ServiceNow, Inc. (NYSE:NOW) Director Frank Slootman sold 150,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $125.96, for a total transaction of $18,894,000.00. Following the completion of the sale, the director now directly owns 216,535 shares of the company’s stock, valued at approximately $27,274,748.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Frank Slootman also recently made the following trade(s):

  • On Monday, October 2nd, Frank Slootman sold 150,000 shares of ServiceNow stock. The shares were sold at an average price of $117.17, for a total transaction of $17,575,500.00.
  • On Friday, September 1st, Frank Slootman sold 150,000 shares of ServiceNow stock. The shares were sold at an average price of $115.38, for a total transaction of $17,307,000.00.
  • On Tuesday, August 8th, Frank Slootman sold 31,293 shares of ServiceNow stock. The shares were sold at an average price of $107.84, for a total transaction of $3,374,637.12.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. The company had revenue of $498.20 million for the quarter, compared to analyst estimates of $491.62 million. ServiceNow had a negative net margin of 8.68% and a negative return on equity of 23.64%. The company’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS.

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A number of institutional investors have recently added to or reduced their stakes in NOW. LS Investment Advisors LLC lifted its stake in ServiceNow by 3.6% in the second quarter. LS Investment Advisors LLC now owns 1,738 shares of the information technology services provider’s stock valued at $184,000 after buying an additional 61 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in shares of ServiceNow by 5.8% in the second quarter. Commonwealth Bank of Australia now owns 1,518 shares of the information technology services provider’s stock valued at $159,000 after purchasing an additional 83 shares during the last quarter. Crow Point Partners LLC raised its holdings in shares of ServiceNow by 8.8% in the second quarter. Crow Point Partners LLC now owns 1,320 shares of the information technology services provider’s stock valued at $140,000 after purchasing an additional 107 shares during the last quarter. Comerica Bank raised its holdings in shares of ServiceNow by 2.6% in the second quarter. Comerica Bank now owns 7,959 shares of the information technology services provider’s stock valued at $859,000 after purchasing an additional 205 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of ServiceNow by 12.3% in the second quarter. Toronto Dominion Bank now owns 2,040 shares of the information technology services provider’s stock valued at $216,000 after purchasing an additional 224 shares during the last quarter.

A number of equities research analysts recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of ServiceNow in a research report on Tuesday, September 5th. They set an “outperform” rating and a $135.00 price objective for the company. Robert W. Baird set a $120.00 price objective on shares of ServiceNow and gave the company a “buy” rating in a research report on Friday, October 6th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of ServiceNow in a research report on Friday, July 28th. JMP Securities reaffirmed an “outperform” rating on shares of ServiceNow in a research report on Thursday, July 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $127.00 price objective on shares of ServiceNow in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. ServiceNow currently has an average rating of “Buy” and an average price target of $126.57.

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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