Calamos Wealth Management LLC Has $11.21 Million Stake in Snowflake Inc. (NYSE:SNOW)

Calamos Wealth Management LLC grew its stake in Snowflake Inc. (NYSE:SNOW) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,612 shares of the company’s stock after purchasing an additional 1,436 shares during the period. Calamos Wealth Management LLC’s holdings in Snowflake were worth $11,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SNOW. Toronto Dominion Bank lifted its position 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 purchasing an additional 7,239 shares in the last quarter. Prospect Financial Services LLC bought a new position in shares of Snowflake during the 4th quarter valued at about $288,000. Independent Advisor Alliance increased its holdings in shares of Snowflake by 15.5% in the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock worth $468,000 after buying an additional 548 shares during the period. Bourgeon Capital Management LLC bought a new position in Snowflake during the 4th quarter valued at approximately $5,851,000. Finally, Franklin Resources Inc. lifted its stake in shares of Snowflake by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock valued at $66,086,000 after purchasing an additional 7,373 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on SNOW shares. Citigroup dropped their target price on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a research note on Monday, November 18th. Scotiabank increased their price target on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Monness Crespi & Hardt lifted their price objective on Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Mizuho increased their target price on shares of Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $187.06.

Insider Activity at Snowflake

In other news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total value of $1,811,550.00. Following the transaction, the executive vice president now owns 706,755 shares of the company’s stock, valued at $85,354,801.35. This represents a 2.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Emily Ho sold 1,508 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $163.17, for a total value of $246,060.36. Following the transaction, the chief accounting officer now directly owns 44,760 shares in the company, valued at approximately $7,303,489.20. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 504,151 shares of company stock worth $84,973,139 in the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

NYSE:SNOW opened at $182.70 on Tuesday. The company’s fifty day moving average price is $169.48 and its 200-day moving average price is $137.72. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Snowflake Company 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.