ServiceNow CFO Michael Scarpelli Sells 20,000 Shares (NOW)
ServiceNow (NYSE:NOW) CFO Michael Scarpelli sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $59.14, for a total transaction of $1,182,800.00. Following the completion of the sale, the chief financial officer now directly owns 150,889 shares in the company, valued at approximately $8,923,575. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at RBC Capital initiated coverage on shares of ServiceNow in a research note to investors on Monday. They set an “outperform” rating and a $70.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of ServiceNow from $60.00 to $65.00 in a research note to investors on Friday, January 10th. They now have an “overweight” rating on the stock. Finally, 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. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $58.33.
Shares of ServiceNow (NYSE:NOW) traded up 4.65% during mid-day trading on Wednesday, hitting $60.31. The stock had a trading volume of 1,530,503 shares. ServiceNow has a 52 week low of $25.71 and a 52 week high of $59.98. The stock has a 50-day moving average of $53.99 and a 200-day moving average of $49.91. The company’s market cap is $8.367 billion.
ServiceNow (NYSE:NOW) last released its earnings data on Wednesday, October 23rd. The company reported $0.01 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that ServiceNow will post $-0.07 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.
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