ServiceNow Inc. (NYSE:NOW) CRO David Schneider sold 3,627 shares of ServiceNow stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $84.47, for a total transaction of $306,372.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

David Schneider also recently made the following trade(s):

  • On Wednesday, October 5th, David Schneider sold 4,500 shares of ServiceNow stock. The stock was sold at an average price of $79.01, for a total transaction of $355,545.00.
  • 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.

ServiceNow Inc. (NYSE:NOW) opened at 82.14 on Friday. The firm’s 50-day moving average is $80.35 and its 200 day moving average is $74.26. The stock’s market cap is $13.58 billion. ServiceNow Inc. has a 52 week low of $46.00 and a 52 week high of $91.28.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, October 26th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $357.66 million for the quarter, compared to analyst estimates of $352.16 million. ServiceNow had a negative net margin of 35.38% and a negative return on equity of 38.73%. The business’s revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. On average, equities research analysts expect that ServiceNow Inc. will post $0.70 EPS for the current year.

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

Several analysts have weighed in on the stock. Citigroup Inc. boosted their target price on shares of ServiceNow from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 20th. MKM Partners reissued a “neutral” rating on shares of ServiceNow in a research report on Friday, November 4th. Wunderlich boosted their target price on shares of ServiceNow from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, October 27th. Zacks Investment Research raised shares of ServiceNow from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Wednesday, August 3rd. Finally, Pacific Crest boosted their target price on shares of ServiceNow from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. ServiceNow presently has a consensus rating of “Buy” and a consensus price target of $85.93.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its position in ServiceNow by 8,434.4% in the first quarter. Canada Pension Plan Investment Board now owns 35,930 shares of the company’s stock valued at $2,198,000 after buying an additional 35,509 shares during the period. State Street Corp increased its position in ServiceNow by 3.9% in the first quarter. State Street Corp now owns 2,817,471 shares of the company’s stock valued at $172,380,000 after buying an additional 106,720 shares during the period. Geode Capital Management LLC increased its position in ServiceNow by 4.4% in the first quarter. Geode Capital Management LLC now owns 877,926 shares of the company’s stock valued at $53,680,000 after buying an additional 36,634 shares during the period. National Pension Service increased its position in ServiceNow by 4.4% in the first quarter. National Pension Service now owns 102,276 shares of the company’s stock valued at $6,257,000 after buying an additional 4,346 shares during the period. Finally, Legal & General Group Plc increased its position in ServiceNow by 3.5% in the first quarter. Legal & General Group Plc now owns 580,538 shares of the company’s stock valued at $35,517,000 after buying an additional 19,362 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

About ServiceNow

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.

5 Day Chart for NYSE:NOW

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