Snowflake’s New CEO Snaps Up Shares
Snowflake stock edged higher Thursday after new CEO Sridhar Ramaswamy purchased $5 million of the cloud-based data warehouse company’s shares in the open market. Late last month, Snowflake installed Ramaswamy to the top job, replacing Frank Slootman, who has retired. Slootman had been CEO for nearly five years, steering the company through its 2020 initial public offering, and overseeing a period of hypergrowth.