Swedbank AB Buys 75,419 Shares of Snowflake Inc. $SNOW

Key Points

• Swedbank AB increased its stake in Snowflake by 6.0%, buying 75,419 shares to own 1,330,415 shares (about 0.39% of the company) valued at roughly $291.84 million.
• Snowflake beat quarterly consensus with $0.32 EPS (vs. $0.27) and $1.28B revenue (up 30.1% YoY) but remains unprofitable; analysts have a "Moderate Buy" consensus with an average price target of $242.19, well above the recent ~$141.75 share price.
• Insiders sold 435,054 shares in the last 90 days (including a director sale of 50,338 shares), and Snowflake has an upcoming Q1 FY2027 earnings release on May 27 that could drive near-term volatility.

Swedbank AB increased its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,330,415 shares of the company's stock after purchasing an additional 75,419 shares during the period. Swedbank AB owned approximately 0.39% of Snowflake worth $291,840,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SNOW. Grey Fox Wealth Advisors LLC purchased a new position in shares of Snowflake in the 3rd quarter worth $25,000. GoalVest Advisory LLC increased its position in Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company's stock valued at $30,000 after acquiring an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company's stock valued at $31,000 after acquiring an additional 51 shares during the last quarter. HHM Wealth Advisors LLC lifted its holdings in Snowflake by 50.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company's stock valued at $33,000 after acquiring an additional 50 shares during the period. Finally, Root Financial Partners LLC bought a new position in Snowflake in the third quarter valued at about $34,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Snowflake Trading Down 1.7%

Shares of NYSE:SNOW opened at $141.75 on Wednesday. The stock has a 50 day moving average of $157.50 and a 200 day moving average of $201.76. The company has a market cap of $49.00 billion, a PE ratio of -35.89 and a beta of 1.08. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $280.67. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company's revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. As a group, equities research analysts expect that Snowflake Inc. will post -2.16 EPS for the current year.

Insider Activity

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $165.22, for a total value of $8,316,844.36. Following the completion of the sale, the director owned 31,076 shares in the company, valued at approximately $5,134,376.72. This represents a 61.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the firm's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $165.01, for a total value of $1,650,100.00. Following the sale, the executive vice president directly owned 510,477 shares in the company, valued at approximately $84,233,809.77. This represents a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 435,054 shares of company stock worth $72,691,801. 6.80% of the stock is currently owned by corporate insiders.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Wall Street analysts' consensus price targets imply large upside versus the current share price, suggesting buy-side conviction and potential price support if analyst optimism persists. Wall Street Sees 66% Upside for Snowflake Despite AI Data Cloud Selloff
• Positive Sentiment: o9 Solutions announced an integration using Snowflake’s Connected Application framework to link the o9 Digital Brain to Snowflake’s AI Data Cloud — a partnership that can drive additional enterprise adoption and usage-based revenue over time. o9 Solutions Announces Connected Application on Snowflake to Advance Enterprise Planning on a Unified Data Foundation
• Neutral Sentiment: Bank of America reiterated a Buy rating but trimmed its price target (from $275 to $195), which signals continued bullish conviction but reduces near-term upside expectations and may cap momentum. BofA Maintains Buy Rating on Snowflake (SNOW)
• Neutral Sentiment: Media pieces highlighting broad broker/analyst buy consensus reinforce positive narrative but note the usual caveats about analyst optimism; such coverage can support interest but is not a catalyst on its own. Brokers Suggest Investing in Snowflake (SNOW): Read This Before Placing a Bet
• Neutral Sentiment: Snowflake set its Q1 FY2027 earnings release for May 27, which creates an upcoming catalyst for volatility — investors should expect guidance and usage metrics that could swing the stock. Snowflake to Announce Financial Results for the First Quarter of Fiscal 2027 on May 27, 2026
• Negative Sentiment: Large director share sales (executed under a pre-arranged Rule 10b5-1 plan) were disclosed — while pre-arranged plans reduce informational concern, the magnitude of the sales can weigh on sentiment if investors view insider selling as a negative signal. SEC Filing: Insider Form 4 — Michael L. Speiser

Analysts Set New Price Targets

A number of research firms have issued reports on SNOW. Piper Sandler cut their price target on Snowflake from $285.00 to $230.00 and set an "overweight" rating for the company in a research note on Thursday, February 26th. Mizuho dropped their price objective on shares of Snowflake from $285.00 to $220.00 and set an "outperform" rating on the stock in a report on Tuesday, February 17th. Raymond James Financial restated an "outperform" rating on shares of Snowflake in a research report on Monday, February 2nd. Zacks Research raised shares of Snowflake from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 4th. Finally, Guggenheim reiterated a "neutral" rating on shares of Snowflake in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $242.19.

About Snowflake

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.

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