Venturi Wealth Management LLC Buys 3,114 Shares of Snowflake Inc. (NYSE:SNOW)

Venturi Wealth Management LLC raised its stake in shares of Snowflake Inc. (NYSE:SNOW) by 575.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,655 shares of the company’s stock after buying an additional 3,114 shares during the period. Venturi Wealth Management LLC’s holdings in Snowflake were worth $564,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank raised its holdings in 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 buying an additional 7,239 shares in the last quarter. Prospect Financial Services LLC bought a new position in Snowflake during the fourth quarter valued at about $288,000. Independent Advisor Alliance raised its holdings in Snowflake by 15.5% during the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock valued at $468,000 after buying an additional 548 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Snowflake by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company’s stock valued at $104,028,000 after buying an additional 8,857 shares in the last quarter. Finally, Bourgeon Capital Management LLC bought a new position in Snowflake during the fourth quarter valued at about $5,851,000. 65.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares in the company, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Slootman sold 45,896 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $176.06, for a total value of $8,080,449.76. Following the completion of the transaction, the director now owns 208,735 shares in the company, valued at $36,749,884.10. The trade was a 18.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 440,241 shares of company stock worth $75,367,285 in the last three months. Insiders own 7.80% of the company’s stock.

Snowflake Stock Down 3.3 %

NYSE SNOW opened at $186.44 on Thursday. The firm has a market cap of $61.54 billion, a PE ratio of -55.00 and a beta of 1.07. Snowflake Inc. has a one year low of $107.13 and a one year high of $235.66. The stock’s 50 day simple moving average is $172.37 and its 200 day simple moving average is $143.01. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Bank of America raised their price target on Snowflake from $160.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. TD Cowen increased their target price on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company upgraded Snowflake from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $150.00 to $200.00 in a research note on Tuesday, January 7th. Wedbush upgraded Snowflake from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada increased their target price on Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $190.75.

About Snowflake

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.