Thursday, October 12, 2017 10:15 PM ET
Significant Insider Selling Continues at ServiceNow (NOW)
An insider disposed of 100,000 shares of ServiceNow having a market value of approximately $12,051,471 today, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 367,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 467,000 shares and have averaged 233,500 shares per transaction over this time period.
The level of buy/sell trading at ServiceNow is is less than the 62 peer company average over the last 90-day period. The Enterprise Software peer group saw 183 buy/sell trades during this period for an average of 3.0 transactions per company. However, the number of shares per buy/sell trade for ServiceNow is higher. Within the peer group there were 405,408 shares purchased and 7,860,536 shares sold with company insiders having sold 40,738 shares on average.
The data used in composing and writing in this story eliminates 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.
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