ServiceNow CFO Michael Scarpelli Sells 40,000 Shares (NOW)
ServiceNow (NYSE:NOW) CFO Michael Scarpelli sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $66.86, for a total transaction of $2,674,400.00. Following the completion of the transaction, the chief financial officer now directly owns 151,427 shares in the company, valued at approximately $10,124,409. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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 52-week low of $30.89 and a 52-week high of $70.48. The stock’s 50-day moving average is $60.73 and its 200-day moving average is $52.86. The company’s market cap is $9.421 billion.
ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, January 29th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue was up 66.5% on a year-over-year basis. 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 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 equities research 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 a consensus rating of “Buy” and an average target price of $63.83.
ServiceNow, Inc is a provider of cloud-based services to automate enterprise information technology (NYSE:NOW) operations.
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