3 Red Flags for Snowflake's Future

It's been a tough four years for Snowflake (NYSE: SNOW). The cloud-based data warehousing company went public at $120 per share on Sept. 16, 2020, more than doubled on its first trade to $245, and touched a record high of $401.89 on Nov. 16, 2021.

At the time, the bulls were impressed by its triple-digit percentage growth rates and investments in its IPO from Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) and Salesforce (NYSE: CRM). The buying frenzy in growth and meme stocks amplified its share price gains and caused many investors to overlook its soaring valuation.

Image source: Getty Images.

Source Fool.com