Rosen Law Firm Files Class Action Against Snowflake Inc.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 25 2026
0mins
Should l Buy SNOW?
Source: Businesswire
- Lawsuit Background: Rosen Law Firm has initiated a class action lawsuit on behalf of investors who purchased Class A common stock of Snowflake Inc. (NYSE: SNOW) between June 27, 2023, and February 28, 2024, alleging that the company misled investors regarding its business operations, resulting in investor losses.
- Allegations Details: The lawsuit claims that during the class period, Snowflake made repeated positive statements about customer usage and product developments while failing to disclose that efficiency gains and pricing strategies were expected to negatively impact consumption and revenues, rendering their positive statements baseless.
- Investor Losses: As the true details emerged, investors suffered damages, and the lawsuit seeks compensation for affected shareholders, highlighting potential misconduct in the company's information disclosure practices.
- Next Steps: Shareholders wishing to serve as lead plaintiffs in the class action must file motions with the court by April 27, 2026, emphasizing the importance of corporate governance and transparency to protect shareholder rights.
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Analyst Views on SNOW
Wall Street analysts forecast SNOW stock price to rise
33 Analyst Rating
30 Buy
3 Hold
0 Sell
Strong Buy
Current: 175.400
Low
237.00
Averages
278.19
High
312.00
Current: 175.400
Low
237.00
Averages
278.19
High
312.00
About SNOW
Snowflake Inc. is a data cloud and artificial intelligence company. Its platform is the technology that powers the AI Data Cloud, enabling customers to consolidate data into a single source of truth to drive meaningful insights, apply artificial intelligence (AI) to solve business problems, build data applications, and share data and data products. It provides its platform through a customer-centric, and consumption-based business model. Its cloud-native architecture consists of three independently scalable but logically integrated layers across compute, storage, and cloud services. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data to create a unified data record. Its ClearQuery platform allows users to rapidly search, explore, and analyze their data using natural language queries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Product Revenue Growth: Snowflake's product revenue grew 30% year-over-year to $1.23 billion in the latest quarter, demonstrating strong business momentum driven by artificial intelligence, despite a 23% decline in stock price year-to-date.
- Surge in Remaining Performance Obligations: The company's remaining performance obligations (RPO) reached $9.77 billion in fiscal Q4, representing a 42% year-over-year increase, indicating robust demand for Snowflake's platform and significant future revenue potential.
- Increased Customer Spending: Snowflake's net revenue retention rate remained at 125%, reflecting steady increases in spending from existing customers, which underscores the company's strong appeal and market position among its client base.
- Profitability Challenges: Despite impressive revenue growth, Snowflake reported a GAAP operating loss of $318.2 million, highlighting challenges in profitability, which necessitates careful evaluation of its high valuation risks by investors.
See More
Faruqi & Faruqi Encourages Snowflake Investors to Reach Out
- Legal Investigation: Faruq & Faruq LLP is investigating potential claims against Snowflake Inc., particularly for investors who purchased or acquired securities between June 27, 2023, and February 28, 2024.
- Investor Rights Reminder: The firm reminds investors that April 27, 2026, is the deadline to seek the role of lead plaintiff in a federal securities class action, which may affect their legal options.
- Direct Contact Channels: Investors can reach out directly to Faruq & Faruq partner Josh Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss their legal rights and options.
- Potential Impact Assessment: This investigation could negatively impact Snowflake's stock price and investor confidence, especially given the uncertainty surrounding the lawsuit's outcome, prompting investors to carefully assess their holding risks.
See More
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- Accelerating Revenue Growth: Snowflake's product revenue for fiscal Q4 2026 rose 30% year-over-year to $1.23 billion, accelerating from 29% growth in the previous quarter, indicating strong business performance amid the AI surge.
- AI-Driven Demand: Over 9,100 customer accounts are utilizing Snowflake's AI offerings, with the CEO stating that the company is at the center of the enterprise AI revolution, highlighting the rapidly increasing demand for data processing.
- Significant Backlog Growth: Snowflake's remaining performance obligations reached $9.77 billion in fiscal Q4 2026, representing a 42% year-over-year increase and marking the second consecutive quarter of accelerating growth, showcasing strong future revenue potential.
- Profitability Challenges: Despite robust revenue, Snowflake reported a GAAP operating loss of $318.2 million, and while its non-GAAP operating margin reached 11%, the high stock-based compensation remains a burden, prompting investors to carefully consider its high valuation risks.
See More
Reminder of Class Action Lawsuit for Snowflake Inc.
- Class Action Notification: Rosen Law Firm reminds investors who purchased Snowflake Inc. (NYSE: SNOW) Class A common stock between June 27, 2023, and February 28, 2024, to apply as lead plaintiffs by April 27, 2026, to potentially receive compensation without any out-of-pocket fees.
- Lawsuit Background: The lawsuit alleges that Snowflake made repeated positive statements about its business during the class period while failing to disclose that product efficiency gains and pricing strategies would materially negatively impact consumption and revenues, leading to investor losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest securities class action settlement against a Chinese company, ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its extensive experience and success in this field.
- Investor Guidance: Investors are advised to select qualified counsel with a proven track record, avoiding firms that merely act as intermediaries, to ensure effective legal representation and support in the class action process.
See More
Snowflake Faces Class Action Lawsuit Over Securities Violations
- Class Action Filed: Bronstein, Gewirtz & Grossman, LLC has initiated a class action lawsuit against Snowflake Inc. to recover damages for investors who purchased securities between June 27, 2023, and February 28, 2024, highlighting significant investor concerns regarding the company's financial health.
- Allegations Detailed: The complaint alleges that Snowflake made repeated positive statements during the class period while failing to disclose that product efficiency gains and pricing strategies were expected to negatively impact revenues, leading to a misjudgment of the company's prospects by investors.
- Executive Resignation Concealment: The lawsuit also points out that rumors regarding the resignation of executive Slootman were not disclosed, raising further questions about the transparency of corporate governance and potentially undermining future investor confidence.
- Investor Action Encouraged: Affected investors are urged to apply to be lead plaintiffs by April 27, 2026, indicating that this case could have far-reaching implications for Snowflake's stock price and market reputation.
See More
Class Action Notice for Snowflake Inc. Investors
- Class Action Deadline: Rosen Law Firm reminds investors who purchased Snowflake Inc. (NYSE:SNOW) Class A common stock between June 27, 2023, and February 28, 2024, that they must apply to be lead plaintiff by April 27, 2026, or risk losing their right to compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket expenses, as all costs will be covered through a contingency fee arrangement, thereby reducing financial burdens and encouraging broader participation from affected investors.
- Lawsuit Background: The lawsuit alleges that Snowflake made positive statements about its business during the class period while failing to disclose negative impacts on consumption and revenues from product efficiency gains, indicating potential risks related to inadequate information disclosure that led to investor losses when the truth emerged.
- Law Firm's Strength: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its expertise and resource advantages in handling such cases.
See More
Snowflake Reports 30% Year-over-Year Product Revenue Growth Amid AI Tailwinds
- Product Revenue Growth: Snowflake's product revenue grew 30% year-over-year to $1.23 billion in the latest quarter, demonstrating strong business momentum driven by artificial intelligence, despite a 23% decline in stock price year-to-date.
- Surge in Remaining Performance Obligations: The company's remaining performance obligations (RPO) reached $9.77 billion in fiscal Q4, representing a 42% year-over-year increase, indicating robust demand for Snowflake's platform and significant future revenue potential.
- Increased Customer Spending: Snowflake's net revenue retention rate remained at 125%, reflecting steady increases in spending from existing customers, which underscores the company's strong appeal and market position among its client base.
- Profitability Challenges: Despite impressive revenue growth, Snowflake reported a GAAP operating loss of $318.2 million, highlighting challenges in profitability, which necessitates careful evaluation of its high valuation risks by investors.
See More
Faruqi & Faruqi Encourages Snowflake Investors to Reach Out
- Legal Investigation: Faruq & Faruq LLP is investigating potential claims against Snowflake Inc., particularly for investors who purchased or acquired securities between June 27, 2023, and February 28, 2024.
- Investor Rights Reminder: The firm reminds investors that April 27, 2026, is the deadline to seek the role of lead plaintiff in a federal securities class action, which may affect their legal options.
- Direct Contact Channels: Investors can reach out directly to Faruq & Faruq partner Josh Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss their legal rights and options.
- Potential Impact Assessment: This investigation could negatively impact Snowflake's stock price and investor confidence, especially given the uncertainty surrounding the lawsuit's outcome, prompting investors to carefully assess their holding risks.
See More
Snowflake Shares Down 23% Despite Strong Business Momentum
- Accelerating Revenue Growth: Snowflake's product revenue for fiscal Q4 2026 rose 30% year-over-year to $1.23 billion, accelerating from 29% growth in the previous quarter, indicating strong business performance amid the AI surge.
- AI-Driven Demand: Over 9,100 customer accounts are utilizing Snowflake's AI offerings, with the CEO stating that the company is at the center of the enterprise AI revolution, highlighting the rapidly increasing demand for data processing.
- Significant Backlog Growth: Snowflake's remaining performance obligations reached $9.77 billion in fiscal Q4 2026, representing a 42% year-over-year increase and marking the second consecutive quarter of accelerating growth, showcasing strong future revenue potential.
- Profitability Challenges: Despite robust revenue, Snowflake reported a GAAP operating loss of $318.2 million, and while its non-GAAP operating margin reached 11%, the high stock-based compensation remains a burden, prompting investors to carefully consider its high valuation risks.
See More
Reminder of Class Action Lawsuit for Snowflake Inc.
- Class Action Notification: Rosen Law Firm reminds investors who purchased Snowflake Inc. (NYSE: SNOW) Class A common stock between June 27, 2023, and February 28, 2024, to apply as lead plaintiffs by April 27, 2026, to potentially receive compensation without any out-of-pocket fees.
- Lawsuit Background: The lawsuit alleges that Snowflake made repeated positive statements about its business during the class period while failing to disclose that product efficiency gains and pricing strategies would materially negatively impact consumption and revenues, leading to investor losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest securities class action settlement against a Chinese company, ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its extensive experience and success in this field.
- Investor Guidance: Investors are advised to select qualified counsel with a proven track record, avoiding firms that merely act as intermediaries, to ensure effective legal representation and support in the class action process.
See More
Snowflake Faces Class Action Lawsuit Over Securities Violations
- Class Action Filed: Bronstein, Gewirtz & Grossman, LLC has initiated a class action lawsuit against Snowflake Inc. to recover damages for investors who purchased securities between June 27, 2023, and February 28, 2024, highlighting significant investor concerns regarding the company's financial health.
- Allegations Detailed: The complaint alleges that Snowflake made repeated positive statements during the class period while failing to disclose that product efficiency gains and pricing strategies were expected to negatively impact revenues, leading to a misjudgment of the company's prospects by investors.
- Executive Resignation Concealment: The lawsuit also points out that rumors regarding the resignation of executive Slootman were not disclosed, raising further questions about the transparency of corporate governance and potentially undermining future investor confidence.
- Investor Action Encouraged: Affected investors are urged to apply to be lead plaintiffs by April 27, 2026, indicating that this case could have far-reaching implications for Snowflake's stock price and market reputation.
See More
Class Action Notice for Snowflake Inc. Investors
- Class Action Deadline: Rosen Law Firm reminds investors who purchased Snowflake Inc. (NYSE:SNOW) Class A common stock between June 27, 2023, and February 28, 2024, that they must apply to be lead plaintiff by April 27, 2026, or risk losing their right to compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket expenses, as all costs will be covered through a contingency fee arrangement, thereby reducing financial burdens and encouraging broader participation from affected investors.
- Lawsuit Background: The lawsuit alleges that Snowflake made positive statements about its business during the class period while failing to disclose negative impacts on consumption and revenues from product efficiency gains, indicating potential risks related to inadequate information disclosure that led to investor losses when the truth emerged.
- Law Firm's Strength: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its expertise and resource advantages in handling such cases.
See More
