Rep. Gilbert Ray Cisneros, Jr. Acquires Shares of Snowflake Inc. (NYSE:SNOW)

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 Trading Down 0.8%

Shares of SNOW stock traded down $2.75 during trading hours on Friday, hitting $326.97. 4,486,269 shares of the company were exchanged, compared to its average volume of 5,099,322. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.05 and a current ratio of 0.94. The firm has a market cap of $113.33 billion, a P/E ratio of -102.82 and a beta of 1.33. The company has a 50 day simple moving average of $305.18 and a two-hundred day simple moving average of $225.74.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The business’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. Equities analysts anticipate that Snowflake Inc. will post -1.6 EPS for the current year.

Key Headlines Impacting Snowflake

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SNOW. North Dakota State Investment Board purchased a new stake in shares of Snowflake during the fourth quarter valued at approximately $3,495,000. Allstate Corp boosted its position in Snowflake by 108.1% in the fourth quarter. Allstate Corp now owns 24,497 shares of the company’s stock worth $5,374,000 after purchasing an additional 12,724 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in Snowflake by 86.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 209,653 shares of the company’s stock valued at $45,989,000 after purchasing an additional 97,128 shares during the period. William Blair Investment Management LLC grew its stake in 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 during the period. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Snowflake during the 2nd quarter valued at $1,399,000. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Monness Crespi & Hardt increased their price target on Snowflake from $380.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. BTIG Research upped their target price on Snowflake from $340.00 to $424.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. DA Davidson increased their target price on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. UBS Group lifted their price target on shares of Snowflake from $425.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Finally, Benchmark boosted their price target on shares of Snowflake from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Thirty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $414.24.

Insiders Place Their Bets

In other Snowflake news, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction dated Friday, September 4th. The shares were 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. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 2,730 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $335.72, for a total transaction of $916,515.60. Following the transaction, the executive vice president directly owned 319,887 shares of the company’s stock, valued at $107,392,463.64. This represents a 0.85% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 1,231,902 shares of company stock valued at $353,686,703. 4.80% of the stock is currently owned by company insiders.

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.