Gold prices slip lower; consolidating after recent gains
Paul John Smith, President of Global Customer and Field Operations at ServiceNow, Inc. (NYSE:NOW), recently executed a series of stock sales totaling $1,006,965. According to the SEC filing, Smith disposed of shares on February 19, 2025, with prices ranging from $980.065 to $1,001.001 per share. The transaction occurred as ServiceNow, currently valued at $193 billion, maintains a GOOD financial health score according to InvestingPro analysis.
The transactions were conducted under a Rule 10b5-1 trading plan, which Smith adopted in August 2024. Following these sales, Smith retains direct ownership of 5,224 shares of ServiceNow’s common stock. The company has demonstrated strong performance with a 29% return over the past year and impressive gross profit margins of 79%.
These transactions reflect Smith’s ongoing management of his equity holdings in the company, which is a leading provider of enterprise cloud computing solutions. InvestingPro subscribers can access 12 additional key insights and a comprehensive Pro Research Report about ServiceNow’s market position and growth prospects.
In other recent news, ServiceNow reported its Q4 2024 earnings, surpassing EPS forecasts with an actual EPS of $3.67, slightly above the expected $3.65, while revenue met expectations at $2.96 billion. The company demonstrated robust performance, particularly in subscription revenue, which grew by 21% year-over-year to $2.87 billion. Despite these results, ServiceNow’s stock experienced a notable decline in after-hours trading. Additionally, ServiceNow has launched its Government Transformation Suite, aimed at enhancing efficiency for U.S. federal agencies, with partnerships supporting its implementation.
Citi analyst Tyler Radke recently adjusted the price target for ServiceNow shares from $1,432 to $1,426, maintaining a Buy rating, highlighting underlying strength despite softer headline numbers. ServiceNow also made amendments to its company bylaws, focusing on governance and stockholder actions, aligning with regulatory changes. These developments reflect ServiceNow’s ongoing efforts to streamline operations and enhance its offerings in the public sector and beyond.
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