Insider Selling: David Schneider Unloads 31,000 Shares of ServiceNow Stock (NOW)
ServiceNow (NYSE:NOW) CRO David Schneider sold 31,000 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $54.88, for a total transaction of $1,701,280.00. Following the transaction, the executive now directly owns 33,876 shares in the company, valued at approximately $1,859,115. The sale was disclosed in a 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 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. The company has an average rating of “Buy” and an average target price of $65.70.
Shares of ServiceNow (NYSE:NOW) traded down 0.35% during mid-day trading on Friday, hitting $54.70. 937,433 shares of the company’s stock traded hands. ServiceNow has a 52-week low of $43.52 and a 52-week high of $71.80. The stock’s 50-day moving average is $57.9 and its 200-day moving average is $58.21. 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) EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue 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.
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