Key Takeaways
- Swedbank AB expanded its position in Snowflake by 6.0%, acquiring an additional 75,419 shares, bringing its total holdings to approximately $291.84 million.
- SNOW shares began trading at $141.75, significantly beneath the 200-day moving average of $201.76 and far from the analyst consensus target of $242.19.
- The cloud data platform reported Q4 revenue reaching $1.28 billion, marking a 30.1% year-over-year increase, and exceeded EPS projections by delivering $0.32 versus the expected $0.27—though profitability remains elusive.
- Company insiders have divested 435,054 shares valued at approximately $72.7 million during the past three months, with one board member reducing their stake by more than 61%.
- The company’s fiscal Q1 2027 earnings announcement is scheduled for May 27, 2026—a potentially pivotal catalyst for share price movement.
Snowflake shares commenced Wednesday’s session at $141.75, positioning the stock nearly 30% beneath its 50-day moving average of $157.50 and substantially below the 200-day moving average of $201.76. With a 12-month trading range spanning from $118.30 to $280.67, the current price sits much closer to the bottom than the top of that band.
Scandinavian financial institution Swedbank AB purchased 75,419 additional shares during the fourth quarter, elevating its aggregate position to 1,330,415 shares—representing approximately 0.39% of the company’s outstanding equity. Based on regulatory filings, this investment was valued at roughly $291.84 million.
Swedbank’s activity reflected a broader pattern among smaller institutional players. GoalVest Advisory dramatically increased its position by 221.4%, while both Physician Wealth Advisors and HHM Wealth Advisors expanded their stakes by more than 50% each. Collectively, institutional shareholders control 65.10% of Snowflake’s outstanding shares.
However, this institutional accumulation contrasts sharply with insider behavior. During the previous 90 days, company insiders disposed of 435,054 shares totaling approximately $72.7 million. Notable among these transactions was Director Michael L. Speiser’s February 6th sale of 50,338 shares at an average price of $165.22—a transaction that slashed his holdings by 61.83%.
EVP Christian Kleinerman executed a separate transaction on March 2nd, selling 10,000 shares at $165.01 each, though he maintained ownership of 510,477 shares afterward. Both executives conducted their sales through pre-established Rule 10b5-1 trading arrangements.
Revenue Growth Persists Despite Continued Losses
Snowflake’s latest quarterly financial disclosure, published February 25th, revealed revenue of $1.28 billion—representing a 30.1% year-over-year surge and marginally exceeding the $1.25 billion consensus forecast. Earnings per share reached $0.32, surpassing analyst expectations of $0.27 by $0.05.
Nevertheless, the company continues operating with a negative net margin of 28.43% and a negative return on equity of 50.61%. Market analysts project full-year losses of $2.16 per share. The stock’s price-to-earnings ratio currently stands at -35.89.
The company maintains a market capitalization of $49 billion, with a current ratio of 1.30 and a debt-to-equity ratio of 1.18.
Wall Street Price Targets Signal Substantial Upside
The Street’s average price objective for SNOW sits at $242.19—suggesting approximately 71% potential appreciation from current trading levels. Among 41 sell-side analysts tracking the stock, 33 maintain Buy recommendations, one assigns a Strong Buy rating, five rate it Hold, and two recommend selling. The overall consensus falls into “Moderate Buy” territory.
Bank of America reaffirmed its Buy stance while reducing its price target from $275 down to $195. Piper Sandler lowered its objective from $285 to $230 yet preserved its Overweight rating. Mizuho similarly adjusted its target downward from $285 to $220 while maintaining its Outperform designation.
Zacks Research elevated SNOW from Strong Sell to Hold status in early March.
On the partnership front, o9 Solutions recently unveiled a new integration leveraging Snowflake’s Connected Application framework, establishing a connection between its o9 Digital Brain platform and Snowflake’s AI Data Cloud infrastructure.
Snowflake has officially scheduled its Q1 fiscal 2027 earnings release for May 27, 2026.
