Heavy Insider Selling Activity At These Companies ~ Salesforce.com inc. (CRM), ServiceNow Inc. (NOW), And Republic Services Inc. (RSG)

Let’s now move on to ServiceNow Inc. (NYSE:NOW), which has also witnessed increased selling activity this week. Frederic B. Luddy, who is the founder and Chief Product Officer at ServiceNow, has unloaded 203,600 shares in his company this week. Meanwhile, David Schneider, the Chief Revenue Officer at the company, has sold 10,000 shares at prices that ranged from $76.74 to $78.48. The shares of ServiceNow have gained over 19% year-to-date and the gains are not likely to be over, as the company topped analysts’ expectations for its earnings in the second quarter of 2015. The enterprise cloud company posted non-GAAP net income of $7.3 million, or $0.04 per diluted share, compared to a non-GAAP net loss of $9.4 million, or a loss of $0.07 per diluted share, in the same quarter a year ago. At the same time, ServiceNow experienced a 68% year-over-year increase in the total number of customers, which is a clear sign that the company is on the right track. Within our database of over 700 hedge funds, Donald Chiboucis’ Columbus Circle Investors is the largest shareholder in ServiceNow Inc. (NYSE:NOW), with 2.53 million shares.

Last on our list is Republic Services Inc. (NYSE:RSG), in which two different corporate insiders reported sell-offs of the company’s stock this week. Donald W. Slager, who acts as the Chief Executive Officer and President at Republic Services, reported selling 59,850 shares at prices of $42.00 and $42.50. Republic Services also had its Executive Vice President and Chief Legal Officer, Michael P. Rissman, sell its stock this week. He sold 3,575 shares of the company for $41.99 each. The stock has grown by 6% since the beginning of 2015 and is currently trading at an all-time high. Just recently, Republic Services, an industry leader in recycling and non-hazardous solid waste collection in the United States, announced the addition of 17 Compressed Natural Gas (CNG) solid waste collection trucks to its existing fleet, which serves customers throughout the greater Denver area. This move clearly indicates that the company is keen on further developing its operations and activities. From the massive pool of hedge funds that we track, Mario Gabelli’s GAMCO Investors represents the largest shareholder in Republic Services Inc. (NYSE:RSG), owning 2.95 million shares.

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