people · May 21, 2026
ServiceNow CEO Bill McDermott Buys $3M Shares as Insiders Cancel Sales
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ServiceNow CEO Bill McDermott purchased $3 million in company shares in March 2026 at an average price of $104.60 per share. Multiple executives including CFO Gina Mastantuono canceled previously scheduled stock sale plans in May 2026. The stock trades near $105.91 following a broader software sector sell-off. Evercore ISI analyst Kirk Materne described McDermott's purchase as one of the first notable insider buying signals across the software sector. William Blair analyst Arjun Bhatia stated management believes shares are undervalued after the selloff.
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