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

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 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 firm has a fifty day moving average price of $331.21 and a 200 day moving average price of $248.73. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $384.56. The stock has a market cap of $129.95 billion, a PE ratio of -115.83 and a beta of 1.35.

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. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The firm’s revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. Equities research analysts predict that Snowflake Inc. will post -1.46 earnings per share for the current year.

Key Stories 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.

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently modified their holdings of the business. Nuveen LLC lifted its holdings in shares of Snowflake by 2.3% in the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after acquiring an additional 116,521 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Snowflake by 20.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,452,425 shares of the company’s stock worth $537,907,000 after acquiring an additional 415,951 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Snowflake by 44.7% during 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 in the last quarter. Jericho Capital Asset Management L.P. purchased a new position in Snowflake during the 4th quarter valued at about $345,619,000. Finally, Swedbank AB grew its position in Snowflake by 24.0% in the 1st quarter. Swedbank AB now owns 1,649,771 shares of the company’s stock valued at $248,818,000 after acquiring an additional 319,356 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Argus upped their price objective on shares of Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. BTIG Research lifted their price target on Snowflake from $340.00 to $424.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. TD Cowen upped their price target on Snowflake from $370.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Morgan Stanley upped their price target on Snowflake from $300.00 to $470.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 price target on Snowflake in a research 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $414.24.

Insider Activity at Snowflake

In other news, CRO Jonathan Beaulier sold 755 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $336.36, for a total transaction of $253,951.80. Following the completion of the transaction, the executive directly owned 211,619 shares of the company’s stock, valued at approximately $71,180,166.84. This represents a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were 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 $107,163,488.66. This trade represents a 4.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,246,429 shares of company stock valued at $396,227,952. 4.80% of the stock is 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.