B. Riley Wealth Advisors Inc. Sells 1,433 Shares of Snowflake Inc. (NYSE:SNOW)

B. Riley Wealth Advisors Inc. decreased its holdings in Snowflake Inc. (NYSE:SNOW) by 25.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,094 shares of the company’s stock after selling 1,433 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Snowflake were worth $462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. 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 worth $4,276,000 after purchasing an additional 7,239 shares in the last quarter. Independent Advisor Alliance raised its position in Snowflake by 15.5% in 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. Franklin Resources Inc. lifted its holdings in Snowflake by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock worth $66,086,000 after buying an additional 7,373 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Snowflake by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,511 shares of the company’s stock valued at $143,289,000 after buying an additional 36,704 shares during the last quarter. Finally, Sender Co & Partners Inc. increased its stake in shares of Snowflake by 100.9% in the 3rd quarter. Sender Co & Partners Inc. now owns 8,522 shares of the company’s stock valued at $979,000 after buying an additional 4,280 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Up 1.0 %

Shares of SNOW stock opened at $164.21 on Friday. The firm’s 50-day moving average is $142.93 and its 200-day moving average is $130.46. The stock has a market cap of $54.21 billion, a price-to-earnings ratio of -48.44 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 861 shares of Snowflake stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $111.41, for a total transaction of $95,924.01. Following the completion of the sale, the executive vice president now directly owns 751,755 shares of the company’s stock, valued at approximately $83,753,024.55. This trade represents a 0.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Benoit Dageville sold 287 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $111.41, for a total value of $31,974.67. Following the completion of the transaction, the insider now directly owns 53,250 shares in the company, valued at approximately $5,932,582.50. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 292,901 shares of company stock worth $48,375,520 over the last ninety days. Insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wedbush upgraded Snowflake from a “neutral” rating to an “outperform” rating and set a $190.00 price target on the stock in a report on Monday, November 25th. Monness Crespi & Hardt raised their target price on shares of Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 price target on shares of Snowflake in a research report on Tuesday, November 19th. Oppenheimer restated an “outperform” rating and issued a $180.00 price objective on shares of Snowflake in a report on Thursday, November 21st. Finally, Evercore ISI lifted their target price on shares of Snowflake from $170.00 to $190.00 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, ten have given a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.46.

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.