William Blair Investment Management Reduces $55M in Snowflake Inc. ($SNOW)
Key Points
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
William Blair Investment Management reduced its position in Snowflake Inc. ($SNOW) by 16.29% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,127,525 shares of Snowflake Inc. after selling 219,473 shares during the quarter. William Blair Investment Management's holdings in Snowflake Inc. were worth $283.74 million as of its most recent filing.
Snowflake Inc. Stock Down 23.3%
Shares of Snowflake Inc. ($SNOW) traded around $251.65 on Saturday, down 23.3% for the day.
Snowflake Inc. Earnings
Analysts Set New Price Targets
About Snowflake Inc.
Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. The company's platform includes artificial intelligence (AI) Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data applications, and share data and data products, as well as applies AI for solving business problems. It serves financial services, advertising, media and entertainment, retail and consumer goods, healthcare and life sciences, manufacturing, technology, telecom, travel and hospitality, and government and defense industries, as well as the public sector. the company has a collaboration with OpenAI, L.L.C. for the development of AI solutions for joint enterprise customers that deliver tangible return on investment. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Menlo Park, California.
Get Snowflake Inc. alerts
New 13F filings, insider trades, and analyst moves on $SNOW, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.