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Gina Mastantuono, President and CFO of ServiceNow, Inc. (NYSE:NOW), a prominent player in the software industry with a market capitalization of $183.35 billion, sold 1,762 shares of common stock on August 18 at a price of $866.45, totaling approximately $1.5 million. The company maintains impressive gross profit margins of 78.52%.
According to a Form 4 filing with the Securities and Exchange Commission, the transaction was executed under a Rule 10b5-1 trading plan adopted on November 22, 2024.
On August 15, Mastantuono also exercised options to acquire a total of 5,232 shares of ServiceNow common stock through the conversion of restricted stock units at no cost. On the same day, she relinquished 2,814 shares at a price of $867.24, totaling $2.4 million, to cover federal and state tax withholding obligations resulting from the vesting of restricted stock units.
Following these transactions, Mastantuono directly owns 12,228 shares of ServiceNow.
In other recent news, ServiceNow has reported strong second-quarter 2025 results, surpassing expectations and prompting the company to raise its guidance for the third quarter and full year. Despite the fourth-quarter subscription revenue guidance being slightly below consensus, Cantor Fitzgerald reiterated an Overweight rating with a $1,200 price target, considering the guidance conservative due to the robust second-quarter performance. Additionally, ServiceNow is in advanced talks with Salesforce (NYSE:CRM) to invest $750 million each in Genesys Cloud Services, valuing the company at approximately $15 billion. This significant investment highlights a collaborative effort between competing enterprise software firms.
In another development, ServiceNow has partnered with the DFL Deutsche Fußball Liga to enhance fan experiences by becoming the Official Workflow Partner for Germany’s top football leagues. This partnership aims to improve automation and efficiency in DFL’s business workflows. JMP Securities has maintained its Market Outperform rating and a $1,300 price target on ServiceNow, following a visit to its headquarters and demonstrations of its AI products. These recent developments reflect ServiceNow’s ongoing strategic initiatives and partnerships.
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