Servicenow, Inc. (NOW) Files Form 4 Insider Selling : Frederic B Luddy Sells 199,000 Shares

Servicenow, Inc. (NOW): Frederic B Luddy , CHIEF PRODUCT OFFICER of Servicenow, Inc. sold 199,000 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $76.53 per share for a total value of $15259395 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, William L Strauss (director) sold 10,000 shares at $77.20 per share price.On Aug 24, 2016, Frederic B Luddy (CHIEF PRODUCT OFFICER) sold 174,201 shares at $72.21 per share price.Also, On Aug 22, 2016, David Schneider (Chief Revenue Officer) sold 11,047 shares at $72.98 per share price.On Aug 11, 2016, Frank Slootman (PRESIDENT & CEO) sold 150,000 shares at $75.01 per share price.

ServiceNow Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in ServiceNow Inc which led to swings in the share price. The shares opened for trading at $77.45 and hit $78.17 on the upside , eventually ending the session at $77.92, with a gain of 1.35% or 1.04 points. The heightened volatility saw the trading volume jump to 14,06,411 shares. The 52-week high of the share price is $91.28 and the company has a market cap of $12,818 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 Initiated by BMO Capital Markets to Market Perform and the brokerage firm has set the Price Target at $85. The Rating was issued on Sep 20, 2016.ServiceNow Inc is Initiated by Guggenheim to Buy. The Rating was issued on Sep 15, 2016.ServiceNow Inc is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $60 .The Rating was issued on Jul 28, 2016.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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