Brooklyn Investment Group Sells 902 Shares of Snowflake Inc. (NYSE:SNOW)

Brooklyn Investment Group lowered its stake in shares of Snowflake Inc. (NYSE:SNOW) by 52.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 820 shares of the company’s stock after selling 902 shares during the quarter. Brooklyn Investment Group’s holdings in Snowflake were worth $94,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Comerica Bank raised its holdings in Snowflake by 17.2% in the 1st quarter. Comerica Bank now owns 29,267 shares of the company’s stock valued at $4,729,000 after acquiring an additional 4,296 shares in the last quarter. EMC Capital Management acquired a new stake in shares of Snowflake in the 1st quarter valued at $63,000. Cetera Investment Advisers raised its position in shares of Snowflake by 201.5% during the 1st quarter. Cetera Investment Advisers now owns 63,688 shares of the company’s stock valued at $10,292,000 after acquiring an additional 42,563 shares during the last quarter. Cetera Advisors LLC raised its position in shares of Snowflake by 76.5% in the 1st quarter. Cetera Advisors LLC now owns 28,831 shares of the company’s stock valued at $4,659,000 after acquiring an additional 12,497 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in Snowflake by 23.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 227,100 shares of the company’s stock valued at $37,484,000 after acquiring an additional 43,062 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Up 1.4 %

Shares of SNOW opened at $173.70 on Friday. The stock has a market cap of $58.22 billion, a PE ratio of -51.24 and a beta of 0.83. The business has a 50-day simple moving average of $124.88 and a two-hundred day simple moving average of $128.64. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72.

Analyst Ratings Changes

SNOW has been the subject of a number of analyst reports. Argus began coverage on shares of Snowflake in a research report on Tuesday, October 1st. They issued a “hold” rating for the company. Rosenblatt Securities restated a “buy” rating and issued a $180.00 price target on shares of Snowflake in a research note on Tuesday, November 19th. JMP Securities lowered their target price on shares of Snowflake from $235.00 to $190.00 and set a “market outperform” rating on the stock in a report on Thursday, August 22nd. Citigroup cut their price target on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research note on Monday, November 18th. Finally, Needham & Company LLC lifted their price target on Snowflake from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.09.

Insider Buying and Selling

In other Snowflake news, Director Frank Slootman sold 20,514 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $175.26, for a total value of $3,595,283.64. Following the completion of the sale, the director now directly owns 208,735 shares in the company, valued at approximately $36,582,896.10. This trade represents a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 558 shares of the stock in a transaction on Tuesday, September 10th. The shares were 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 of the company’s stock, valued at $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. Insiders have sold a total of 204,661 shares of company stock worth $32,004,752 in the last ninety days. Company insiders own 7.80% of the company’s stock.

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.