Snowflake (SNOW) Stock Nears 12-Month Lows Despite 71% Analyst Upside Target

Key Takeaways

• Swedbank AB expanded its SNOW position by 6.0% in Q4, acquiring an additional 75,419 shares, bringing its total investment to approximately $291.84 million.
• Trading at $141.75, SNOW sits significantly beneath its 200-day moving average of $201.76 while analysts maintain a consensus target of $242.19.
• Fourth quarter results showed $1.28 billion in revenue, representing 30.1% year-over-year growth, with earnings per share of $0.32 surpassing projections of $0.27.
• Company insiders offloaded 435,054 shares worth approximately $72.7 million during the past three months, with one director reducing holdings by more than 61%.
• The company’s first quarter fiscal 2027 financial results are scheduled for release on May 27, 2026.

Shares of Snowflake launched Wednesday’s session at $141.75, marking a position nearly 30% beneath its 50-day moving average of $157.50 and substantially under its 200-day moving average of $201.76. The cloud data platform’s stock has traded within a 12-month range spanning from $118.30 to $280.67, currently hovering much nearer to its yearly bottom.

Snowflake Inc., SNOW

Sweden-based financial institution Swedbank AB acquired 75,419 additional SNOW shares throughout the fourth quarter, expanding its total position to 1,330,415 shares — representing approximately 0.39% of the company’s outstanding stock. Based on filing data, this stake carried a value near $291.84 million.

Swedbank’s purchase reflected a broader pattern among smaller institutional players. GoalVest Advisory dramatically increased its SNOW exposure by 221.4%, while both Physician Wealth Advisors and HHM Wealth Advisors expanded their respective holdings by more than 50%. Collectively, institutional ownership accounts for 65.10% of Snowflake’s shares.

However, insider activity tells a contrasting story. Company insiders have divested 435,054 shares valued at roughly $72.7 million over the previous 90 days. Director Michael L. Speiser executed a notable transaction on February 6th, selling 50,338 shares at an average price of $165.22 — a divestiture that slashed his stake by 61.83%.

EVP Christian Kleinerman similarly sold 10,000 shares on March 2nd at $165.01 per share, though he continues to hold 510,477 shares. Both transactions occurred through pre-established Rule 10b5-1 trading arrangements.

Revenue Growth Persists Despite Continued Red Ink

Snowflake’s latest quarterly financial report, disclosed on February 25th, revealed revenue totaling $1.28 billion — representing 30.1% year-over-year expansion and modestly exceeding the consensus forecast of $1.25 billion. Earnings per share reached $0.32, topping analyst expectations of $0.27 by $0.05.

Despite the revenue growth, the company continues operating at a loss with a negative net margin of 28.43% and negative return on equity reaching 50.61%. Full-year projections place Snowflake’s EPS at -$2.16. The company’s price-to-earnings ratio currently registers at -35.89.

Snowflake commands a market capitalization of $49 billion, maintains a current ratio of 1.30, and carries a debt-to-equity ratio of 1.18.

Wall Street Maintains Bullish Stance With Substantial Upside Potential

Bank of America reaffirmed its Buy recommendation while adjusting its price target downward from $275 to $195. Piper Sandler lowered its objective from $285 to $230 while preserving an Overweight stance. Mizuho similarly reduced its target from $285 to $220 while maintaining an Outperform rating.

Zacks Investment Research upgraded SNOW from Strong Sell to Hold during early March.

On the business development front, o9 Solutions revealed a new integration leveraging Snowflake’s Connected Application framework, connecting its o9 Digital Brain platform with Snowflake’s AI Data Cloud infrastructure.

Snowflake has scheduled its first quarter fiscal 2027 earnings announcement for May 27, 2026.

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