NEW YORK, March 27, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Snowflake Inc. (NYSE:SNOW).
Shareholders who purchased shares of SNOW during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/snowflake-loss-submission-form/?id=72822&from=3
CLASS PERIOD: September 16, 2020 to March 2, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (a) Snowflake had systematically oversold capacity to customers which created a misleading appearance of the demand for Snowflake's products and services; (b) Snowflake had provided significant discounts to its customers prior to the Initial Public Offering (IPO) that temporarily boosted sales but would not be sustainable ...