Snowflake Inc. Common Stock (NYSE: SNOW)
13 Days left to seek lead plaintiff status.
The Complaint alleges that during the Class Period, Defendants repeatedly made positive statements about the state of its business, including positive statements about customer usage of, and new developments for, its products. At the same time, Defendants failed to disclose that: (i) product efficiency gains, Iceberg Tables and tiered storage pricing were expected to have a material negative impact on consumption and revenues, and (ii) as a result, Defendants' positive statements about consumption patterns, revenues, and demand for Snowflake products lacked a reasonable basis. The Complaint further alleges that during the Class Period, Defendants denied rumors of Defendant Slootman's resignation and failed to disclose that Defendant Slootman's resignation was impending.