Michael Scarpelli Unloads 30,000 Shares of ServiceNow Stock (NOW)
ServiceNow (NYSE:NOW) CFO Michael Scarpelli sold 30,000 shares of ServiceNow stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $54.77, for a total transaction of $1,643,100.00. Following the completion of the sale, the chief financial officer now directly owns 131,427 shares in the company, valued at approximately $7,198,257. The transaction 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 Credit Suisse reiterated a “neutral” rating on shares of ServiceNow in a research note on Thursday, July 31st. They now have a $50.00 price target on the stock, up previously from $40.00. Separately, analysts at RBC Capital raised their price target on shares of ServiceNow from $65.00 to $70.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of ServiceNow from $75.00 to $78.00 in a research note on Thursday, July 31st. They now have a “positive” rating on the stock. Five 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 $65.70.
ServiceNow (NYSE:NOW) traded down 0.35% on Friday, hitting $54.70. The stock had a trading volume of 937,433 shares. ServiceNow has a 1-year low of $43.32 and a 1-year high of $71.80. The stock has a 50-day moving average of $58.1 and a 200-day moving average of $58.24. The company’s market cap is $7.970 billion.
ServiceNow (NYSE:NOW) last released its earnings data on Wednesday, July 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $166.48 million for the quarter, compared to the consensus estimate of $161.53 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 62.9% on a year-over-year basis. Analysts expect that ServiceNow will post $-0.09 EPS for the current fiscal year.
ServiceNow, Inc is a provider of cloud-based services to automate enterprise information technology (NYSE:NOW) operations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.