TD Private Client Wealth LLC Purchases 188 Shares of Snowflake Inc. (NYSE:SNOW)

TD Private Client Wealth LLC boosted its holdings in Snowflake Inc. (NYSE:SNOW) by 32.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 764 shares of the company’s stock after buying an additional 188 shares during the quarter. TD Private Client Wealth LLC’s holdings in Snowflake were worth $118,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Toronto Dominion Bank raised its stake in shares of Snowflake by 24.1% during the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock valued at $4,276,000 after acquiring an additional 7,239 shares during the last quarter. Prospect Financial Services LLC acquired a new stake in Snowflake in the fourth quarter valued at $288,000. Independent Advisor Alliance raised its position in Snowflake by 15.5% during the 3rd quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock worth $468,000 after purchasing an additional 548 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Snowflake by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company’s stock worth $104,028,000 after buying an additional 8,857 shares during the period. Finally, Bourgeon Capital Management LLC bought a new stake in shares of Snowflake in the 4th quarter valued at about $5,851,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Trading Down 0.2 %

Shares of SNOW stock opened at $162.86 on Wednesday. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The company has a 50-day simple moving average of $172.75 and a two-hundred day simple moving average of $150.63. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $53.76 billion, a price-to-earnings ratio of -48.04 and a beta of 1.07.

Insider Activity

In related news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the transaction, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Christopher William Degnan sold 12,782 shares of Snowflake stock in a transaction dated 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 sale, the executive now directly owns 311,999 shares in the company, valued at approximately $49,058,722.76. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 303,968 shares of company stock valued at $50,900,550 over the last three months. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research note on Thursday, February 27th. JMP Securities restated a “market outperform” rating and issued a $190.00 price target on shares of Snowflake in a research report on Tuesday, December 3rd. Citigroup increased their price objective on shares of Snowflake from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Royal Bank of Canada increased their price target on Snowflake from $210.00 to $221.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Cantor Fitzgerald upped their target price on Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $205.08.

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.