members of Congress buy Snowflake as corporate insiders sell $218.3mn

Two members of Congress made three purchases of Snowflake shares over the past 30 days while company insiders sold $218.3mn of the stock on the open market. Insiders recorded 39 sales and no purchases over the period.

Maria Elvira Salazar of the House disclosed a purchase of Snowflake worth $15,000 to $50,000 on 7 October. The trade was conducted on 4 September, taking 33 days to disclose. Shares in Snowflake are up 1.8 per cent since the transaction.

Salazar also disclosed the sale of $15,000 to $50,000 of stock in networking equipment maker Cisco Systems on 7 October from a trade on 24 September. Cisco shares are up 7.4 per cent since the trade. Josh Gottheimer disclosed the sale of $1,001 to $15,000 of shares in restaurant chain McDonald's on 7 October from a trade on 25 September.

Corporate insiders bought $1.3bn and sold $932.5mn across 488 open-market trades over the past 30 days. BUFFETT WARREN E bought shares in housebuilder Lennar Corp /New/ twice on 2 October, with one purchase of $67.5mn and a second of $35.1mn.