Insider Selling: ServiceNow Inc. (NOW) CRO Sells 4,500 Shares of Stock
ServiceNow Inc. (NYSE:NOW) CRO David Schneider sold 4,500 shares of the firm’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $79.01, for a total transaction of $355,545.00. Following the sale, the executive now owns 29,694 shares in the company, valued at $2,346,122.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
David Schneider also recently made the following trade(s):
- On Thursday, August 18th, David Schneider sold 11,047 shares of ServiceNow stock. The shares were sold at an average price of $72.98, for a total transaction of $806,210.06.
- On Monday, August 8th, David Schneider sold 3,627 shares of ServiceNow stock. The shares were sold at an average price of $75.00, for a total transaction of $272,025.00.
- On Monday, July 11th, David Schneider sold 5,000 shares of ServiceNow stock. The shares were sold at an average price of $69.26, for a total transaction of $346,300.00.
ServiceNow Inc. (NYSE:NOW) opened at 78.52 on Friday. ServiceNow Inc. has a 52 week low of $46.00 and a 52 week high of $91.28. The firm’s 50-day moving average is $75.91 and its 200-day moving average is $71.36. The firm’s market cap is $12.92 billion.
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ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. ServiceNow had a negative net margin of 38.64% and a negative return on equity of 36.56%. The business earned $341.30 million during the quarter, compared to analysts’ expectations of $334.07 million. During the same period last year, the business earned $0.05 earnings per share. The business’s revenue for the quarter was up 38.3% on a year-over-year basis. On average, equities analysts anticipate that ServiceNow Inc. will post $0.66 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of ServiceNow by 3.9% in the first quarter. State Street Corp now owns 2,817,471 shares of the company’s stock worth $172,380,000 after buying an additional 106,720 shares in the last quarter. Geode Capital Management LLC raised its position in ServiceNow by 4.4% in the first quarter. Geode Capital Management LLC now owns 877,926 shares of the company’s stock valued at $53,680,000 after buying an additional 36,634 shares during the last quarter. Strs Ohio raised its position in ServiceNow by 51.0% in the second quarter. Strs Ohio now owns 589,514 shares of the company’s stock valued at $39,143,000 after buying an additional 199,190 shares during the last quarter. Canada Pension Plan Investment Board raised its position in ServiceNow by 8,434.4% in the first quarter. Canada Pension Plan Investment Board now owns 35,930 shares of the company’s stock valued at $2,198,000 after buying an additional 35,509 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in ServiceNow during the first quarter valued at approximately $214,000. Institutional investors and hedge funds own 95.72% of the company’s stock.
A number of analysts have issued reports on NOW shares. Cowen and Company started coverage on shares of ServiceNow in a report on Friday, June 24th. They issued an “outperform” rating and a $95.00 price target on the stock. Vetr upgraded shares of ServiceNow from a “buy” rating to a “strong-buy” rating and set a $90.24 price target on the stock in a report on Monday, July 18th. OTR Global upgraded shares of ServiceNow to a “positive” rating in a report on Wednesday, July 13th. Oppenheimer Holdings Inc. began coverage on shares of ServiceNow in a report on Thursday, June 16th. They issued a “market perform” rating on the stock. Finally, Morgan Stanley boosted their target price on shares of ServiceNow from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $84.47.
ServiceNow Company Profile
ServiceNow, Inc is a provider of cloud-based solutions that define, structure, manage and automate services across the global enterprise. The Company provides cloud-based service management and business management solutions that address the needs of various departments within an enterprise, including information technology (IT), human resources (HR), facilities, field service, marketing, customer service, security, legal and finance.
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