Nicholas Tzitzon, Chief Strategy and Corporate Affairs Officer, sold 1,857 shares of ServiceNow Inc (NYSE:NOW) on August 26, 2024, according to a recent SEC filing. Following this transaction, the insider now owns 3,649 shares of the company’s stock.
ServiceNow Inc., a leading provider of digital workflow solutions, helps organizations manage digital workflows for enterprise operations. The company’s innovative platform and solutions aim to improve operational efficiency and business management.
Over the past year, Nicholas Tzitzon has sold a total of 4,794 shares and purchased no shares. This latest transaction is part of a broader trend seen within the company. Over the past year, there have been 57 insider sales and no insider purchases.
ServiceNow Inc.’s stock price was $829.68 on the day of the transaction. The company has a market capitalization of around $167.59 billion. Its price-to-earnings ratio is 147.22, which is higher than the industry average of 25.83.
The stock is valued at $787.63 according to GF Value, which translates to a price to GF Value ratio of 1.05. This suggests that ServiceNow Inc. is fairly valued based on its GF Value.
The GF value is calculated by taking into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ views on future business performance.
This insider sale could be of interest to investors who follow the behavior of insiders and evaluate the current valuation metrics of the stock.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
