stake in Snowflake by 1.0% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 96,736 shares of the company’s stock worth $32,848,000 after acquiring an additional 1,000 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Snowflake by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,175 shares of the company’s stock valued at $739,000 after acquiring an additional 359 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of Snowflake by 26.3% during the 3rd quarter. CoreCap Advisors LLC now owns 1,687 shares of the company’s stock valued at $573,000 after acquiring an additional 351 shares during the last quarter. Atwood & Palmer Inc. purchased a new position in shares of Snowflake during the third quarter worth about $51,000. Finally, Titleist Asset Management LLC grew its holdings in shares of Snowflake by 1.3% during the third quarter. Titleist Asset Management LLC now owns 5,430 shares of the company’s stock worth $1,844,000 after purchasing an additional 70 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Snowflake

In related news, Director Mark Garrett sold 50,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $350.00, for a total value of $17,500,000.00. Following the completion of the transaction, the director directly owned 10,074 shares in the company, valued at approximately $3,525,900. The trade was a 83.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $324.06, for a total value of $16,312,532.28. Following the completion of the transaction, the director directly owned 26,036 shares in the company, valued at approximately $8,437,226.16. This represents a 65.91% 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. Insiders have sold a total of 1,246,429 shares of company stock valued at $396,227,952 in the last ninety days. 4.80% of the stock is currently owned by company 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.

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.