Insider Selling: David Schneider Sells 50,000 Shares of ServiceNow Stock (NOW)
ServiceNow (NYSE:NOW) SVP David Schneider unloaded 50,000 shares of the stock on the open market in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $66.53, for a total transaction of $3,326,500.00. Following the completion of the sale, the senior vice president now directly owns 34,472 shares of the company’s stock, valued at approximately $2,293,422. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on NOW. Analysts at Barclays raised their price target on shares of ServiceNow from $65.00 to $71.00 in a research note 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 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 on Thursday, January 30th. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $63.83.
Shares of ServiceNow (NYSE:NOW) traded down 0.18% during mid-day trading on Friday, hitting $67.53. 972,318 shares of the company’s stock traded hands. ServiceNow has a 1-year low of $30.89 and a 1-year high of $70.48. The stock has a 50-day moving average of $60.73 and a 200-day moving average of $52.86. The company’s market cap is $9.421 billion.
ServiceNow (NYSE:NOW) last released its earnings data 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. The company’s revenue for the quarter was up 66.5% on a year-over-year basis. 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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