Virtu Financial LLC Makes New $5.76 Million Investment in Snowflake Inc. (NYSE:SNOW)

Virtu Financial LLC bought a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 37,271 shares of the company's stock, valued at approximately $5,755,000.

Other large investors have also added to or reduced their stakes in the company. Toronto Dominion Bank boosted its stake in shares of Snowflake by 24.1% in the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company's stock worth $4,276,000 after acquiring an additional 7,239 shares during the period. Prospect Financial Services LLC bought a new position in Snowflake in the 4th quarter worth approximately $288,000. Independent Advisor Alliance grew its holdings in Snowflake by 15.5% during the 3rd 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 position in shares of 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 during the last quarter. Finally, Bourgeon Capital Management LLC purchased a new position in shares of Snowflake in the fourth quarter worth $5,851,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Frank Slootman sold 100,000 shares of the firm's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the transaction, the director now owns 195,281 shares of the company's stock, valued at approximately $30,268,555. This trade represents a 33.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the sale, the executive vice president now directly owns 552,930 shares of the company's stock, valued at $103,121,445. The trade was a 2.64 % 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 in the last ninety days. Corporate insiders own 7.80% of the company's stock.

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Analyst Upgrades and Downgrades

SNOW has been the subject of several research analyst reports. Citigroup raised their target price on shares of Snowflake from $225.00 to $230.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a report on Thursday, February 27th. Wells Fargo & Company increased their price target on Snowflake from $210.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Monness Crespi & Hardt lifted their price objective on Snowflake from $188.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Piper Sandler upped their price objective on Snowflake from $208.00 to $215.00 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 assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.08.

Snowflake Trading Down 2.2 %

Shares of NYSE SNOW traded down $3.65 during trading hours on Wednesday, reaching $159.18. The stock had a trading volume of 3,451,790 shares, compared to its average volume of 6,319,134. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The firm has a market cap of $52.55 billion, a price-to-earnings ratio of -46.96 and a beta of 1.07. The business's fifty day moving average price is $172.75 and its two-hundred day moving average price is $150.63. 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 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.