Toronto Dominion Bank Has $4.28 Million Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Toronto Dominion Bank boosted its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 24.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,226 shares of the company's stock after acquiring an additional 7,239 shares during the period. Toronto Dominion Bank's holdings in Snowflake were worth $4,276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNOW. Blue Trust Inc. grew its stake in shares of Snowflake by 103.9% in the second quarter. Blue Trust Inc. now owns 524 shares of the company's stock worth $71,000 after acquiring an additional 267 shares during the last quarter. OFI Invest Asset Management increased its holdings in shares of Snowflake by 441.5% during the 2nd quarter. OFI Invest Asset Management now owns 1,083 shares of the company's stock worth $137,000 after purchasing an additional 883 shares during the period. Means Investment CO. Inc. raised its position in shares of Snowflake by 2.3% during the second quarter. Means Investment CO. Inc. now owns 13,129 shares of the company's stock valued at $1,774,000 after buying an additional 292 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Snowflake by 17.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 127,790 shares of the company's stock valued at $17,263,000 after buying an additional 19,324 shares during the period. Finally, First Pacific Financial acquired a new stake in Snowflake during the second quarter worth about $826,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 3,029 shares of Snowflake stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $114.39, for a total value of $346,487.31. Following the transaction, the executive vice president now owns 753,464 shares of the company's stock, valued at approximately $86,188,746.96. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Benoit Dageville sold 1,946 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $114.39, for a total transaction of $222,602.94. Following the sale, the insider now directly owns 53,820 shares of the company's stock, valued at $6,156,469.80. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 294,384 shares of company stock valued at $47,993,609 in the last quarter. Company insiders own 7.80% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Wells Fargo & Company raised their price objective on Snowflake from $125.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. UBS Group decreased their price target on shares of Snowflake from $155.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Snowflake from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Mizuho upped their target price on shares of Snowflake from $165.00 to $195.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $180.00 price target on shares of Snowflake in a research report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $183.89.

Snowflake Trading Down 1.4 %

NYSE SNOW traded down $2.33 during trading on Friday, reaching $167.67. 5,516,920 shares of the stock traded hands, compared to its average volume of 10,084,487. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a market cap of $55.35 billion, a price-to-earnings ratio of -49.46 and a beta of 1.03. The stock's 50-day moving average price is $138.94 and its 200 day moving average price is $129.53.

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.