Rep. Maria Elvira Salazar (R-FL) Sells Snowflake (SNOW) Stock

Maria Elvira Salazar, a Republican congresswoman from Florida, sold shares of Snowflake Inc. (NYSE: SNOW) valued between $1,001 and $15,000 on September 24, 2026. This transaction was reported on October 7, 2026, as part of her periodic disclosures under the STOCK Act.

Inside Maria Elvira Salazar's Trade

Salazar's recent sale involved shares of Snowflake, a company known for its cloud-based data platform. The value of the shares sold falls within the range of $1,001 to $15,000. This move highlights her ongoing financial activities as a member of Congress.

Other Institutional Activity in Snowflake Inc.

Several institutional investors have been active in Snowflake recently. Blackrock Inc. grew its holdings by 3,442,265 shares, ending with 31,405,420 shares worth about $9.64 billion. Vanguard Capital Management LLC added 288,172 shares, bringing its total to 15,066,218 shares valued at approximately $4.62 billion. Meanwhile, JPMorgan Chase & Co. reduced its stake by 1,967,710 shares, now holding 9,218,816 shares worth about $2.83 billion.

Snowflake Inc. Stock Down 8.5%

As of October 16, 2026, Snowflake's stock was recently trading around $308.11. This price is 19.9% below its 52-week high of $384.56 and 7.5% below its 50-day moving average of $332.96. The shares are well above their 52-week low of $118.30, indicating a strong performance over the past year.

Recent Earnings

Snowflake reported trailing twelve-month revenue of approximately $5.43 billion, reflecting a year-over-year growth of 35.1%. However, the company has a negative net margin of -20.1% and a return on equity of -48.1%. Its next earnings report is expected on December 2, 2026.

Insider Buying and Selling at Snowflake Inc.

Before Salazar's trade, several insiders made significant sales. Frank Slootman, the Director, sold 300,000 shares valued at about $100.35 million on September 21, 2026. On September 22, Officer Christian Kleinerman sold 2,622 shares for approximately $903,279 at an average price of $344.50. Additionally, Jonathan Mead Beaulier sold 755 shares valued at about $253,953 on September 23, 2026, while Benoit Dageville, also on September 23, sold 50,000 shares worth roughly $16.95 million.

Analysts Set New Price Targets

On September 3, 2026, JP Morgan maintained an Overweight rating on Snowflake with a price target of $426. Jefferies also maintained a Buy rating with a target of $430. Other firms like Goldman Sachs and Argus Research kept their Buy ratings, setting targets at $436 and $450, respectively. The consensus among analysts is a strong buy with a mean price target of $425.14.

About Snowflake Inc.

Snowflake Inc. provides a cloud-based data platform that helps businesses consolidate their data for better insights and application development. Its technology leverages artificial intelligence to solve various business challenges, which is particularly relevant for organizations looking to optimize their data strategies.

Bottom Line

Investors should keep an eye on Snowflake's upcoming earnings report on December 2, 2026, as well as any further disclosures from insiders and analysts. Salazar's recent trade adds to her other recent sales, including shares of United Rentals and RH, which were also valued between $1,001 and $15,000.