ServiceNow, Inc. (NYSE:NOW) Director Frank Slootman sold 150,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $104.09, for a total transaction of $15,613,500.00. Following the transaction, the director now owns 356,287 shares of the company’s stock, valued at $37,085,913.83. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of ServiceNow, Inc. (NOW) traded down 0.54% during midday trading on Thursday, reaching $104.54. 1,664,738 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $103.78 and its 200 day moving average price is $90.97. ServiceNow, Inc. has a 12-month low of $64.31 and a 12-month high of $110.66. The company’s market cap is $17.74 billion.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, April 26th. The information technology services provider reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.16) by $0.02. ServiceNow had a negative net margin of 10.60% and a negative return on equity of 31.34%. The business had revenue of $416.80 million during the quarter, compared to the consensus estimate of $409.26 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 36.3% compared to the same quarter last year. Equities analysts anticipate that ServiceNow, Inc. will post $1.17 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. Global X Management Co. LLC raised its stake in ServiceNow by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,407 shares of the information technology services provider’s stock valued at $123,000 after buying an additional 330 shares in the last quarter. Hartford Financial Management Inc. acquired a new stake in ServiceNow during the first quarter valued at approximately $125,000. TLP Group LLC acquired a new stake in ServiceNow during the first quarter valued at approximately $131,000. First Personal Financial Services raised its stake in ServiceNow by 37.5% in the first quarter. First Personal Financial Services now owns 1,623 shares of the information technology services provider’s stock valued at $142,000 after buying an additional 443 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in ServiceNow by 357.0% in the first quarter. IFP Advisors Inc now owns 1,773 shares of the information technology services provider’s stock valued at $155,000 after buying an additional 1,385 shares in the last quarter. Institutional investors and hedge funds own 97.68% of the company’s stock.

NOW has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of ServiceNow from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a report on Friday, April 28th. Morgan Stanley lifted their price objective on shares of ServiceNow from $108.00 to $114.00 and gave the stock an “overweight” rating in a report on Friday, April 28th. BMO Capital Markets lifted their price objective on shares of ServiceNow from $104.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Royal Bank Of Canada lifted their price objective on shares of ServiceNow from $108.00 to $110.00 and gave the stock a “top pick” rating in a report on Thursday, April 27th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $115.00 price objective (up from $107.00) on shares of ServiceNow in a report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $105.25.

ServiceNow Company Profile

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

Insider Buying and Selling by Quarter for ServiceNow (NYSE:NOW)

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