INVESTOR NOTICE: Snowflake Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - Snowflake Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company misled investors regarding its product efficiency and revenue forecasts [1][1]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Patel v. Snowflake Inc., and it involves purchasers of Snowflake Class A common stock from June 27, 2023, to February 28, 2024 [1][1]. - Investors have until April 27, 2026, to seek appointment as lead plaintiff in the lawsuit [1][1]. - The lawsuit alleges that Snowflake's executives made false statements about product efficiency gains, Iceberg Tables, and tiered storage pricing, which negatively impacted consumption and revenues [1][1]. Group 2: Financial Impact and Stock Performance - On February 28, 2024, Snowflake announced financial results indicating increased revenue headwinds due to product efficiency gains and tiered storage pricing, leading to an over 18% drop in the stock price [1][1]. - The lawsuit raises concerns about Snowflake's ability to achieve $10 billion in revenue by 2029 due to these headwinds [1][1]. Group 3: Legal Representation and Firm Background - Robbins Geller Rudman & Dowd LLP is representing the investors in this class action lawsuit and is recognized as a leading firm in securities fraud litigation [1][1]. - The firm has a strong track record, having recovered over $916 million for investors in 2025 alone, and a total of $8.4 billion over the past five years [1][1].