Insider at ServiceNow (NOW) Makes Significant Sale of Stock

Thursday, March 01, 2018 10:15 PM ET

Insider at ServiceNow (NOW) Makes Significant Sale of Stock

A notable insider sale of the shares of ServiceNow was indicated in a form 4 document filed with the SEC today, showing — Jeffrey A Miller, Director — sold 12,821 shares in the company having a market value of approximately $2,083,463. 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 178,674 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 191,495 shares and have averaged 38,299 shares per transaction over this time period.

The number of insider buy/sell trades at ServiceNow is above that of the 64 peer company average over the last 90-day period. The Enterprise Software peer group saw 162 buy/sell trades during this period for an average of 2.5 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 565,436 shares purchased and 8,141,071 shares sold with company insiders selling 46,763 shares on average over this time period.

The data sourced in evaluating 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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