Pathstone Holdings LLC Decreases Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Pathstone Holdings LLC lessened its holdings in Snowflake Inc. (NYSE:SNOW) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,384 shares of the company’s stock after selling 2,752 shares during the quarter. Pathstone Holdings LLC’s holdings in Snowflake were worth $3,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. ProShare Advisors LLC lifted its position in shares of Snowflake by 26.1% during the 1st quarter. ProShare Advisors LLC now owns 1,424 shares of the company’s stock worth $230,000 after buying an additional 295 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in Snowflake by 132.4% in the first quarter. Gamco Investors INC. ET AL now owns 5,810 shares of the company’s stock valued at $939,000 after acquiring an additional 3,310 shares in the last quarter. Gabelli Funds LLC purchased a new position in shares of Snowflake during the first quarter worth about $238,000. LRI Investments LLC acquired a new stake in shares of Snowflake during the first quarter worth about $29,000. Finally, BOKF NA lifted its holdings in shares of Snowflake by 1,424.9% in the 1st quarter. BOKF NA now owns 7,960 shares of the company’s stock valued at $1,278,000 after purchasing an additional 7,438 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Down 2.3 %

NYSE SNOW opened at $167.44 on Monday. The stock has a market cap of $56.13 billion, a price-to-earnings ratio of -49.39 and a beta of 0.83. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72. The business has a fifty day moving average of $120.06 and a 200-day moving average of $127.80.

Insider Activity at Snowflake

In related news, Director Frank Slootman sold 6,251 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $114.39, for a total transaction of $715,051.89. Following the transaction, the director now directly owns 208,735 shares in the company, valued at approximately $23,877,196.65. This represents a 2.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 558 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total value of $61,357.68. Following the completion of the sale, the executive vice president now directly owns 759,473 shares in the company, valued at approximately $83,511,651.08. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,538 shares of company stock valued at $7,061,544. 7.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SNOW has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC upped their price target on shares of Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com upgraded shares of Snowflake from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Mizuho lifted their price objective on shares of Snowflake from $165.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Monness Crespi & Hardt increased their target price on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.23.

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.