ServiceNow COO Daniel Mcgee Sells 10,000 Shares (NOW)
ServiceNow (NYSE:NOW) COO Daniel Mcgee sold 10,000 shares of the stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $54.77, for a total transaction of $547,700.00. Following the sale, the chief operating officer now directly owns 35,041 shares of the company’s stock, valued at approximately $1,919,196. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ServiceNow presently has an average rating of “Buy” and a consensus price target of $65.70.
Shares of ServiceNow (NYSE:NOW) traded down 0.54% during mid-day trading on Thursday, hitting $57.22. The stock had a trading volume of 120,139 shares. ServiceNow has a 52-week low of $44.17 and a 52-week high of $71.80. The stock’s 50-day moving average is $57.49 and its 200-day moving average is $58.10. The company’s market cap is $8.337 billion.
ServiceNow (NYSE:NOW) last announced its earnings results 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. On average, analysts predict that ServiceNow will post $-0.09 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.
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.