Calton & Associates Inc. Makes New $401,000 Investment in Snowflake Inc. (NYSE:SNOW)

Calton & Associates Inc. bought a new stake in Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,600 shares of the company’s stock, valued at approximately $401,000.

Several other hedge funds have also made changes to their positions in the company. Ontario Teachers Pension Plan Board increased its stake in Snowflake by 19,399.2% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after acquiring an additional 2,559,144 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Snowflake by 27.9% during the 3rd 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. SG Americas Securities LLC increased its position in shares of Snowflake by 471.9% during the 3rd quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock worth $87,489,000 after purchasing an additional 628,511 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Snowflake by 12,318.3% in the 3rd quarter. International Assets Investment Management LLC now owns 530,883 shares of the company’s stock valued at $60,977,000 after buying an additional 526,608 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Snowflake by 96.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,045,409 shares of the company’s stock valued at $120,076,000 after buying an additional 513,214 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In other news, CAO Emily Ho sold 2,021 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $173.68, for a total transaction of $351,007.28. Following the completion of the transaction, the chief accounting officer now owns 26,874 shares in the company, valued at approximately $4,667,476.32. This represents a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank Slootman sold 127,247 shares of Snowflake stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the completion of the sale, the director now owns 195,281 shares in the company, valued at approximately $34,418,276.25. This represents a 39.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 504,151 shares of company stock worth $84,973,139 over the last 90 days. Insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SNOW. Jefferies Financial Group lifted their target price on shares of Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price objective on shares of Snowflake in a report on Tuesday, November 19th. Cantor Fitzgerald began coverage on Snowflake in a report on Friday, January 17th. They set an “overweight” rating and a $201.00 target price for the company. KeyCorp boosted their price target on shares of Snowflake from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Wedbush raised shares of Snowflake from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average price target of $188.06.

Snowflake Trading Down 1.9 %

Shares of NYSE SNOW opened at $179.42 on Friday. The stock’s 50 day moving average price is $169.02 and its two-hundred day moving average price is $137.06. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

About Snowflake

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.