Snowflake Inc (NYSE:SNOW) shares are trading higher Thursday following recent insider buying from the company's new CEO.

What To Know: Snowflake CEO Sridhar Ramaswamy has disclosed the purchase of 31,542 shares of the company's stock in a new regulatory filing. Ramaswamy bought the shares on Monday at an average price of $158.52, representing a $5 million investment in total.

Former Snowflake CEO Frank Slootman decided to retire from his role last month. Ramaswamy was named CEO, effective immediately.

Check out Benzinga's Insider Trades page for more information.

Is SNOW A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Snowflake‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. Snowflake does not pay a dividend, but has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

SNOW Price Action: Snowflake shares were up 3.29% at $165.30 at the time of writing, according to Benzinga Pro.

Photo: courtesy of Snowflake.