ServiceNow Inc (NOW) Director Frank Slootman Sells 31,716 Shares

ServiceNow Inc (NYSE:NOW) Director Frank Slootman sold 31,716 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $147.18, for a total transaction of $4,667,960.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, February 6th, Frank Slootman sold 100,000 shares of ServiceNow stock. The stock was sold at an average price of $146.27, for a total transaction of $14,627,000.00.

ServiceNow Inc (NYSE:NOW) traded up $0.19 during mid-day trading on Wednesday, hitting $147.74. 1,852,112 shares of the company traded hands, compared to its average volume of 2,025,368. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.66 and a quick ratio of 1.66. ServiceNow Inc has a fifty-two week low of $83.42 and a fifty-two week high of $157.00. The firm has a market capitalization of $25,220.00, a P/E ratio of -169.82, a PEG ratio of 31.31 and a beta of 1.26.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. ServiceNow had a negative net margin of 7.71% and a negative return on equity of 24.97%. The business had revenue of $546.37 million for the quarter, compared to the consensus estimate of $532.74 million. During the same period in the prior year, the company posted $0.25 earnings per share. ServiceNow’s revenue was up 41.7% compared to the same quarter last year. equities research analysts anticipate that ServiceNow Inc will post 0.1 earnings per share for the current fiscal year.

Several research firms have issued reports on NOW. Barclays upped their price target on shares of ServiceNow from $150.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. KeyCorp reaffirmed an “overweight” rating and set a $150.00 price target (up from $125.00) on shares of ServiceNow in a research report on Thursday, October 26th. Argus reaffirmed a “buy” rating and set a $150.00 price target (up from $125.00) on shares of ServiceNow in a research report on Friday, October 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $150.00 price target (up from $130.00) on shares of ServiceNow in a research report on Thursday, October 26th. Finally, Mizuho reissued a “buy” rating and issued a $140.00 price objective on shares of ServiceNow in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $148.97.

Several hedge funds have recently added to or reduced their stakes in NOW. Ark Investment Management LLC grew its stake in shares of ServiceNow by 113.3% in the second quarter. Ark Investment Management LLC now owns 7,713 shares of the information technology services provider’s stock valued at $818,000 after acquiring an additional 4,097 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in ServiceNow by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 158,144 shares of the information technology services provider’s stock worth $16,764,000 after buying an additional 4,803 shares in the last quarter. AHL Partners LLP acquired a new stake in ServiceNow during the second quarter worth about $287,000. Castleark Management LLC acquired a new stake in ServiceNow during the second quarter worth about $446,000. Finally, WINTON GROUP Ltd acquired a new stake in ServiceNow during the second quarter worth about $262,000.

ILLEGAL ACTIVITY WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2018/02/14/servicenow-inc-now-director-frank-slootman-sells-31716-shares.html.

About ServiceNow

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)

Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply