Brooklyn Investment Group Sells 203 Shares of Snowflake Inc. (NYSE:SNOW)

Brooklyn Investment Group decreased its position in shares of Snowflake Inc. (NYSE:SNOW) by 24.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 617 shares of the company’s stock after selling 203 shares during the quarter. Brooklyn Investment Group’s holdings in Snowflake were worth $95,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Snowflake by 26.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 268,985 shares of the company’s stock valued at $36,332,000 after purchasing an additional 56,027 shares during the period. Amalgamated Bank boosted its stake in shares of Snowflake by 1.1% in the second quarter. Amalgamated Bank now owns 21,368 shares of the company’s stock valued at $2,887,000 after buying an additional 241 shares during the period. Blair William & Co. IL grew its position in Snowflake by 2.3% during the second quarter. Blair William & Co. IL now owns 39,095 shares of the company’s stock worth $5,281,000 after buying an additional 889 shares in the last quarter. Intech Investment Management LLC increased its stake in Snowflake by 2.8% during the 2nd quarter. Intech Investment Management LLC now owns 18,922 shares of the company’s stock worth $2,556,000 after acquiring an additional 522 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its holdings in Snowflake by 3.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 41,872 shares of the company’s stock valued at $5,656,000 after acquiring an additional 1,560 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of recent analyst reports. Truist Financial restated a “buy” rating and issued a $210.00 price target on shares of Snowflake in a research report on Thursday, November 21st. Jefferies Financial Group raised their target price on shares of Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company upgraded shares of Snowflake from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $150.00 to $200.00 in a research report on Tuesday, January 7th. Bank of America boosted their price objective on shares of Snowflake from $160.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $190.00 target price on shares of Snowflake in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $188.06.

Snowflake Trading Up 1.9 %

NYSE SNOW opened at $170.89 on Monday. The stock has a market capitalization of $56.41 billion, a P/E ratio of -50.41 and a beta of 1.05. The business has a 50 day simple moving average of $161.11 and a 200 day simple moving average of $134.97. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72.

Insiders Place Their Bets

In other news, CRO Christopher William Degnan sold 12,782 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total value of $2,009,841.68. Following the completion of the sale, the executive now directly owns 311,999 shares in the company, valued at $49,058,722.76. This trade represents a 3.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Frank Slootman sold 45,896 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $176.06, for a total value of $8,080,449.76. Following the transaction, the director now directly owns 208,735 shares in the company, valued at approximately $36,749,884.10. This trade represents a 18.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 376,904 shares of company stock worth $62,545,855. Corporate insiders own 7.80% of the company’s stock.

Snowflake Company 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.