Servicenow, Inc. (NOW): Frederic B Luddy , CHIEF PRODUCT OFFICER of Servicenow, Inc. sold 195,000 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $75.86 per share for a total value of $14822275 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 9, 2016, David Schneider (Chief Revenue Officer) sold 12,500 shares at $74.35 per share price.On May 18, 2016, Daniel Mcgee (Chief Operating Officer) sold 6,892 shares at $70.01 per share price.Also, On May 9, 2016, Frederic B Luddy (CHIEF PRODUCT OFFICER) sold 150,000 shares at $67.43 per share price.On Jan 15, 2016, Michael Scarpelli (CHIEF FINANCIAL OFFICER) sold 10,712 shares at $78.65 per share price.
Shares of ServiceNow Inc (NOW) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -1.48 points or -1.92% at $75.56 with 8,55,972 shares getting traded. Post opening the session at $76.43, the shares hit an intraday low of $75.4 and an intraday high of $77.26 and the price vacillated in this range throughout the day. The company has a market cap of $12,301 M and the number of outstanding shares has been calculated to be 16,28,00,000 shares. The 52-week high of ServiceNow Inc is $91.28 and the 52-week low is $45.995.
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 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.