Public Employees Retirement System of Ohio Sells 1,127 Shares of Snowflake Inc. (NYSE:SNOW)

Public Employees Retirement System of Ohio reduced its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,087 shares of the company’s stock after selling 1,127 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Snowflake were worth $16,205,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SNOW. Modus Advisors LLC increased its holdings in shares of Snowflake by 3.9% in the 3rd quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after buying an additional 94 shares during the last quarter. Catalyst Private Wealth LLC grew its holdings in shares of Snowflake by 3.2% during the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock valued at $382,000 after purchasing an additional 104 shares during the last quarter. LRI Investments LLC grew its holdings in shares of Snowflake by 155.6% during the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after purchasing an additional 112 shares during the last quarter. Hoylecohen LLC grew its holdings in shares of Snowflake by 2.7% during the 2nd quarter. Hoylecohen LLC now owns 4,357 shares of the company’s stock valued at $589,000 after purchasing an additional 115 shares during the last quarter. Finally, Clear Creek Financial Management LLC grew its holdings in shares of Snowflake by 6.7% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock valued at $210,000 after purchasing an additional 115 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. StockNews.com lowered shares of Snowflake from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. Evercore ISI raised their price target on shares of Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company raised their price target on shares of Snowflake from $125.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Finally, Bank of America raised their price target on shares of Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $183.89.

Snowflake Trading Down 5.1 %

Shares of NYSE:SNOW opened at $171.53 on Wednesday. Snowflake Inc. has a 12-month low of $107.13 and a 12-month 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 stock has a 50 day moving average of $134.22 and a 200 day moving average of $129.04. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the completion of the transaction, the executive vice president now directly owns 691,755 shares of the company’s stock, valued at $124,515,900. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 59,617 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $176.25, for a total transaction of $10,507,496.25. Following the sale, the director now directly owns 208,735 shares of the company’s stock, valued at $36,789,543.75. This represents a 22.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 292,114 shares of company stock worth $47,587,279. Company insiders own 7.80% of the company’s stock.

Snowflake 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.