Kraematon Investment Advisors Inc. Makes New Investment in Snowflake Inc. (NYSE:SNOW)

Kraematon Investment Advisors Inc. acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,555 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SNOW. Ontario Teachers Pension Plan Board raised its stake in Snowflake by 19,399.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after buying an additional 2,559,144 shares during the period. Two Sigma Advisers LP raised its position in shares of Snowflake by 27.9% during the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after purchasing an additional 881,700 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Snowflake by 210.0% in the 2nd quarter. AQR Capital Management LLC now owns 974,576 shares of the company’s stock worth $131,656,000 after purchasing an additional 660,168 shares in the last quarter. SG Americas Securities LLC grew its position in Snowflake by 471.9% in the 3rd quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock valued at $87,489,000 after purchasing an additional 628,511 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Snowflake by 12,318.3% during the 3rd quarter. International Assets Investment Management LLC now owns 530,883 shares of the company’s stock valued at $60,977,000 after purchasing an additional 526,608 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SNOW shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. StockNews.com downgraded Snowflake from a “hold” rating to a “sell” rating in a research note on Thursday. Wedbush cut Snowflake from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Evercore ISI boosted 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. Finally, KeyCorp upped their price objective on Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $187.69.

Snowflake Trading Up 1.3 %

Shares of SNOW stock opened at $167.90 on Friday. The firm has a market cap of $55.43 billion, a P/E ratio of -49.53 and a beta of 1.05. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72. The business has a 50-day moving average price of $159.22 and a two-hundred day moving average price of $134.60.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the sale, the executive vice president now owns 706,755 shares of the company’s stock, valued at $85,354,801.35. This represents a 2.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Christopher William Degnan sold 76,692 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $168.42, for a total value of $12,916,466.64. Following the transaction, the executive now directly owns 346,741 shares of the company’s stock, valued at $58,398,119.22. The trade was a 18.11 % 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 over the last quarter. 7.80% of the stock is owned by corporate insiders.

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.