Pathstone Holdings LLC Sells 2,752 Shares of Snowflake Inc. (NYSE:SNOW)

Pathstone Holdings LLC trimmed its position in shares of Snowflake Inc. (NYSE:SNOW) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the 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 reporting period.

A number of other institutional investors have also modified their holdings of SNOW. LRI Investments LLC increased its position in Snowflake by 155.6% during the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after buying an additional 112 shares in the last quarter. Wellington Shields Capital Management LLC purchased a new position in shares of Snowflake in the 2nd quarter valued at approximately $27,000. V Square Quantitative Management LLC acquired a new stake in Snowflake in the 3rd quarter worth approximately $30,000. Fortitude Family Office LLC purchased a new stake in Snowflake during the 3rd quarter worth approximately $34,000. Finally, Opal Wealth Advisors LLC acquired a new position in Snowflake during the 2nd quarter valued at approximately $39,000. 65.10% of the stock is currently owned by institutional investors.

Insider Activity at Snowflake

In other Snowflake news, Director Frank Slootman sold 1,606 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total value of $176,595.76. Following the completion of the sale, the director now directly owns 218,246 shares of the company’s stock, valued at $23,998,330.16. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 558 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total transaction 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. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,538 shares of company stock valued at $7,061,544. 7.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SNOW shares. Robert W. Baird cut their target price on Snowflake from $200.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Morgan Stanley restated an “equal weight” rating and issued a $175.00 price objective on shares of Snowflake in a research note on Thursday, August 22nd. Hsbc Global Res upgraded shares of Snowflake from a “moderate sell” rating to a “hold” rating in a report on Friday, August 23rd. StockNews.com upgraded shares of Snowflake from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price objective on shares of Snowflake in a research note on Tuesday, November 19th. One 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $180.23.

Snowflake Trading Down 2.3 %

Shares of NYSE SNOW opened at $167.44 on Monday. The company has a 50-day moving average of $120.06 and a 200 day moving average of $127.80. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. The stock has a market cap of $56.13 billion, a PE ratio of -49.39 and a beta of 0.83.

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.