Snowflake Stock Gains 3% As CEO Ramaswamy Buys Shares Worth $5M
Tiger Newspress03-28
Snowflake CEO Sridhar Ramaswamy disclosed in an SEC filing on Wednesday after the bell a purchase of 31,542 shares of the company at $158.52 per share worth $5 million.
Over the past 3 months, there have been 63 total insider trades, with 14 open market buys and 49 seller trades.
The number of shares bought under 14 open market buys was 496,428, while 855,637 shares were sold under 49 seller trades.
The shares purchased by the CEO are held by The Ramaswamy Trust, for which he is a trustee.
The CEO now owns 224,181 shares of the company.
Snowflake shares gained 2.7% in morning trading Thursday.
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