ServiceNow SVP Sells $1,563,650 in Stock (NOW)
ServiceNow (NYSE:NOW) SVP David Schneider sold 27,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $56.86, for a total value of $1,563,650.00. Following the completion of the transaction, the senior vice president now directly owns 730 shares of the company’s stock, valued at approximately $41,508. The sale was disclosed in a document filed with the SEC, which is available at this link.
ServiceNow (NYSE:NOW) traded up 0.19% on Wednesday, hitting $57.89. 1,544,901 shares of the company’s stock traded hands. ServiceNow has a 52 week low of $25.54 and a 52 week high of $58.85. The stock’s 50-day moving average is $53.21 and its 200-day moving average is $49.26. The company’s market cap is $8.031 billion.
ServiceNow (NYSE:NOW) last announced its 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 in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 73.1% on a year-over-year basis. On average, analysts predict that ServiceNow will post $-0.07 earnings per share for the current fiscal year.
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 investment 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 stock. The stock has a consensus rating of “Buy” and a consensus target price of $57.54.
ServiceNow, Inc is a provider of cloud-based services to automate enterprise information technology (NYSE:NOW) operations.
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