ServiceNow, Inc. (NOW) Director Frederic B. Luddy Sells 82,500 Shares
ServiceNow, Inc. (NYSE:NOW) Director Frederic B. Luddy sold 82,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $116.13, for a total value of $9,580,725.00. Following the transaction, the director now owns 29,990 shares in the company, valued at approximately $3,482,738.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of ServiceNow, Inc. (NYSE NOW) traded up 0.13% during trading on Friday, reaching $116.11. The company had a trading volume of 1,001,619 shares. ServiceNow, Inc. has a 12 month low of $72.80 and a 12 month high of $118.64. The stock’s market capitalization is $19.82 billion. The stock’s 50-day moving average price is $111.18 and its 200-day moving average price is $100.61.
ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, July 26th. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $471.70 million during the quarter, compared to analyst estimates of $462.11 million. ServiceNow had a negative return on equity of 29.05% and a negative net margin of 10.17%. The firm’s quarterly revenue was up 38.2% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. Equities analysts forecast that ServiceNow, Inc. will post $1.17 earnings per share for the current fiscal year.
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A number of research analysts recently issued reports on the company. Moffett Nathanson assumed coverage on ServiceNow in a research note on Wednesday, September 6th. They set a “buy” rating on the stock. Credit Suisse Group assumed coverage on ServiceNow in a research note on Tuesday, September 5th. They set an “outperform” rating and a $135.00 price target on the stock. Robert W. Baird restated a “buy” rating and set a $120.00 price target on shares of ServiceNow in a research note on Friday, September 1st. BidaskClub upgraded ServiceNow from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies reiterated a “hold” rating on shares of ServiceNow in a research note on Friday, July 28th. Eight equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $117.40.
A number of hedge funds and other institutional investors have recently modified their holdings of NOW. Capital World Investors bought a new position in ServiceNow during the 2nd quarter valued at $259,594,000. Coatue Management LLC bought a new position in ServiceNow during the 2nd quarter valued at $184,317,000. FMR LLC boosted its stake in ServiceNow by 91.1% during the 1st quarter. FMR LLC now owns 3,280,069 shares of the information technology services provider’s stock valued at $286,908,000 after purchasing an additional 1,563,778 shares in the last quarter. Vanguard Group Inc. boosted its stake in ServiceNow by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 13,244,656 shares of the information technology services provider’s stock valued at $1,158,511,000 after purchasing an additional 994,461 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in ServiceNow by 770.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,072,600 shares of the information technology services provider’s stock valued at $93,820,000 after purchasing an additional 949,400 shares in the last quarter.
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.
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