ServiceNow SVP Sells $1,260,600 in Stock (NOW)
ServiceNow (NYSE:NOW) SVP David Schneider sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $63.03, for a total transaction of $1,260,600.00. Following the completion of the transaction, the senior vice president now directly owns 34,472 shares of the company’s stock, valued at approximately $2,172,770. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of ServiceNow (NYSE:NOW) traded up 5.81% during mid-day trading on Friday, hitting $66.29. The stock had a trading volume of 2,967,332 shares. ServiceNow has a 1-year low of $28.70 and a 1-year high of $70.48. The stock’s 50-day moving average is $58.66 and its 200-day moving average is $51.89. 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 for the quarter, missing the analysts’ 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. On average, analysts predict that ServiceNow will post $-0.05 earnings per share for the current fiscal year.
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 equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $63.83.
ServiceNow, Inc is a provider of cloud-based services to automate enterprise information technology (NYSE:NOW) operations.
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