Fort Washington Investment Advisors Inc. OH Purchases 4,976 Shares of Snowflake Inc. (NYSE:SNOW)

Fort Washington Investment Advisors Inc. OH increased its position in shares of Snowflake Inc. (NYSE:SNOW) by 52.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,440 shares of the company’s stock after buying an additional 4,976 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Snowflake were worth $1,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Accent Capital Management LLC bought a new position in shares of Snowflake during the 4th quarter worth approximately $25,000. LRI Investments LLC acquired a new position in Snowflake during the first quarter worth $29,000. FinTrust Capital Advisors LLC grew its position in Snowflake by 193.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 194 shares of the company’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. Riverview Trust Co acquired a new stake in Snowflake in the 1st quarter valued at $31,000. Finally, Hartford Financial Management Inc. bought a new stake in Snowflake during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SNOW. Morgan Stanley restated an “equal weight” rating and issued a $175.00 price objective on shares of Snowflake in a report on Thursday, August 22nd. Barclays dropped their price objective on Snowflake from $191.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Evercore ISI cut their target price on shares of Snowflake from $225.00 to $170.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. TD Cowen reduced their price target on Snowflake from $230.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, August 19th. Finally, Citigroup cut their price objective on shares of Snowflake from $236.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $176.03.

Insider Buying and Selling

In other news, insider Benoit Dageville sold 558 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $128.31, for a total value of $71,596.98. Following the sale, the insider now directly owns 63,222 shares of the company’s stock, valued at approximately $8,112,014.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Benoit Dageville sold 558 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $128.31, for a total value of $71,596.98. Following the transaction, the insider now directly owns 63,222 shares of the company’s stock, valued at approximately $8,112,014.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $120.00, for a total value of $1,800,000.00. Following the sale, the executive vice president now owns 718,773 shares in the company, valued at approximately $86,252,760. The disclosure for this sale can be found here. Insiders have sold a total of 527,678 shares of company stock valued at $65,491,235 over the last ninety days. 7.80% of the stock is owned by company insiders.

Snowflake Stock Up 0.1 %

NYSE SNOW traded up $0.07 on Friday, hitting $114.21. The company’s stock had a trading volume of 5,213,557 shares, compared to its average volume of 6,705,160. The firm has a market cap of $38.24 billion, a PE ratio of -40.79 and a beta of 0.85. The company’s 50-day moving average is $128.40 and its 200 day moving average is $150.82. Snowflake Inc. has a 1-year low of $107.93 and a 1-year high of $237.72.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The business had revenue of $868.80 million during the quarter, compared to the consensus estimate of $851.72 million. Snowflake had a negative return on equity of 18.86% and a negative net margin of 31.73%. Snowflake’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.52) earnings per share. On average, equities analysts expect that Snowflake Inc. will post -2.42 EPS for the current year.

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.