Snowflake Inc. (NYSE: $SNOW) operates as a data cloud company, offering a platform that serves as the technological backbone for the data cloud. The platform empowers users to centralize data into a singular, reliable source to derive meaningful business insights, construct data applications, and facilitate the sharing of data and data products.
Snowflake Inc. is versatile, supporting various workloads such as data warehousing, data lakes, Unistore, collaboration, data engineering, cybersecurity, data science, and machine learning, as well as application development.
The technology developed by Snowflake Inc. encompasses key elements across its platform, including managed services, storage, query capabilities, compute models, data sharing, global infrastructure, and integrated security.
The company also ensures frictionless and regulated data access, enabling users to securely share data both within and outside their organizations, typically without the need to copy or move the underlying data.
Geode Capital Management LLC Has $544.41 Million Holdings in Snowflake Inc. (NYSE:SNOW)
During the second quarter, Geode Capital Management LLC increased its holdings in Snowflake Inc. by 3.7%, as disclosed in its latest filing with the Securities & Exchange Commission. The institutional investor acquired an additional 109,914 shares during the quarter, bringing its total ownership to 3,099,861 shares.
At the conclusion of the reporting period, Geode Capital Management LLC held approximately 0.95% of Snowflake, with a calculated value of $544,406,000.
Other notable institutional investors have also engaged in transactions involving Snowflake shares. PNC Financial Services Group Inc. raised its stake by 79.2% in the first quarter, now owning 4,293 shares valued at $984,000. MetLife Investment Management LLC initiated a new position in Snowflake during the first quarter, with an estimated value of approximately $2,880,000.
Panagora Asset Management Inc. increased its position by 24.8% in the first quarter, now holding 2,718 shares valued at $623,000. Raymond James Trust N.A. established a new position valued at about $362,000 in the same period.
Additionally, Cibc World Market Inc. elevated its position by 37.2% in the first quarter, with ownership of 13,959 shares valued at $3,198,000. Notably, institutional investors and hedge funds collectively own 63.74% of Snowflake’s stock.
Insider Buying and Selling at Snowflake
On Monday, September 11th, senior vice president Grzegorz Czajkowski executed a transaction, selling 694 shares of the company’s stock at an average price of $166.27, resulting in a total value of $115,391.38.
Post-sale, Grzegorz holds 54,701 shares of the company’s stock, with an estimated value of $9,095,135.27. This transaction was disclosed in compliance with a legal filing submitted to the Securities & Exchange Commission.
In a related development, CEO Frank Slootman also sold 1,311 shares of Snowflake stock on the same date, September 11th, at an average price of $170.07. The total transaction amounted to $222,961.77.
Following this sale, the chief executive officer now possesses 182,913 shares of the company’s stock, valued at $31,108,013.91.
Is $SNOW a listed company?
Upon initiating an IPO (initial public offering), a company transitions into a public entity, allowing its shares to be traded on the stock exchange. Consequently, Snowflake has been a publicly traded company since the year 2020.
Who owns the Snowflake company?
Founded in July 2012 in San Mateo, California, Snowflake Inc. was established by three experts in data warehousing: Benoît Dageville, Thierry Cruanes, and Marcin Żukowski.
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