ServiceNow Director Charles Noell III Unloads 150,000 Shares (NOW)
ServiceNow (NYSE:NOW) Director Charles Noell III unloaded 150,000 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $63.53, for a total transaction of $9,529,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of ServiceNow from $65.00 to $71.00 in a research note to investors on Thursday, January 30th. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of ServiceNow from $63.00 to $69.00 in a research note to investors on Thursday, January 30th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of ServiceNow from $70.00 to $74.00 in a research note to investors on Thursday, January 30th. They now have an “outperform” rating on the stock. Three 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 company. ServiceNow currently has an average rating of “Buy” and an average target price of $63.83.
ServiceNow (NYSE:NOW) traded up 5.81% during mid-day trading on Friday, hitting $66.29. 2,967,332 shares of the company’s stock traded hands. ServiceNow has a 52 week low of $28.70 and a 52 week high of $70.48. The stock’s 50-day moving average is $59.13 and its 200-day moving average is $52.06. The company’s market cap is $9.248 billion.
ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. The company had revenue of $125.20 million for the quarter, compared to the consensus estimate of $120.25 million. ServiceNow’s revenue was up 66.5% compared to the same quarter last year. Analysts expect that ServiceNow will post $-0.05 EPS 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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