ServiceNow CRO David Schneider Sells 31,000 Shares (NOW)
ServiceNow (NYSE:NOW) CRO David Schneider sold 31,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $56.03, for a total value of $1,736,930.00. Following the completion of the sale, the executive now directly owns 33,742 shares of the company’s stock, valued at approximately $1,890,564. The sale was disclosed in a document filed with the SEC, which can be accessed through 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, June 2nd. 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 equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $63.06.
ServiceNow (NYSE:NOW) traded up 2.99% during mid-day trading on Friday, hitting $59.20. The stock had a trading volume of 1,869,062 shares. ServiceNow has a 52 week low of $37.23 and a 52 week high of $71.80. The stock has a 50-day moving average of $50.78 and a 200-day moving average of $57.20. The company’s market cap is $8.491 billion.
ServiceNow (NYSE:NOW) last released its earnings data on Wednesday, April 23rd. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 61.8% on a year-over-year basis. Analysts expect that ServiceNow will post $-0.06 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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