Fort Washington Investment Advisors Inc. OH Acquires 5,022 Shares of Snowflake Inc. (NYSE:SNOW)

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 34.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,462 shares of the company’s stock after acquiring an additional 5,022 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Snowflake were worth $3,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Groupama Asset Managment purchased a new position in shares of Snowflake during the 3rd quarter valued at $25,000. Perkins Coie Trust Co grew its position in shares of Snowflake by 136.3% during the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Snowflake during the 3rd quarter valued at $30,000. Fortitude Family Office LLC purchased a new position in Snowflake in the third quarter worth $34,000. Finally, Larson Financial Group LLC grew its position in Snowflake by 81.3% in the third quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock worth $39,000 after acquiring an additional 152 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling

In other news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the sale, the executive vice president now directly owns 706,755 shares in the company, valued at $85,354,801.35. This trade represents a 2.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Christopher William Degnan sold 76,692 shares of Snowflake stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $168.42, for a total transaction of $12,916,466.64. Following the completion of the sale, the executive now owns 346,741 shares in the company, valued at approximately $58,398,119.22. This represents a 18.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 504,151 shares of company stock worth $84,973,139. 7.80% of the stock is owned by insiders.

Snowflake Trading Down 1.5 %

Shares of SNOW stock opened at $174.77 on Friday. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm’s 50 day moving average is $163.96 and its 200 day moving average is $135.63. The stock has a market capitalization of $57.69 billion, a P/E ratio of -51.56 and a beta of 1.05.

Wall Street Analyst Weigh In

SNOW has been the subject of several research reports. Piper Sandler upped their target price on shares of Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Monness Crespi & Hardt upped their price target on shares of Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Truist Financial restated a “buy” rating and set a $210.00 price target on shares of Snowflake in a research report on Thursday, November 21st. Oppenheimer upped their price objective on shares of Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Finally, Evercore ISI upped their price objective on shares of Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $188.06.

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.