Gina Mastantuono, President and CFO of ServiceNow, Inc. (NYSE:NOW), a prominent player in the software industry with a market capitalization of $203 billion and impressive gross margins of 79%, recently sold 292 shares of the company’s common stock, amounting to $287,620, according to a recent SEC filing. This sale was executed on May 8, 2025, at a price of $985 per share. The transaction was part of a pre-established trading plan under Rule 10b5-1, which Mastantuono adopted on November 22, 2024.
Additionally, on May 7, 2025, Mastantuono relinquished 425 shares to cover tax obligations related to the vesting of restricted stock units, valued at approximately $417,898, at a price of $983.29 per share. Following these transactions, she holds 11,198 shares of ServiceNow’s common stock.
In other recent news, ServiceNow has made significant advancements in its AI capabilities, unveiling new AI agents designed for enterprise security and IT operations at its Knowledge 2025 event in Las Vegas. The company introduced AI agents within its Security and Risk solutions, aiming to enhance cybersecurity measures and streamline workflows. Additionally, ServiceNow announced the launch of AI agents to autonomously resolve IT issues, which aligns with industry trends predicting increased AI use for business enhancement by 2026.
ServiceNow also revealed its new Workflow Data Network, which aims to integrate various data platforms to provide real-time intelligence for AI agents. This initiative includes a strategic partnership with Amazon (NASDAQ:AMZN) Web Services (AWS) to enhance data unification and analytics. The partnership facilitates the integration of AWS insights into ServiceNow workflows, offering a seamless connection between data insights and actions.
In a move to further enhance its data capabilities, ServiceNow plans to acquire data.world, a leader in enterprise data cataloging and governance. This acquisition is expected to enrich the ServiceNow AI Platform, providing customers with improved data management solutions. Furthermore, Cantor Fitzgerald has maintained an Overweight rating on ServiceNow, reaffirming a price target of $1,048, reflecting confidence in the company’s growth trajectory in the AI market. These developments underscore ServiceNow’s commitment to advancing AI-driven solutions and partnerships to empower organizations across industries.
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