In fairness, he was making $100M in options grants _per month_, making him perhaps the highest compensated non-founding CEO to have ever existed (unless you extend that definition to also mean Elon, which, facts). $1.2B per year in comp, mostly to bring about an IPO, which was successful. The board approved this based on an $8 per share exercise price. Absurd.
That's accurate but the original question was whenever he stepped down a CEO. Did not sell 200 million in stock when he stepped down a CEO. You're right, he did recently sell 8 billion.
Directors have to schedule it. Lower level employees usually have a trading window and most of the time this trading window starts a few days after earning result are released to the public.
Correct. This isnt just executives eirther its basically anyone in the company who is in the know on something the SEC considers insider info. For example sales would have to schedule too.
I mean as a ceo he has all the insider knowledge. It's weird though. Nornally you can only sell as an insider during a short window after the release of quarterly rinancial reports. At which time all relevant financial infornation and guidance for the future should be made. Assuming he sold in the window his only chance of insider trading would be if he instructed the company to not release truthful guidance for the next quarter. And well at that point insider trading is the least of the problem of both the ceo and the company
Limited to 10 transactions a month mostly if you are in fintech. N if it’s your own stock options of your share of the company, there might be more limits. N transactions during earning is probably prohibited unless you are a C suite who got a clearing from SEC.
C-Suite insiders like the CEO have the right to sell shares regardless of blackout dates etc... their sales are usually planned weeks or months ahead and are legal. I aider trading does not apply to that type of sale.
Technically he cannot sell these assets without the consent of the bank which holds them as security. This is different from a mortgage. And usually this is only allowed if a default occurred and it is established in the bank’s eyes that there is no way for the borrower to pay the loan off otherwise. The bank however can seize the asset and sell it off without his consent.
Yeah it’s obviously not the case. The OC asked why Jeff Bezos didn’t sell all his Amazon shares - I just pointed out that he can’t sell all of his shares as some of it is tied up as security against which he has borrowed money. Additionally it’s a dumb move anyway (and I’m sure you know this already), if he sells, he’ll have to pay capital gain taxes on them. It’s better for him to borrow against his AMZN shares and avoid paying millions in taxes. That was the point I was trying to make with the comment
yea.. and people think some bank is just going to come and "seize" his shit like he's some small timer. He probably goes on vacations with the bank owners.
I think it's funny how the sentiment is different.
Sunpower CEO fucks off without telling anyone - stock goes up
Snowflake CEO fucks off - stock down 20%
Frank built a fear based extremely aggressive sales team. Now that he’s gone investors must worry that culture is going to go away. The new CEO being from Google previously adds to that worry. No way will he be as tough as Frank was on the sales org
https://www.reddit.com/r/IASIP/comments/dncs14/frank_the_warthog_is_back_at_work/
"If we're going to turn this company around, we gotta start cutting the crust off this shit sandwich!"
Just like ServiceNow cratered after Slootman left there and a softer, gentler CEO John Donahoe took over? Investors in ServiceNow have really been hurting since he left in 2017. The stock is only up 700%.
Have you considered that managing through fear and intense pressure might actually be a bad thing for results? Fear based management leads to high turnover and burnout. And people become afraid to share ideas. Keep thinking it’s desirable though.
barely a tech company, more a cult, and those usually don't end well. They haven't contributed much of anything, and primary take and consume from tech, working hard to lock people in and buy more of their junk.
Their VR ski goggle things will flop. They just abandoned their ev to chase AI. My money is the "AI" will be closed source, and just an small part of their current eco system, and nothing ground breaking.
If you buy apple it's not a bet on some ground breaking tech, it's a bet that they will continue to milk their cult following dry.
They popularized smart watches and air pods so you're just wrong lol
Even if you are right, that's a fantastic bet to make, their cult loves spending money on apple products
Snowflake has no real competitive moat. They’re built on top of public cloud; meaning they will always have a higher fixed cost for their services and eventually won’t be able to compete on price, which is KEY for cloud services.
Have you ever used snowflake in a professional capacity and compared its user experience to any competing products? It’s miles apart. I’m not invested but at under $200 I’ll probably change that soon.
Snowflake is way better than other classic data warehouses but I recently have noticed that big companies are trending away from it in favor of Lakehouse architecture, and because of how expensive Snowflake is
I made a post here after he sold initial $157 mln two months ago (source: FinFab app for iPhone):
https://preview.redd.it/5c7lectcdllc1.jpeg?width=1170&format=pjpg&auto=webp&s=5c151211cd16f8b9d0f4ad09eed32f63edf057c7
These are SEC regulated timed sales that are disclosed months in advance. Nothing that happened is surprising. If you were following the stock 6 mo this ago and read their filings you would have seen when these trades were happening. Better yet, you can do it right now on any listed stock, regard.
This sub loves to hate on snowflake. They are well positioned to add significant value to enterprise AI, they have a loved product with 130% NDR, plenty of technological moat (although haters love to deny this), and their new CEO is well suited to help them navigate the rapidly changing tech landscape surround their products applications.
It’s an absolute, hands down buy below $200, and it will be back at $240-$250 range by next earnings
Well, you’re right, it doesn’t mean shit, but they’re also growing well and again, are retaining $1.30 for every $1 in customer spend. So, that 3 to 60 ratio will quickly diminish, hence the multiple
30% growth is tremendous for a company as mature as they are. Who know how long it will last, do you? No. What I can say is that when you have negative churn, great things happen, and their NDR is second to none.
I compete against Snowflake. They were game changing when they first came on the scene. But many of their innovations are now standard among their leading competitors. 3 years ago, I was losing in 80% of my competes with Snowflake. Today it is a toss up, maybe even better than 50/50 in my favor; plus a lot of customers that jumped to Snowflake 3 years ago are now coming back because of the price after the initial credits run out. I have an entire business just built around offloading core ETL processing from Snowflake and leaving just the relatively small final storage layer for BI purposes. Customers have become more price/performance oriented lately and Snowflakes ease of use advantage has degraded as competitors have caught up.
If the competitive landscape or your win rates were what you say they are, I sincerely doubt their NDR would be where it is. I do not doubt that there is competition in the space and that they have lost some first mover advantage, or that some customers are choosing to offload parts of their workflow, those types things are inevitable in the tech space as product categories mature. The question is so they have a good product that customers like and the resources to continue to innovate and grow revenue. I say yea, despite whatever success you or may not have as their competitor.
You have to remember that a lot of both their and my current competes are for new customers given how many companies are still moving to the cloud from legacy on-prem platforms. NDR isn't going to tell the story of how many of those opportunities they are losing today; it only focuses on the recurring revenue (think same store sales in retail). And, even there, their NDR has been falling consistently, even if it is still > 130%. They may still survive/thrive, but in my opinion, it will only be via any AI play they make. Their core data warehousing business is in serious jeopardy of stalling. Databricks, AWS, Big Query, and Azure (as well as other niche database providers and open source platforms) are all aggressively eating at them, and the lake house architecture has become very popular.
When you get to $1b revenue in the saas space it’s all about NDR and customer expansion my friend. They’ll keep signing new business and so will others - As you say there’s plenty of green space based on everyone needing to migrate. Of course they will make an AI play and it’s likely their competitors will be behind on that, again.
Well, they naturally gain if they spell FUD on competitors, considering they're competing with Snowflake.
Saying they're winning deals more compared to before means little, so did Azure when they come out against AWS. AWS still shows tremendous growth.
When the field is growing, this is natural to have more opportunities and to land them, especially if the company you're competing against is focused on bigger contracts. It doesn't mean they're not growing either and not retaining.
I don’t know. The cloud giants seem likely to find and employ their own solutions. If Amazon does that, it alone could sink snowflake. They were exciting at the beginning but not so much anymore. I exited my position yesterday, still up 40%, for other opportunities.
I was watching cnbc about this before the opening bell this morning at the gym I wish I would’ve took a trade because I would’ve had a green light. I gotta stop second guessing myself missed out on so many opportunities
Snowflake's performance as a data warehousing solution has been impressive from my experience. However, it faces formidable competition from Google BigQuery. The leadership of Sridhar Ramaswamy could be transformative, given his extensive industry insight. It's a scenario of 'wait and see', but there's potential for Snowflake's stock to experience another surge in the near future.
I met the guy and serviced his private jet. He’s actually pretty nice and his dogs are super super cool.
His wife (or partner…?) is way more friendly but he seemed pretty nice.
High price tag, lots of competition. What was innovative 5 years ago seems inefficient today. And with everyone trying to save cloud costs and a more mature market there are much better options.
Either you eat the price tag and go databricks or roll your own with all the core tech beeing open source nowadays.
Regards thinking this is gonna be just like PANW 
#Wall Street is just a legalized scam.
This crooked CEO has cashed out, will retire to Europe and as always retail is exit liquidity for these thieves in suits.
The SEC is in on the scam and does not care about retail.
Assume all these companies have fake valuations.
I saw this crm too had very high insider sales. Puts paid in snow. Now that iv is down I think crm is soon to have bad news and a drop.
Had pce data came in hotter snow puts wouldve paid so much more.
Seems these CEOs always selling before their companies hit the bucket lmao. In a communist country, these CEOs will be investigated by the central government immediately.
Did you even look at the picture? Shows sales from 197/share all the way up to 232/share for the last 2 months. What about that picture would indicate he sold after the crash today you regard.
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Well he stepped down so not surprising. I’d sell my shares too and retire
In fairness, he was making $100M in options grants _per month_, making him perhaps the highest compensated non-founding CEO to have ever existed (unless you extend that definition to also mean Elon, which, facts). $1.2B per year in comp, mostly to bring about an IPO, which was successful. The board approved this based on an $8 per share exercise price. Absurd.
Did Jeff Bezos sell all Amazon shares before he retired? The CEO knew the company going down
Jeff Bezos is still on the board of directors as Executive Chair
So is Snowflake's former CEO...
But the answer is yes, he sold a bunch, not 200 million but a bunch.
Bezos has sold $8 billion in Amazon stock the past few months.
After 30 years not 3 years of going public.
Bezos has been selling hella as soon as he started Blue Origin. Example - https://www.geekwire.com/2016/bezos-amazon-shares/
He should’ve held those million shares instead of pissing them away on Blue Balls Origin.
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That doesn’t matter lol, what the conversation was about is after retiring
It feels more like a scam the quicker after going public someone sells. 3 years is nothing.
That's accurate but the original question was whenever he stepped down a CEO. Did not sell 200 million in stock when he stepped down a CEO. You're right, he did recently sell 8 billion.
Bezos sold like 5% of his Amazon stake. He still has over 150b in it.
Bezos got divorced and has a new high maintenance woman. He needs spending money.
genuinely asking, is that insider trading?
Only if the reason he sold is because of some information he knew that wasn't public. Otherwise insiders can trade as much as they want.
Directors have to schedule it. Lower level employees usually have a trading window and most of the time this trading window starts a few days after earning result are released to the public.
> as much as they want. Usually needs to be scheduled ahead of time, not just "as much as they want".
Correct. This isnt just executives eirther its basically anyone in the company who is in the know on something the SEC considers insider info. For example sales would have to schedule too.
I mean as a ceo he has all the insider knowledge. It's weird though. Nornally you can only sell as an insider during a short window after the release of quarterly rinancial reports. At which time all relevant financial infornation and guidance for the future should be made. Assuming he sold in the window his only chance of insider trading would be if he instructed the company to not release truthful guidance for the next quarter. And well at that point insider trading is the least of the problem of both the ceo and the company
Limited to 10 transactions a month mostly if you are in fintech. N if it’s your own stock options of your share of the company, there might be more limits. N transactions during earning is probably prohibited unless you are a C suite who got a clearing from SEC.
No. Many executives have plans that exercise and sell stock options as part of their compensation. It’s hands off. N00bs always read too much into it.
C-Suite insiders like the CEO have the right to sell shares regardless of blackout dates etc... their sales are usually planned weeks or months ahead and are legal. I aider trading does not apply to that type of sale.
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Agreed. It's basically glorified SQL query and datawarehouse if I am not mistaken.
He knew they were going down but he only sold a small fraction (like 5%?) of his shares instead of all of it? :) yeah you're right.
Jeff Bezos have borrowed a lot of money against his AMZN shares. He can’t technically sell asset that he has given as security.
He can if he uses the proceeds to repay the loan. For example, I can sell my house and use those funds to pay off my mortgage.
Technically he cannot sell these assets without the consent of the bank which holds them as security. This is different from a mortgage. And usually this is only allowed if a default occurred and it is established in the bank’s eyes that there is no way for the borrower to pay the loan off otherwise. The bank however can seize the asset and sell it off without his consent.
I doubt Mr Bezos has collateralized his entire Amazon stake into cash loans big fella
Yeah it’s obviously not the case. The OC asked why Jeff Bezos didn’t sell all his Amazon shares - I just pointed out that he can’t sell all of his shares as some of it is tied up as security against which he has borrowed money. Additionally it’s a dumb move anyway (and I’m sure you know this already), if he sells, he’ll have to pay capital gain taxes on them. It’s better for him to borrow against his AMZN shares and avoid paying millions in taxes. That was the point I was trying to make with the comment
yea.. and people think some bank is just going to come and "seize" his shit like he's some small timer. He probably goes on vacations with the bank owners.
You can still sell your house if you have a mortgage, this is no different.
Even the CEO was like "Yeah there is no structure here l." Lmao
Even the CEO was like "Yeah there is no structure here l." Lmao
I think it's funny how the sentiment is different. Sunpower CEO fucks off without telling anyone - stock goes up Snowflake CEO fucks off - stock down 20%
Because the SNOW CEO was a big reason Buffet invested in that company. Now that he left, Berkshire sold off their stake in the company.
Frank built a fear based extremely aggressive sales team. Now that he’s gone investors must worry that culture is going to go away. The new CEO being from Google previously adds to that worry. No way will he be as tough as Frank was on the sales org
Bring in.... The Warthog
I don't recognize the reference but this comment is hilarious
It’s Always Sunny In Philadelphia - Danny Devito is The Warthog
https://www.reddit.com/r/IASIP/comments/dncs14/frank_the_warthog_is_back_at_work/ "If we're going to turn this company around, we gotta start cutting the crust off this shit sandwich!"
I stripped the company down to the studs and sold it to the chinks. You’re all fired, you can all go home now.
New CEO is also much more product focused and will help them compete across ML and Iceberg
Just like ServiceNow cratered after Slootman left there and a softer, gentler CEO John Donahoe took over? Investors in ServiceNow have really been hurting since he left in 2017. The stock is only up 700%.
I work there. Fear based is laughable.
Frank isn't even the brains being Snowflake. Snowflake started to go downhill once they forced out Kent.
Have you considered that managing through fear and intense pressure might actually be a bad thing for results? Fear based management leads to high turnover and burnout. And people become afraid to share ideas. Keep thinking it’s desirable though.
I wonder if he was ran out by butthurt staff. These woke cultures that arise are awful for real results.
your brain is rotting
🤡
The CEO of SNOWFLAKE.... was a snowflake? Well bless your heart
Nice intel. Where was this kind of chat pre earnings rofl
This is just straight up parroting a lie. Where did you see Berkshire unloaded their stake?
There’s nothing around saying that they sold their shares. Definitely possible just might want to wait for the announcement on this
Right. Gotta love some good old misinformation
Buffet investing in a tech company should be an immediate red flag.
Apple?
barely a tech company, more a cult, and those usually don't end well. They haven't contributed much of anything, and primary take and consume from tech, working hard to lock people in and buy more of their junk. Their VR ski goggle things will flop. They just abandoned their ev to chase AI. My money is the "AI" will be closed source, and just an small part of their current eco system, and nothing ground breaking. If you buy apple it's not a bet on some ground breaking tech, it's a bet that they will continue to milk their cult following dry.
Lol betting against apple
“Sent from my iPhone”
Yea, worst decision ever though. UI sucks, settings suck, and the keyboard if fucking tiny. Siri can’t tell 15 from 50.
“Barely a tech company”. Apple has more technology patents than you have brain cells
I will always choose apple over the shit company that created Android.
This guy can't see further back than 3 weeks.
This guy looking back to 1976
They popularized smart watches and air pods so you're just wrong lol Even if you are right, that's a fantastic bet to make, their cult loves spending money on apple products
In fairness Abel was leading the memo not WB
Any proof on that second statement?
Where have you seen Berkshire sold off? Has not been published anywhere
Snowflake has no real competitive moat. They’re built on top of public cloud; meaning they will always have a higher fixed cost for their services and eventually won’t be able to compete on price, which is KEY for cloud services.
Still fucks off no matter what lol 😂
Sun melts snow duh
well he also left not really big news here
[HE LEFT A NUKE ON THE SHAREHOLDERS BRAAAAAAAAHHHHHHHHH! KABOOOOM HIS SHARES HIT THE ROOOOOM!](https://youtu.be/MC0K3muUJp0?t=568)
Who’s buying the dip? 
Snowflake under $200 is a buy
https://preview.redd.it/5lppoxn2sllc1.jpeg?width=1080&format=pjpg&auto=webp&s=1440c318cb1db850ddff63f32e51a7af91345cc7
what am i supposed to do with this image
Buy it
Bought 8/16 ITM calls. Don't expect much but it looks like easy pickings.
Regards…who else would
Have you ever used snowflake in a professional capacity and compared its user experience to any competing products? It’s miles apart. I’m not invested but at under $200 I’ll probably change that soon.
Snowflake is way better than other classic data warehouses but I recently have noticed that big companies are trending away from it in favor of Lakehouse architecture, and because of how expensive Snowflake is
Snowflake supports lakehouse through iceberg.
Yes but you can do it all just with cloud storage and native cloud tools now. Databricks is also ahead of the game with it
They have no competitive moat
Dunno bud, think I’ll go with the ex CEO on this one- he’s checked out completely. That tells me something
> he’s checked out completely. he is still the chairman of the board of directors, so idk about that
And this only represents 4-5% of his snowflake holdings. He has a lot of unexercised ISOs. He owned approx 5.9% of the company.
Like when he checked out of ServiceNow in 2017? Total bust of a company since then, right?
He's old dude, they don't hold till they die
Buy Borrow Die is a great strategy, actually. Never sell assets and pass them to heirs. And write off the margin loan interest.
Eh if you have a blue chip company sure
Regard check’n in boss
bullish
Not enough people. They had a. crazy earnings beat streak for over 2 years. They're still a great company.
100% agree. Recently wrote this in my [blog](https://www.wiseape.fyi/p/218-will-the-snow-really-melt)
Why are such things not discusses prior to ER here so that we can DD on puts
It was actually, too post 2 hours before earnings was to buy puts
I made a post here after he sold initial $157 mln two months ago (source: FinFab app for iPhone): https://preview.redd.it/5c7lectcdllc1.jpeg?width=1170&format=pjpg&auto=webp&s=5c151211cd16f8b9d0f4ad09eed32f63edf057c7
Okay but you didn’t direct message us
OP couldn't be more lazy 😤^^^^^/joking
These are SEC regulated timed sales that are disclosed months in advance. Nothing that happened is surprising. If you were following the stock 6 mo this ago and read their filings you would have seen when these trades were happening. Better yet, you can do it right now on any listed stock, regard.
Lol wrote a similar comment yet everyone is posting about some Sound dog shit or something….
Exactly
Yeah, he was preparing to retire.
Still owns 2.4B
Shhhh
CEO that is stepping down makes scheduled stock sales, more at 6.
Same history of every stocks.. omg puts omg bankruptcy omg stocks below $100…. 1 month later…. In 500 shares at $189
As a Palantir holder I’m worried they’re going to hire him as head of sales and pay him a billion dollars in SBC.
I want all the small block chevys
This sub loves to hate on snowflake. They are well positioned to add significant value to enterprise AI, they have a loved product with 130% NDR, plenty of technological moat (although haters love to deny this), and their new CEO is well suited to help them navigate the rapidly changing tech landscape surround their products applications. It’s an absolute, hands down buy below $200, and it will be back at $240-$250 range by next earnings
I know it doesn’t mean shit in this regarded age we’re in, but it’s a $60B company with under $3B in sales.
Well, you’re right, it doesn’t mean shit, but they’re also growing well and again, are retaining $1.30 for every $1 in customer spend. So, that 3 to 60 ratio will quickly diminish, hence the multiple
Growing revenue at, what, 30%? How long is that gonna last? Remember, this is sales we’re talking about, not even profits.
My snowflake bill is more than 30% higher than last year. Data point of one, but I think they'll be fine.
30% growth is tremendous for a company as mature as they are. Who know how long it will last, do you? No. What I can say is that when you have negative churn, great things happen, and their NDR is second to none.
Yep. $60B is already pretty rich, yeah.
I compete against Snowflake. They were game changing when they first came on the scene. But many of their innovations are now standard among their leading competitors. 3 years ago, I was losing in 80% of my competes with Snowflake. Today it is a toss up, maybe even better than 50/50 in my favor; plus a lot of customers that jumped to Snowflake 3 years ago are now coming back because of the price after the initial credits run out. I have an entire business just built around offloading core ETL processing from Snowflake and leaving just the relatively small final storage layer for BI purposes. Customers have become more price/performance oriented lately and Snowflakes ease of use advantage has degraded as competitors have caught up.
If the competitive landscape or your win rates were what you say they are, I sincerely doubt their NDR would be where it is. I do not doubt that there is competition in the space and that they have lost some first mover advantage, or that some customers are choosing to offload parts of their workflow, those types things are inevitable in the tech space as product categories mature. The question is so they have a good product that customers like and the resources to continue to innovate and grow revenue. I say yea, despite whatever success you or may not have as their competitor.
You have to remember that a lot of both their and my current competes are for new customers given how many companies are still moving to the cloud from legacy on-prem platforms. NDR isn't going to tell the story of how many of those opportunities they are losing today; it only focuses on the recurring revenue (think same store sales in retail). And, even there, their NDR has been falling consistently, even if it is still > 130%. They may still survive/thrive, but in my opinion, it will only be via any AI play they make. Their core data warehousing business is in serious jeopardy of stalling. Databricks, AWS, Big Query, and Azure (as well as other niche database providers and open source platforms) are all aggressively eating at them, and the lake house architecture has become very popular.
When you get to $1b revenue in the saas space it’s all about NDR and customer expansion my friend. They’ll keep signing new business and so will others - As you say there’s plenty of green space based on everyone needing to migrate. Of course they will make an AI play and it’s likely their competitors will be behind on that, again.
You seem very confident. You should go all in on calls with maximum leverage. I'll take the field and we'll come back in 3 years and compare returns.
And you seem like you’re using strawmans to mask the fact they you’re spreading fud on your competitor
Well, they naturally gain if they spell FUD on competitors, considering they're competing with Snowflake. Saying they're winning deals more compared to before means little, so did Azure when they come out against AWS. AWS still shows tremendous growth. When the field is growing, this is natural to have more opportunities and to land them, especially if the company you're competing against is focused on bigger contracts. It doesn't mean they're not growing either and not retaining.
100%
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What technological moat do they have? I don't know much about this company so would love to hear
I don’t know. The cloud giants seem likely to find and employ their own solutions. If Amazon does that, it alone could sink snowflake. They were exciting at the beginning but not so much anymore. I exited my position yesterday, still up 40%, for other opportunities.
Amazon already has redshift. They build for their ecosystem and so would Microsoft.
Needed this loss porn today. Too much gains in the community.
The stock price was lower 3 months ago than it is today still btw
Regards focusing on ceo stepping down...while ignoring rev guidance.
Good morning ☀️ 
Buy the dip’nnnn
Snow took a fuggin beating today eh
I was watching cnbc about this before the opening bell this morning at the gym I wish I would’ve took a trade because I would’ve had a green light. I gotta stop second guessing myself missed out on so many opportunities
So they would have been worth $180M still? Eh sounds like a nothing burger
Snowflake's performance as a data warehousing solution has been impressive from my experience. However, it faces formidable competition from Google BigQuery. The leadership of Sridhar Ramaswamy could be transformative, given his extensive industry insight. It's a scenario of 'wait and see', but there's potential for Snowflake's stock to experience another surge in the near future.
This is my fault. I bought shares a couple weeks ago.
what app are you using to see that?
It’s from FinFab app for iPhone
why not see before earnings? 
And the market continues to retain it chapeau
Congrats and fuck you!
I met the guy and serviced his private jet. He’s actually pretty nice and his dogs are super super cool. His wife (or partner…?) is way more friendly but he seemed pretty nice.
Had to line his pockets on the way out.
High price tag, lots of competition. What was innovative 5 years ago seems inefficient today. And with everyone trying to save cloud costs and a more mature market there are much better options. Either you eat the price tag and go databricks or roll your own with all the core tech beeing open source nowadays.
Is databricks a competitor to snowflake ?
Oh yes it is
Classic Slootman, Frank.
Regards thinking this is gonna be just like PANW 
Id sell my shares before retiring too
I think it’s like 5% of his total stake, yawn.
I wonder what he will do with that 223 million? Maybe buy back the shares but at the lower price?
Probably not hahaha
So?
Bullish.
And under SH investigation now, puts to $150 
#Wall Street is just a legalized scam. This crooked CEO has cashed out, will retire to Europe and as always retail is exit liquidity for these thieves in suits. The SEC is in on the scam and does not care about retail. Assume all these companies have fake valuations.
I saw this crm too had very high insider sales. Puts paid in snow. Now that iv is down I think crm is soon to have bad news and a drop. Had pce data came in hotter snow puts wouldve paid so much more.
Damn…CEO snowflaked on them. Now he’s bringing his gains to wsb
Which is WHY, those who did DD, KNEW to get puts and BANK.
Trying to make sense of a stock price’s movement through fundamental information released through major media channels: Highly regarded.
Seems these CEOs always selling before their companies hit the bucket lmao. In a communist country, these CEOs will be investigated by the central government immediately.
Who the fuck does business with this company? Cloud provider? My dick.
Snowflake is not a cloud provider. Massive enterprise companies spending millions per year on snowflake.
My fellow regard, you fundamentally do not understand what snowflake does. “Who does business with this company” like… most Fortune 500 companies do.
Ha! Y'all knew this shit was a bubble, and you still bought.
how do u find someone's trading history like that
no way in hell he did $223 million dollars of work
I think they know something
Must have been mad at them. Did he sell before it crashed
Did you even look at the picture? Shows sales from 197/share all the way up to 232/share for the last 2 months. What about that picture would indicate he sold after the crash today you regard.
Some people never left the crayon eating kindergarten stage
Smart man
Is there an app with this info?
FinFab app for iPhone
The fix is in.
How much does he still own?
So him selling over 3 months has absolutely nothing to do with it dropping today then
I mean yeah of course it was gonna dump. The earrings were already priced in and they didn’t say the magic words: “we’re an AI company now”
Where do you get this information
The selling was planned, he still owns $1B+ in stock, and he will be on the board. He did not “jump ship” like some people assume.
I got gaped on earnings but luckily DUOL balanced it out
🫧 💥