Yahoo Finance Insider Sale: ServiceNow Inc (NOW) Chief Commercial Officer Paul Smith Sells Shares
On May 20, 2024, Paul Smith, the Chief Commercial Officer of ServiceNow Inc (NYSE:NOW), sold 602 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider has sold a total of 18,780 shares over the past year, with no recorded purchases.
ServiceNow Inc (NYSE:NOW) specializes in providing cloud-based services to automate enterprise IT operations. The company's services include a comprehensive suite of applications built on their proprietary platform that automates workflow and integrates related business processes.
On the date of the sale, shares of ServiceNow Inc were priced at $769.75, valuing the company with a market cap of approximately $159.59 billion. This pricing places the company's price-earnings ratio at 83.11, which is above the industry median of 27.25.
The GF Value of ServiceNow Inc is calculated at $758.88, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.01. The GF Value is derived from historical trading multiples, an adjustment factor based on past performance, and future business projections provided by Morningstar analysts.
Over the past year, there have been no insider buys and 67 insider sells at ServiceNow Inc, indicating a trend of insider sales.
This recent transaction by the insider further aligns with the ongoing trend of insider sales within the company, reflecting continued transactions in the stock by company executives and key stakeholders.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
