1 Red Flag for Snowflake Stock Investors in 2023

By Parkev Tatevosian, CFA – Jun 6, 2023 at 4:30AM

NYSE: SNOW

Snowflake

Market Cap

$50B

Today's Change

(-2.28%) -$3.38

Current Price

$145.03

Price as of April 19, 2024, 3:51 p.m. ET

The company is reporting that clients are reducing consumption of its services.

Fool.com contributor and finance professor Parkev Tatevosian highlights a challenging trend emerging at Snowflake (SNOW -2.28%).

*Stock prices used were the afternoon prices of June 1, 2023. The video was published on June 4, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Snowflake. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.