ServiceNow Insider Frederic Luddy Sells 162,000 Shares (NOW)
ServiceNow (NYSE:NOW) Insider Frederic Luddy sold 162,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $51.75, for a total transaction of $8,383,500.00. Following the sale, the insider now directly owns 8,877,425 shares in the company, valued at approximately $459,406,744. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
ServiceNow (NYSE:NOW) traded up 4.37% during mid-day trading on Friday, hitting $54.43. 1,688,824 shares of the company’s stock traded hands. ServiceNow has a one year low of $25.54 and a one year high of $55.46. The stock’s 50-day moving average is $49.03 and its 200-day moving average is $42.00. The company’s market cap is $7.446 billion.
ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 79.9% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Northland Securities upgraded shares of ServiceNow (NYSE:NOW) from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. They now have a $62.00 price target on the stock, up previously from $42.50. Separately, analysts at Northland Capital Partners upgraded shares of ServiceNow (NYSE:NOW) from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. They now have a $62.00 price target on the stock, up previously from $42.50. Finally, analysts at UBS AG raised their price target on shares of ServiceNow (NYSE:NOW) from $50.00 to $62.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. ServiceNow currently has a consensus rating of “Buy” and a consensus target price of $51.55.
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.