Snowflake (SNOW) Stock: Wall Street Sees 71% Upside — So Why Are Insiders Selling?

TLDR

• Swedbank AB raised its Snowflake stake by 6.0%, buying 75,419 more shares for a total holding valued at around $291.84 million.
• SNOW opened at $141.75, well below its 200-day moving average of $201.76 and the analyst consensus price target of $242.19.
• Snowflake posted Q4 revenue of $1.28 billion, up 30.1% year-over-year, and beat EPS estimates of $0.27 with $0.32 — but remains unprofitable.
• Insiders sold 435,054 shares over the last 90 days, including a director who cut their position by 61.83%.
• Q1 FY2027 earnings are set for May 27, 2026 — a key date that could move the stock.

Snowflake opened at $141.75 on Wednesday, sitting nearly 30% below its 50-day moving average of $157.50 and well off its 200-day moving average of $201.76. The stock has a 12-month low of $118.30 and a high of $280.67, putting it closer to the floor than the ceiling right now.

Snowflake Inc., SNOW

Swedish bank Swedbank AB added 75,419 shares of SNOW during Q4, lifting its total holding to 1,330,415 shares — roughly 0.39% of the company. At the time of filing, that stake was worth approximately $291.84 million.

Swedbank wasn’t alone. Several smaller institutions also added positions in the quarter. GoalVest Advisory increased its holding by 221.4%, while Physician Wealth Advisors and HHM Wealth Advisors each added to their positions by over 50%. Institutional investors as a group own 65.10% of Snowflake’s stock.

Despite the buying activity on the institutional side, insiders have been selling. Over the past 90 days, Snowflake insiders sold 435,054 shares worth roughly $72.7 million. That includes Director Michael L. Speiser, who sold 50,338 shares at an average of $165.22 per share on February 6th — a move that reduced his position by 61.83%.

EVP Christian Kleinerman also sold 10,000 shares on March 2nd at $165.01, though he retained 510,477 shares following the transaction. Both sales were executed under pre-arranged Rule 10b5-1 plans.

Earnings Beat, But Losses Continue

Snowflake’s most recent quarterly results, released February 25th, showed revenue of $1.28 billion — up 30.1% year-over-year and slightly above the consensus estimate of $1.25 billion. EPS came in at $0.32, beating the $0.27 estimate by $0.05.

That said, the company carries a negative net margin of 28.43% and a negative return on equity of 50.61%. Analysts expect Snowflake to post -$2.16 EPS for the full year. The company’s PE ratio sits at -35.89.

The market cap stands at $49 billion. Snowflake holds a current ratio of 1.30 and a debt-to-equity ratio of 1.18.

Analyst Targets Far Above Current Price

Bank of America reiterated its Buy rating but trimmed its target from $275 to $195. Piper Sandler cut its target from $285 to $230 but maintained an Overweight rating. Mizuho also reduced its target, from $285 to $220, while keeping an Outperform rating.

Zacks upgraded SNOW from Strong Sell to Hold in early March.

On the product side, o9 Solutions announced a new integration using Snowflake’s Connected Application framework, linking its o9 Digital Brain to Snowflake’s AI Data Cloud.

Snowflake has confirmed its Q1 FY2027 earnings will be released on May 27, 2026.

The post Snowflake (SNOW) Stock: Wall Street Sees 71% Upside — So Why Are Insiders Selling? appeared first on CoinCentral.