Quick Overview
- Swedish banking giant Swedbank AB expanded its Snowflake position by 6.0%, acquiring an additional 75,419 shares worth approximately $291.84 million in total holdings.
- Shares began trading Wednesday at $141.75, significantly trailing the 200-day moving average of $201.76 and the Wall Street consensus target of $242.19.
- Fourth-quarter results showed $1.28 billion in revenue—a 30.1% annual increase—with earnings per share of $0.32 surpassing the $0.27 forecast, though profitability remains elusive.
- Company insiders offloaded 435,054 shares valued at roughly $72.7 million over the past three months, with one director slashing holdings by more than 61%.
- The company’s first-quarter fiscal 2027 results are scheduled for release on May 27, 2026—a potential catalyst for price movement.
Shares of Snowflake commenced Wednesday’s session at $141.75, marking a nearly 30% decline from the 50-day moving average of $157.50 and a substantial gap below the 200-day average of $201.76. The stock’s 12-month trading range spans from $118.30 to $280.67, positioning current levels much closer to the lower boundary.
Swedish financial institution Swedbank AB purchased 75,419 additional SNOW shares throughout the fourth quarter, bringing total ownership to 1,330,415 shares—approximately 0.39% of outstanding stock. This position carried a valuation of about $291.84 million at filing time.
Swedbank’s move wasn’t isolated. Various smaller funds also expanded their stakes during the same period. GoalVest Advisory dramatically increased holdings by 221.4%, while both Physician Wealth Advisors and HHM Wealth Advisors grew their positions by more than 50%. Collectively, institutional shareholders control 65.10% of the company’s equity.
Contrasting with institutional accumulation, company insiders have been reducing exposure. Throughout the preceding 90 days, Snowflake executives and directors liquidated 435,054 shares totaling approximately $72.7 million. Among notable transactions, Director Michael L. Speiser sold 50,338 shares at $165.22 on February 6th—trimming his stake by 61.83%.
EVP Christian Kleinerman similarly divested 10,000 shares on March 2nd at $165.01 per share, while maintaining 510,477 shares afterward. Both executives conducted these sales through pre-established Rule 10b5-1 trading arrangements.
Revenue Growth Persists Amid Ongoing Losses
Snowflake’s latest quarterly performance, disclosed February 25th, delivered $1.28 billion in revenue—representing 30.1% year-over-year growth and modestly exceeding the $1.25 billion consensus forecast. Earnings per share reached $0.32, topping analyst expectations of $0.27 by $0.05.
However, the company continues posting a negative net margin of 28.43% alongside a negative return on equity of 50.61%. Full-year projections call for an EPS of -$2.16. The price-to-earnings ratio currently registers at -35.89.
Market capitalization totals $49 billion. The firm maintains a current ratio of 1.30 and operates with a debt-to-equity ratio of 1.18.
Street Forecasts Suggest Substantial Appreciation Potential
The average analyst price objective for SNOW stands at $242.19—representing approximately 71% potential upside from present levels. Among 41 analysts tracking the stock, 33 assign Buy ratings, one recommends Strong Buy, five rate it Hold, and two advocate Sell positions. The overall consensus reads “Moderate Buy.”
Bank of America maintained its Buy recommendation while reducing the price target from $275 to $195. Piper Sandler lowered its objective from $285 to $230 while preserving an Overweight stance. Mizuho similarly decreased its forecast from $285 to $220 while keeping an Outperform rating.
Zacks Investment Research upgraded SNOW from Strong Sell to Hold during early March.
On the technology front, o9 Solutions unveiled a fresh integration utilizing Snowflake’s Connected Application framework, bridging its o9 Digital Brain with Snowflake’s AI Data Cloud platform.
Snowflake has scheduled its first-quarter fiscal 2027 earnings announcement for May 27, 2026.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
