Snowflake (NYSE:SNOW) Shares Bought Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Snowflake Inc. (NYSE:SNOW). In a filing disclosed on September 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Snowflake stock on August 7th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 8/28/2026.
• Purchased $15,001 – $50,000 in shares of Quanta Services (NYSE:PWR) on 8/27/2026.
• Purchased $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 8/27/2026.
• Sold $15,001 – $50,000 in shares of NIKE (NYSE:NKE) on 8/27/2026.
• Sold $1,001 – $15,000 in shares of Phreesia (NYSE:PHR) on 8/26/2026.
• Purchased $1,001 – $15,000 in shares of Wheaton Precious Metals (NYSE:WPM) on 8/26/2026.
• Purchased $1,001 – $15,000 in shares of Walmart (NASDAQ:WMT) on 8/26/2026.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 8/26/2026.
• Sold $15,001 – $50,000 in shares of Lamar Advertising (NASDAQ:LAMR) on 8/25/2026.
• Sold $1,001 – $15,000 in shares of Phreesia (NYSE:PHR) on 8/25/2026.

Snowflake Stock Down 0.8%

SNOW stock opened at $326.97 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 1.05. The company’s 50 day simple moving average is $305.18 and its 200-day simple moving average is $225.74. The firm has a market capitalization of $113.33 billion, a PE ratio of -102.82 and a beta of 1.33. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The company 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 business’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 firm posted $0.35 earnings per share. Equities analysts expect that Snowflake Inc. will post -1.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SNOW has been the subject of several recent analyst reports. Canaccord Genuity Group lifted their target price on shares of Snowflake from $325.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Monness Crespi & Hardt raised their price objective on Snowflake from $380.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Rosenblatt Securities lifted their price objective on Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. Benchmark upped their target price on Snowflake from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Finally, UBS Group increased their target price on Snowflake from $425.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Thirty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $414.24.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI is accelerating growth: Snowflake’s fiscal Q2 2027 results showed 37% product-revenue growth, 126% net revenue retention, revenue of $1.55 billion and adjusted EPS of $0.62, beating estimates. Management said customers using Cortex AI and related tools are consuming more of Snowflake’s core data platform. Could Snowflake’s Big Quarter Be a Sign of More to Come?
• Positive Sentiment: Customer adoption is providing evidence of demand: Swiggy selected Snowflake as a unified data foundation and reported that its data workloads became 96% faster. The partnership spans food delivery, quick commerce and dining, supporting the case for broader enterprise usage. Swiggy Credits Snowflake for Making Data Workloads 96% Faster
• Positive Sentiment: Investor and analyst sentiment is favorable: Snowflake was selected as a CNBC “Final Trade,” while multiple firms raised price targets into the $425–$450 range. The reported analyst consensus is a “Moderate Buy” rating with a $414.24 target, suggesting potential upside if growth continues. Snowflake on CNBC’s Final Trades
• Neutral Sentiment: Recent conference commentary reinforces the strategy: Executives highlighted AI adoption, customer consumption and the opportunity to build a recurring data-and-AI growth cycle, but provided limited new financial information. Snowflake Citi Global TMT Conference Transcript
• Negative Sentiment: Valuation raises the risk of a pullback: After its sharp advance, investors appear to be pricing in sustained AI monetization and near-perfect execution. Any slowdown in consumption, margins or guidance could prompt profit-taking. Snowflake AI Story and Valuation Risk
• Negative Sentiment: Insider selling is a sentiment headwind: Directors Mark Garrett and Michael Speiser sold roughly $35.5 million of shares combined, while EVP Christian Kleinerman sold $916,516. Some transactions were made under Rule 10b5-1 plans or to cover taxes, making them less clearly bearish, but the sales may encourage near-term caution. Snowflake Insider Selling Alert

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently made changes to their positions in SNOW. California State Teachers Retirement System lifted its position in Snowflake by 25,944.6% during the second quarter. California State Teachers Retirement System now owns 127,340,602 shares of the company’s stock valued at $32,408,183,000 after buying an additional 126,851,670 shares in the last quarter. Norges Bank purchased a new stake in shares of Snowflake during the 4th quarter valued at about $974,091,000. Jericho Capital Asset Management L.P. acquired a new position in Snowflake in the 4th quarter worth $345,619,000. William Blair Investment Management LLC raised its position in shares of Snowflake by 159.9% in the 4th quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company’s stock valued at $295,477,000 after purchasing an additional 828,789 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in 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 in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael Speiser sold 403 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $353.87, for a total value of $142,609.61. Following the sale, the director owned 22,170 shares of the company’s stock, valued at approximately $7,845,297.90. This trade represents a 1.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 50,000 shares of Snowflake stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the completion of the sale, the director owned 10,074 shares in the company, valued at approximately $3,525,900. This represents a 83.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,231,902 shares of company stock valued at $353,686,703 over the last quarter. Company insiders own 4.80% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Snowflake Company Profile

Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake’s Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake’s marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.