ServiceNow SVP Sells $564,500 in Stock (NOW)
ServiceNow (NYSE:NOW) SVP Daniel Mcgee sold 10,000 shares of the company’s stock on the open market in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $56.45, for a total value of $564,500.00. Following the transaction, the senior vice president now directly owns 34,758 shares in the company, valued at approximately $1,962,089. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NOW has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. ServiceNow presently has an average rating of “Buy” and an average target price of $63.06.
Shares of ServiceNow (NYSE:NOW) traded up 0.25% on Thursday, hitting $56.46. 1,510,704 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’s 50-day moving average is $57.82 and its 200-day moving average is $58.4. The company’s market cap is $8.098 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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