Servicenow, Inc. (NOW) Files Form 4 Insider Selling : Daniel Mcgee Sells 3,002 Shares

Servicenow, Inc. (NOW): Daniel Mcgee , Chief Operating Officer of Servicenow, Inc. sold 3,002 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $70.00 per share for a total value of $210,140.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, David Schneider (Chief Revenue Officer) sold 11,047 shares at $67.97 per share price.On May 9, 2016, Frederic B Luddy (CHIEF PRODUCT OFFICER) sold 150,000 shares at $67.43 per share price.Also, On May 2, 2016, Daniel Mcgee (Chief Operating Officer) sold 24,166 shares at $71.46 per share price.On Jan 15, 2016, Michael Scarpelli (CHIEF FINANCIAL OFFICER) sold 10,712 shares at $78.65 per share price.

ServiceNow Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in ServiceNow Inc which led to swings in the share price. The shares opened for trading at $67.44 and hit $68.7 on the upside , eventually ending the session at $68.53, with a gain of 1.63% or 1.1 points. The heightened volatility saw the trading volume jump to 14,00,972 shares. The 52-week high of the share price is $91.28 and the company has a market cap of $11,157 M . The 52-week low of the share price is at $45.995.

ServiceNow Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.ServiceNow Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 85 from a previous price target of $75 .The Rating was issued on Apr 21, 2016.ServiceNow Inc is Initiated by Macquarie to Outperform. The Rating was issued on Mar 4, 2016.ServiceNow Inc is Reiterated by Deutsche Bank to Buy while Lowering the Price Target of the company shares to $ 75 from a previous price target of $90 . The Rating was issued on Feb 22, 2016.ServiceNow Inc is Initiated by Wunderlich to Buy and the brokerage firm has set the Price Target at $75. The Rating was issued on Feb 18, 2016.

ServiceNow Inc. is a provider of cloud-based solutions that define structure manage and automate services across the global enterprise. The Company provides cloud-based service management solutions that address the needs of a range of departments within an organization including IT human resources (HR) facilities field service marketing legal and finance. It also provides business management and IT operations management solutions that facilitate the delivery of services across the enterprise. The Company markets its services to enterprises in a variety of industries including financial services consumer products IT services health care and technology. The Company offers a portfolio of services including Professional Services Education Services and Customer Support. The Company provides its services from data centers located in Australia Brazil Canada Hong Kong the Netherlands Singapore Switzerland the United Kingdom and the United States.

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ServiceNow Inc - Is it time to Sell?

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