On November 4, 2024, Gina Mastantuono, Chief Financial Officer of ServiceNow Inc (NOW, Financial), sold 3,667 shares of the company, according to a recent SEC Filing. Following this transaction, the insider now owns 10,984 shares of the company.
ServiceNow Inc (NOW, Financial) is a provider of enterprise cloud computing solutions that define, structure, manage, and automate services for global enterprises. The company's services include a comprehensive suite of applications built on its proprietary platform that automates workflow and integrates related business processes.
Over the past year, Gina Mastantuono has sold a total of 7,630 shares of ServiceNow Inc and has not made any purchases of the stock. This recent transaction is part of a broader trend seen within the company, where there have been 51 insider sells and no insider buys over the last year.
Shares of ServiceNow Inc were priced at $958.41 on the day of the transaction. The company has a market cap of approximately $205.18 billion. The price-earnings ratio of the stock stands at 154.66, which is significantly higher than the industry median of 26.3.
The GF Value of ServiceNow Inc is estimated at $819.36, suggesting that the stock is Modestly Overvalued with a price-to-GF-Value ratio of 1.17.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business results as provided by Morningstar analysts.
This insider sale could be of interest to investors tracking insider behaviors and the valuation metrics of ServiceNow Inc.
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.
