ServiceNow CEO Frank Slootman Sells 120,000 Shares (NOW)
ServiceNow (NYSE:NOW) CEO Frank Slootman sold 120,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $63.68, for a total transaction of $7,641,600.00. Following the sale, the chief executive officer now directly owns 38,460 shares in the company, valued at approximately $2,449,133. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $63.06.
ServiceNow (NYSE:NOW) traded down 0.84% on Thursday, hitting $61.60. 598,146 shares of the company’s stock traded hands. ServiceNow has a one year low of $41.33 and a one year high of $71.80. The stock has a 50-day moving average of $55.73 and a 200-day moving average of $58.12. The company’s market cap is $8.835 billion.
ServiceNow (NYSE:NOW) last announced its earnings results 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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