TD Private Client Wealth LLC Grows Position in Snowflake Inc. (NYSE:SNOW)

TD Private Client Wealth LLC grew its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 32.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 764 shares of the company’s stock after buying an additional 188 shares during the period. TD Private Client Wealth LLC’s holdings in Snowflake were worth $118,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Asset Dedication LLC grew its stake in Snowflake by 6.8% in the 4th quarter. Asset Dedication LLC now owns 922 shares of the company’s stock valued at $142,000 after buying an additional 59 shares in the last quarter. Breakwater Capital Group raised its stake in shares of Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock valued at $454,000 after purchasing an additional 62 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Snowflake by 0.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock worth $2,077,000 after purchasing an additional 69 shares during the period. Larson Financial Group LLC grew its holdings in Snowflake by 21.8% during the 4th quarter. Larson Financial Group LLC now owns 413 shares of the company’s stock valued at $64,000 after buying an additional 74 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Snowflake by 31.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Down 0.2 %

Shares of NYSE:SNOW opened at $162.86 on Wednesday. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The stock’s 50-day moving average is $172.75 and its 200 day moving average is $150.63. The company has a market cap of $53.76 billion, a PE ratio of -48.04 and a beta of 1.07.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of analyst reports. Evercore ISI upped their target price on shares of Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Canaccord Genuity Group increased their price objective on Snowflake from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Wedbush set a $210.00 target price on Snowflake in a research report on Wednesday, January 22nd. Mizuho raised their price target on Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald boosted their price objective on Snowflake from $201.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average price target of $205.08.

Insider Activity

In related news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the sale, the executive vice president now owns 552,930 shares in the company, valued at $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the completion of the transaction, the executive now owns 311,999 shares of the company’s stock, valued at $49,058,722.76. This trade represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 303,968 shares of company stock valued at $50,900,550. Company insiders own 7.80% of the company’s stock.

Snowflake Profile

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.