Wednesday, February 21, 2018 10:15 PM ET
Continued Level of Significant Insider Selling at ServiceNow (NOW)
One ServiceNow insider David Schneider, Officer, today, sold 14,923 shares having a market value of approximately $2,300,653, as revealed in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 161,378 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 176,301 shares and have averaged 35,260 shares per transaction over this time period.
The number of insider buy/sell trades at ServiceNow is greater than that of the 64 peer company average over the last 90-day period. The Enterprise Software peer group saw 147 buy/sell trades during this period for an average of 2.3 transactions per company. However, the number of shares traded per transaction by ServiceNow insiders is lower than its peers. Within the peer group there were 736,959 shares purchased and 7,775,002 shares sold with company insiders disposing of 47,878 shares on average over this time period.
The data obtained 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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