Following the closing bell, Snowflake stock experiences a surge in demand, prompting a rise in value. Exploring the underlying reasons behind this sudden upswing.

Quick Summary:

Ramaswamy bought the shares on Monday at an average price of $158.52.(Check out Benzinga’s Insider Trades page for more information.)

Last month, Snowflake announced former CEO Frank Slootman decided to retire from his role as CEO, but would remain with the company as chairman of the board.

What Happened: In a new regulatory filing released Wednesday after the bell, newly appointed Snowflake CEO Sridhar Ramaswamy disclosed the purchase of 31,542 shares of the company’s stock.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets: United States

Topics: Sridhar Ramaswamy Cloud US38259P5089 Insider trading Insider Trades SNOW GOOG Movers News US38259P7069 GOOGL After-Hours Center Tech Benzinga Why it's moving

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-27 @ 20:56:39 (1 months ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20539315

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 28 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions