William Blair Investment Management Reduces $52M in Snowflake Inc. ($SNOW)
Key Points
- William Blair Investment Management changed its Snowflake Inc. ($SNOW) stake by 16.3% last quarter, cutting to 1,127,525 shares worth $267.17 million.
- Wall Street's consensus rating on $SNOW is Strong Buy and an average price target of $291.70.
- $SNOW last traded around $236.96.
William Blair Investment Management reduced its position in Snowflake Inc. ($SNOW) by 16.3% 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 $267.17 million as of its most recent filing.
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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.
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