Representative Dwight Evans Sells Shares in ServiceNow Amid Market Changes

PHILADELPHIA, Pennsylvania — Representative Dwight Evans, a Democrat from Pennsylvania, disclosed on April 17 that he sold shares of ServiceNow, Inc. (NYSE: NOW) on April 3. According to the filing, the value of the shares sold ranged between $1,001 and $15,000.

The transaction took place in Evans’ CETERA account and reflects ongoing stock market activities related to the technology sector.

ServiceNow’s stock opened at $772.18 on Friday, with a market capitalization of $159.84 billion. The firm has reported a price-to-earnings ratio of 113.06 and a price-to-earnings growth ratio of 4.51. ServiceNow’s stock has experienced considerable fluctuations, with a yearly low of $637.99 and a high of $1,198.09.

On January 29, ServiceNow announced earnings of $3.67 per share for the previous quarter, matching analysts’ expectations. The company reported a net margin of 12.97% and a return on equity of 17.11%.

As part of its financial strategies, ServiceNow approved a share buyback program worth $3 billion on January 29, allowing the purchase of up to 1.3% of its shares in the open market. This move typically indicates that the board believes its shares are undervalued.

Further sales by company insiders included Director Jeffrey A. Miller, who sold 2,282 shares on February 7 at an average price of $1,030.64, totaling over $2.3 million. Meanwhile, General Counsel Russell S. Elmer sold 2,511 shares on February 3 at an average price of $1,012.09, worth around $2.5 million.

Overall, insiders have sold 20,250 shares within the last 90 days, valued at over $19 million, and own 0.38% of the company’s stock.

Research analysts have recently issued mixed reports regarding ServiceNow. Bank of America lowered its target price from $1,280 to $1,025 while still assigning a ‘buy’ rating. Other firms, including Citigroup and Goldman Sachs, have also adjusted their price targets but generally maintained ‘buy’ ratings.

As of now, ServiceNow has an average rating of ‘Moderate Buy’ from research analysts, with a consensus price target of $1,057.17.

Evans, who has been in office since January 3, 2019, has announced his candidacy for re-election in 2026. His professional background includes work as an employment counselor and educator.