Snowflake Inc. (NYSE:SNOW) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in Snowflake Inc. (NYSE:SNOW) by 0.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 141,087 shares of the company’s stock after selling 1,127 shares during the period. Public Employees Retirement System of Ohio’s holdings in Snowflake were worth $16,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. LRI Investments LLC grew its stake in shares of Snowflake by 155.6% during the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock worth $25,000 after purchasing an additional 112 shares during the period. Wellington Shields Capital Management LLC acquired a new stake in shares of Snowflake during the 2nd quarter worth approximately $27,000. Groupama Asset Managment acquired a new stake in shares of Snowflake during the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Snowflake during the 3rd quarter worth approximately $30,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Snowflake during the 3rd quarter worth approximately $34,000. 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. Robert W. Baird decreased 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. Barclays lifted their price target on Snowflake from $172.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Hsbc Global Res upgraded Snowflake from a “moderate sell” rating to a “hold” rating in a report on Friday, August 23rd. Citigroup reduced their price target on Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a report on Monday, November 18th. Finally, Truist Financial reiterated a “buy” rating and set a $210.00 price target on shares of Snowflake in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and an average price target of $183.89.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the executive vice president now owns 691,755 shares in the company, valued at $124,515,900. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Emily Ho sold 2,021 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $173.68, for a total value of $351,007.28. Following the sale, the chief accounting officer now owns 26,874 shares of the company’s stock, valued at approximately $4,667,476.32. The trade was a 6.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 292,114 shares of company stock valued at $47,587,279. 7.80% of the stock is currently owned by corporate insiders.

Snowflake Stock Performance

Shares of Snowflake stock opened at $171.53 on Wednesday. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The company has a market cap of $56.62 billion, a PE ratio of -50.60 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The business has a 50-day simple moving average of $134.22 and a 200-day simple moving average of $129.04.

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.