Warren Buffett acquired 6.13 Million Snowflake shares worth $1.07 Billion. That's 0.32% of their equity portfolio (23rd largest holding). The investor owns 1.97% of the outstanding Snowflake stock. Warren Buffett acquired their 6.13 Million shares in Q3 2020. So far they never sold any shares in the company. The investor's estimated purchase price is $1.46 Billion, resulting in a loss of 26%.
Certain Wall Street analysts see downside for Apple and Snowflake shareholders.
Snowflake shareholders could make some quick money if this Wall Street analyst is right.
Snowflake is an unusual Buffett-backed stock that could crush the market over the next decade.
Fast growth, free cash flow, and strong customer retention are just a few of the reasons to own Snowflake stock.