ServiceNow SVP Sells $595,600 in Stock (NOW)
ServiceNow (NYSE:NOW) SVP Daniel Mcgee sold 10,000 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $59.56, for a total value of $595,600.00. Following the transaction, the senior vice president now directly owns 34,758 shares in the company, valued at approximately $2,070,186. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on NOW shares. 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 investment 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.06.
Shares of ServiceNow (NYSE:NOW) traded up 0.37% during mid-day trading on Wednesday, hitting $60.22. 971,354 shares of the company’s stock traded hands. ServiceNow has a 52-week low of $37.61 and a 52-week high of $71.80. The stock’s 50-day moving average is $51.80 and its 200-day moving average is $57.36. The company’s market cap is $8.638 billion.
ServiceNow (NYSE:NOW) last issued its quarterly 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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