Friday, September 15, 2017 10:15 PM ET
Insider at ServiceNow (NOW) Makes Significant Sale of Stock
A significant insider sale of the shares of ServiceNow was indicated in a form 4 document filed with the SEC today, showing — Frederic B Luddy, Director — sold 165,000 shares in the company having a market value of approximately $19,145,662. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 202,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 367,000 shares and have averaged 183,500 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at ServiceNow is less than the 62-company peer group average. Enterprise Software peer group saw 172 buy/sell trades during this period for an average of 2.8 transactions per company. However, the number of shares per buy/sell trade for ServiceNow is higher. Within the peer group there were 973,581 shares purchased and 7,475,002 shares sold with company insiders disposing of 37,799 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data obtained in composing and writing this story.
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