Fort Washington Investment Advisors Inc. OH Grows Position in Snowflake Inc. (NYSE:SNOW)

Fort Washington Investment Advisors Inc. OH increased its position in shares of Snowflake Inc. (NYSE:SNOW) by 34.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,462 shares of the company’s stock after purchasing an additional 5,022 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Snowflake were worth $3,005,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SNOW. Groupama Asset Managment bought a new stake in shares of Snowflake in the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new stake in Snowflake during 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. Perkins Coie Trust Co increased its stake in shares of Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after acquiring an additional 139 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Snowflake by 81.3% during the third quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock worth $39,000 after purchasing an additional 152 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SNOW. Bank of America raised their target price on shares of Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Wells Fargo & Company upgraded shares of Snowflake from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $150.00 to $200.00 in a research report on Tuesday, January 7th. 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. Barclays upgraded shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Friday, January 10th. Finally, Mizuho lifted their target price on shares of Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $188.06.

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total value of $1,811,550.00. Following the sale, the executive vice president now owns 706,755 shares in the company, valued at approximately $85,354,801.35. The trade was a 2.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frank Slootman sold 127,247 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the transaction, the director now directly owns 195,281 shares in the company, valued at $34,418,276.25. This trade represents a 39.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 504,151 shares of company stock worth $84,973,139 over the last 90 days. Insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

Shares of NYSE:SNOW opened at $174.77 on Friday. The business’s fifty day moving average price is $163.96 and its two-hundred day moving average price is $135.63. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $57.69 billion, a price-to-earnings ratio of -51.56 and a beta of 1.05. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72.

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.