Insider Selling: ServiceNow SVP Sells 29,000 Shares of Stock (NOW)
ServiceNow (NYSE:NOW) SVP David Schneider sold 29,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $49.50, for a total value of $1,435,500.00. Following the transaction, the senior vice president now directly owns 730 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on NOW. Analysts at Canaccord Genuity initiated coverage on shares of ServiceNow (NYSE:NOW) in a research note to investors on Friday, September 6th. They set a “buy” rating and a $55.00 price target on the stock. Separately, analysts at JMP Securities initiated coverage on shares of ServiceNow (NYSE:NOW) in a research note to investors on Wednesday, September 4th. They set an “outperform” rating and a $56.00 price target on the stock. Finally, analysts at Robert W. Baird initiated coverage on shares of ServiceNow (NYSE:NOW) in a research note to investors on Wednesday, August 28th. They set a “neutral” rating and a $52.00 price target on the stock. They noted that the move was a valuation call.
Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $47.12.
Shares of ServiceNow (NYSE:NOW) traded down 0.88% during mid-day trading on Thursday, hitting $49.45. 1,246,351 shares of the company’s stock traded hands. ServiceNow has a 52-week low of $25.54 and a 52-week high of $50.27. The stock has a 50-day moving average of $45.18 and a 200-day moving average of $40.06. The company’s market cap is $6.765 billion.
ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.01. The company had revenue of $102.20 million for the quarter, compared to the consensus estimate of $95.52 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 79.9% on a year-over-year basis. On average, analysts predict that ServiceNow will post $-0.09 earnings per share for the current fiscal year.
ServiceNow, Inc is a provider of cloud-based services to automate enterprise information technology (NYSE:NOW) operations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.