Snowflake Inc. (SNOW) Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses

SAN DIEGO – Johnson Fistel, PLLP is investigating whether Snowflake Inc. (NYSE: SNOW) or its executive officers complied with the federal securities laws. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.

What if I purchased Snowflake securities?

Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471.
There is no cost or obligation to you.

Background of the Investigation

On February 28, 2024, after the market closed, Snowflake announced its financial results for the fourth quarter and full fiscal year 2024, along with financial guidance for the full fiscal year 2025. During the accompanying earnings call, Company management discussed changes in customer behavior and the impact of certain product-related developments, which adversely affected the Company’s outlook.

Following these disclosures, Snowflake’s stock price declined sharply. On February 29, 2024, the Company’s shares fell from a prior closing price of approximately $230.00 per share to close at $188.28 per share, a decline of $41.72 per share, or more than 18%, resulting in significant losses for investors.

In light of this disclosure, Johnson Fistel is investigating whether Snowflake Inc. complied with the federal securities laws. If you suffered losses from your investment in Snowflake stock, contact Johnson Fistel.