Servicenow, Inc. (NOW) Files Form 4 Insider Selling : Frederic B Luddy Sells 150,000 Shares

Servicenow, Inc. (NOW): Frederic B Luddy , CHIEF PRODUCT OFFICER of Servicenow, Inc. sold 150,000 shares on Jul 19, 2016. The Insider selling transaction was reported by the company on Jul 21, 2016 to the Securities and Exchange Commission. The shares were sold at $71.61 per share for a total value of $10679285 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 13, 2016, David Schneider (Chief Revenue Officer) sold 5,000 shares at $69.26 per share price.On Jun 9, 2016, Frederic B Luddy (CHIEF PRODUCT OFFICER) sold 195,000 shares at $75.86 per share price.Also, On May 18, 2016, Daniel Mcgee (Chief Operating Officer) sold 6,892 shares at $70.01 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 Wednesday, Jul 20, 2016 heightened volatility was witnessed in ServiceNow Inc which led to swings in the share price. The shares opened for trading at $70.68 and hit $73.42 on the upside , eventually ending the session at $72.65, with a gain of 3.80% or 2.66 points. The heightened volatility saw the trading volume jump to 17,55,930 shares. The 52-week high of the share price is $91.28 and the company has a market cap of $11,827 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 Upgraded by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 85 from a previous price target of $70 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jul 15, 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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