Clarius Group LLC Buys 17,257 Shares of Snowflake Inc. (NYSE:SNOW)

Clarius Group LLC increased its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 93.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,631 shares of the company's stock after purchasing an additional 17,257 shares during the quarter. Clarius Group LLC's holdings in Snowflake were worth $5,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Snowflake by 26.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 268,985 shares of the company's stock worth $36,332,000 after purchasing an additional 56,027 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Snowflake by 3.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,865 shares of the company's stock valued at $792,000 after buying an additional 180 shares during the period. Amalgamated Bank raised its stake in Snowflake by 1.1% in the second quarter. Amalgamated Bank now owns 21,368 shares of the company's stock worth $2,887,000 after buying an additional 241 shares in the last quarter. Blair William & Co. IL lifted its holdings in Snowflake by 2.3% in the second quarter. Blair William & Co. IL now owns 39,095 shares of the company's stock worth $5,281,000 after buying an additional 889 shares during the period. Finally, Intech Investment Management LLC boosted its position in Snowflake by 2.8% during the 2nd quarter. Intech Investment Management LLC now owns 18,922 shares of the company's stock valued at $2,556,000 after acquiring an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insider Activity

In other news, Director Frank Slootman sold 45,896 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $176.06, for a total value of $8,080,449.76. Following the completion of the sale, the director now directly owns 208,735 shares of the company's stock, valued at $36,749,884.10. This represents a 18.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 558 shares of Snowflake stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total transaction of $99,882.00. Following the transaction, the executive vice president now owns 690,647 shares in the company, valued at approximately $123,625,813. This trade represents a 0.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 376,904 shares of company stock valued at $62,545,855 in the last 90 days. Company insiders own 7.80% of the company's stock.

Snowflake Stock Performance

SNOW stock traded up $3.25 during midday trading on Friday, reaching $170.89. 4,156,568 shares of the company's stock traded hands, compared to its average volume of 3,873,271. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72. The stock has a market cap of $56.41 billion, a P/E ratio of -50.41 and a beta of 1.05. The stock's 50-day moving average is $161.11 and its 200 day moving average is $134.97.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SNOW. Loop Capital raised their target price on Snowflake from $185.00 to $205.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Truist Financial reissued a "buy" rating and set a $210.00 price objective on shares of Snowflake in a research report on Thursday, November 21st. Scotiabank upped their target price on shares of Snowflake from $170.00 to $220.00 and gave the stock a "sector outperform" rating in a research report on Monday, December 9th. Evercore ISI lifted their price target on shares of Snowflake from $170.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Finally, Mizuho upped their price objective on shares of Snowflake from $165.00 to $195.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Snowflake currently has an average rating of "Moderate Buy" and a consensus target price of $188.06.

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.