American Century Companies Inc. Has $115.82 Million Stock Holdings in Snowflake Inc. (NYSE:SNOW)

American Century Companies Inc. lowered its stake in Snowflake Inc. (NYSE:SNOW) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 750,110 shares of the company’s stock after selling 13,350 shares during the quarter. American Century Companies Inc. owned approximately 0.23% of Snowflake worth $115,824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SNOW. Jennison Associates LLC lifted its stake in Snowflake by 92.2% in the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock valued at $1,179,230,000 after acquiring an additional 3,662,671 shares during the last quarter. State Street Corp lifted its stake in Snowflake by 0.8% in the 3rd quarter. State Street Corp now owns 6,867,097 shares of the company’s stock valued at $788,755,000 after purchasing an additional 54,909 shares during the last quarter. Geode Capital Management LLC lifted its stake in Snowflake by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company’s stock valued at $475,894,000 after purchasing an additional 138,663 shares during the last quarter. Two Sigma Advisers LP grew its holdings in 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Snowflake by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,935,779 shares of the company’s stock worth $222,344,000 after buying an additional 51,366 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SNOW. Jefferies Financial Group lifted their target price on Snowflake from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. KeyCorp lifted their price objective on shares of Snowflake from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Monness Crespi & Hardt upped their price target on shares of Snowflake from $188.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Bank of America raised their price objective on shares of Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $205.08.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the sale, the executive vice president now directly owns 552,930 shares in the company, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Emily Ho sold 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total transaction of $246,060.36. Following the completion of the transaction, the chief accounting officer now owns 44,760 shares of the company’s stock, valued at approximately $7,303,489.20. This trade represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,568 shares of company stock worth $49,923,480 over the last quarter. Corporate insiders own 7.80% of the company’s stock.

Snowflake Trading Up 0.5 %

Shares of Snowflake stock opened at $157.94 on Monday. The firm’s 50 day moving average is $172.74 and its 200 day moving average is $149.89. The firm has a market capitalization of $52.14 billion, a PE ratio of -46.59 and a beta of 1.07. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $194.40. 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 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.