Warren Buffett acquired 6.13 Million Snowflake shares worth $1.01 Billion. That's 0.30% of their equity portfolio (29th largest holding). The investor owns 2.06% 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 31%.
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.
Amid a blizzard of data, Snowflake continues to post red-hot growth metrics.
Snowflake stock is on fire right now. In the last month, the shares – which are owned by Warren Buffett – have jumped more than 50%. Should I buy? The post S...