Thursday, January 11, 2018 10:15 PM ET
Insider Selling in ServiceNow (NOW) Shares Continues
A SEC filing today revealed a significant insider sale of ServiceNow shares as — Frederic B Luddy, Director — disposed of 100,000 shares in the company having a market value of approximately $13,536,706. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 148,790 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 248,790 shares and have averaged 124,395 shares per transaction over this time period.
The number of buy-sell trades for ServiceNow is close to that of the 64 member peer company average. The Enterprise Software peer group saw 159 buy/sell trades during this period for an average of 2.5 transactions per company. However, the number of shares per buy/sell trade transacted by ServiceNow insiders is higher. Within the peer group there were 1,441,965 shares purchased and 7,726,425 shares sold with company insiders having sold 39,525 shares on average.
The data used in creating 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.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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