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ServiceNow (NYSE:NOW) CEO Frank Slootman sold 120,000 shares of ServiceNow stock on the open market in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $50.31, for a total transaction of $6,037,200.00. Following the completion of the transaction, the chief executive officer now directly owns 38,460 shares of the company’s stock, valued at approximately $1,934,923. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on NOW. Analysts at Robert W. Baird initiated coverage on shares of ServiceNow in a research note on Monday. They set a “neutral” rating on the stock. Separately, analysts at Stephens initiated coverage on shares of ServiceNow in a research note on Friday, May 23rd. They set an “overweight” rating on the stock. Finally, analysts at Barclays cut their price target on shares of ServiceNow from $71.00 to $63.00 in a research note on Friday, May 23rd. They now have an “overweight” rating on the stock. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $63.06.

Shares of ServiceNow (NYSE:NOW) traded up 1.49% on Wednesday, hitting $51.16. 1,015,068 shares of the company’s stock traded hands. ServiceNow has a one year low of $35.58 and a one year high of $71.80. The stock’s 50-day moving average is $50.23 and its 200-day moving average is $57.11. The company’s market cap is $7.338 billion.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.08) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.08). The company had revenue of $139.09 million for the quarter, compared to the consensus estimate of $134.64 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 61.8% on a year-over-year basis. On average, analysts predict that ServiceNow will post $-0.06 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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