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

American Century Companies Inc. cut its position in shares of Snowflake Inc. (NYSE:SNOW) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 750,110 shares of the company’s stock after selling 13,350 shares during the quarter. American Century Companies Inc.’s holdings in Snowflake were worth $115,824,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vestor Capital LLC bought a new stake in Snowflake in the fourth quarter worth approximately $13,319,000. Virtu Financial LLC acquired a new stake in shares of Snowflake during the 4th quarter worth approximately $5,755,000. ZEGA Investments LLC acquired a new stake in shares of Snowflake during the 4th quarter worth approximately $531,000. TD Private Client Wealth LLC increased its stake in shares of Snowflake by 32.6% in the 4th quarter. TD Private Client Wealth LLC now owns 764 shares of the company’s stock valued at $118,000 after acquiring an additional 188 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in shares of Snowflake during the 4th quarter valued at $6,975,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Trading Up 0.5 %

NYSE:SNOW 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. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40. The stock has a market capitalization of $52.14 billion, a PE ratio of -46.59 and a beta of 1.07. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insider Buying and Selling at Snowflake

In other news, CAO Emily Ho sold 1,508 shares of Snowflake stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total value of $246,060.36. Following the completion of the transaction, the chief accounting officer now owns 44,760 shares in the company, valued at $7,303,489.20. This trade represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 552,930 shares in the company, valued at approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,568 shares of company stock worth $49,923,480 over the last ninety days. 7.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Cantor Fitzgerald raised their price target on shares of Snowflake from $201.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. UBS Group raised their target price on Snowflake from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Rosenblatt Securities raised their price objective on Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, Truist Financial restated a “buy” rating and set a $225.00 price objective (up previously from $210.00) on shares of Snowflake in a report on Thursday, February 27th. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $205.08.

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.