ServiceNow Inc. (NYSE:NOW) CRO David Schneider sold 4,500 shares of the company’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $79.01, for a total transaction of $355,545.00. Following the completion of the sale, the executive now directly owns 29,694 shares of the company’s stock, valued at $2,346,122.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
David Schneider also recently made the following trade(s):
- On Thursday, August 18th, David Schneider sold 11,047 shares of ServiceNow stock. The stock was 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 stock was 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 stock was sold at an average price of $69.26, for a total transaction of $346,300.00.
Shares of ServiceNow Inc. (NYSE:NOW) opened at 78.52 on Friday. The company’s 50-day moving average is $75.91 and its 200-day moving average is $71.36. The firm’s market capitalization is $12.92 billion. ServiceNow Inc. has a 12-month low of $46.00 and a 12-month high of $91.28.
ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, July 27th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. The business had revenue of $341.30 million for the quarter, compared to the consensus estimate of $334.07 million. ServiceNow had a negative net margin of 38.64% and a negative return on equity of 36.56%. The firm’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. On average, equities analysts forecast that ServiceNow Inc. will post $0.66 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in NOW. Mizuho Asset Management Co. Ltd. increased its position in shares of ServiceNow by 162.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,272 shares of the company’s stock worth $151,000 after buying an additional 1,406 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of ServiceNow by 343.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,379 shares of the company’s stock worth $158,000 after buying an additional 1,843 shares during the last quarter. BlueMountain Capital Management LLC bought a new position in shares of ServiceNow during the second quarter worth approximately $177,000. Quadrature Capital Ltd bought a new position in shares of ServiceNow during the first quarter worth approximately $214,000. Finally, Capstone Asset Management Co. bought a new position in shares of ServiceNow during the second quarter worth approximately $231,000. 95.72% of the stock is currently owned by hedge funds and other institutional investors.
NOW has been the subject of several analyst reports. Vetr raised shares of ServiceNow from a “buy” rating to a “strong-buy” rating and set a $83.80 price target for the company in a report on Monday, June 13th. Oppenheimer Holdings Inc. initiated coverage on shares of ServiceNow in a report on Thursday, June 16th. They set a “market perform” rating for the company. Cowen and Company initiated coverage on shares of ServiceNow in a report on Friday, June 24th. They set an “outperform” rating and a $95.00 price target for the company. OTR Global raised shares of ServiceNow to a “positive” rating in a report on Wednesday, July 13th. Finally, Mizuho upgraded shares of ServiceNow from a “neutral” rating to a “buy” rating and upped their target price for the stock from $70.00 to $85.00 in a research report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus 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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