Insider Selling: Frank Slootman Sells 40,000 Shares of ServiceNow Stock (NOW)
ServiceNow (NYSE:NOW) CEO Frank Slootman sold 40,000 shares of the stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $55.65, for a total transaction of $2,226,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NOW has been the subject of a number of recent research reports. Analysts at FBN Securities raised their price target on shares of ServiceNow from $55.00 to $65.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of ServiceNow from $35.00 to $40.00 in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of ServiceNow from $56.00 to $65.00 in a research note to investors on Thursday, October 24th. They now have a “positive” rating on the stock. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $57.54.
Shares of ServiceNow (NYSE:NOW) traded down 0.92% on Friday, hitting $55.18. The stock had a trading volume of 668,053 shares. ServiceNow has a 52 week low of $25.54 and a 52 week high of $58.41. The stock’s 50-day moving average is $52.86 and its 200-day moving average is $48.72. The company’s market cap is $7.655 billion.
ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. The company had revenue of $111.30 million for the quarter, compared to the consensus estimate of $105.33 million. During the same quarter last year, the company posted ($0.06) earnings per share. ServiceNow’s revenue was up 73.1% compared to the same quarter last year.
ServiceNow, Inc is a provider of cloud-based services to automate enterprise information technology (NYSE:NOW) operations.
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