Thursday, February 08, 2018 10:15 PM ET
Significant Insider Selling Continues at ServiceNow (NOW)
An insider — Frederic B Luddy, Director — disposed of 32,500 shares of ServiceNow having a market value of approximately $4,765,848 today, as revealed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 250,426 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 282,926 shares and have averaged 94,309 shares per transaction over this time period.
Insiders at ServiceNow have a higher number of buy/sell trades than the 64-peer company average over the last 90-day period. The Enterprise Software peer group saw 146 buy/sell trades during this period for an average of 2.3 transactions per company. The number of shares per buy/sell trade for ServiceNow insiders was also higher. Within the peer group there were 1,264,432 shares purchased and 8,570,811 shares sold with company insiders having sold 50,044 shares on average.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to compose and write this story.
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