Snowflake Inc. (NYSE:SNOW) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 1,444.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 389,756 shares of the company's stock after purchasing an additional 364,525 shares during the period. Janus Henderson Group PLC owned 0.12% of Snowflake worth $60,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SNOW. Prospect Financial Services LLC purchased a new position in shares of Snowflake during the 4th quarter worth $288,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Snowflake by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company's stock worth $104,028,000 after purchasing an additional 8,857 shares during the period. Bourgeon Capital Management LLC purchased a new position in shares of Snowflake during the 4th quarter worth about $5,851,000. Stephens Consulting LLC boosted its position in Snowflake by 7,407.4% in the 4th quarter. Stephens Consulting LLC now owns 2,027 shares of the company's stock valued at $313,000 after buying an additional 2,000 shares during the period. Finally, Kirtland Hills Capital Management LLC lifted its position in shares of Snowflake by 40.1% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 15,920 shares of the company's stock worth $2,458,000 after purchasing an additional 4,559 shares during the period. Institutional investors own 65.10% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on SNOW. Wolfe Research upgraded shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price objective for the company in a research note on Tuesday, February 18th. Mizuho raised their price target on shares of Snowflake from $190.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday. Macquarie initiated coverage on shares of Snowflake in a report on Wednesday, April 2nd. They set a "neutral" rating and a $160.00 price objective on the stock. Daiwa America raised shares of Snowflake to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Guggenheim restated a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $200.28.

Insiders Place Their Bets

In other news, Director Michael L. Speiser sold 403 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $168.01, for a total value of $67,708.03. Following the completion of the transaction, the director now owns 25,972 shares of the company's stock, valued at $4,363,555.72. The trade was a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $168.00, for a total transaction of $1,680,000.00. Following the completion of the transaction, the executive vice president now directly owns 580,632 shares of the company's stock, valued at approximately $97,546,176. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 356,963 shares of company stock worth $58,204,058 in the last ninety days. 7.80% of the stock is owned by corporate insiders.

Snowflake Price Performance

NYSE SNOW traded up $0.04 during trading hours on Friday, hitting $183.01. 3,414,758 shares of the company's stock traded hands, compared to its average volume of 6,405,778. The firm's 50-day moving average is $155.65 and its 200-day moving average is $161.03. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. 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 company has a market capitalization of $60.41 billion, a PE ratio of -53.98 and a beta of 1.11.

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.