On October 9, Snowflake rose 3.08% in regular trading, trading at $355.36/share, with turnover of $603 million.

The company announced that its investigation into the alleged hacking incident involving ASOS customers found no compromise of its platform, easing security concerns from the prior session's pre-market weakness. This follows the completion of a $3.75 billion zero-coupon convertible senior notes private placement, where potential dilution pressure had weighed on the stock.

Despite recent insider selling disclosures, the positive conclusion of the platform security probe and an average analyst price target of $438.10 provided support for the stock.

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