ServiceNow, Inc. (NYSE:NOW) Director Frank Slootman sold 150,000 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $104.09, for a total transaction of $15,613,500.00. Following the completion of the sale, the director now owns 356,287 shares of the company’s stock, valued at approximately $37,085,913.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, August 2nd, Frank Slootman sold 252,211 shares of ServiceNow stock. The shares were sold at an average price of $109.19, for a total transaction of $27,538,919.09.

ServiceNow, Inc. (NYSE:NOW) traded up 2.42% during trading on Friday, hitting $109.71. 1,780,576 shares of the stock were exchanged. ServiceNow, Inc. has a 1-year low of $71.25 and a 1-year high of $115.85. The firm’s market capitalization is $18.70 billion. The company has a 50-day moving average price of $107.37 and a 200 day moving average price of $95.91.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, July 26th. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. The company had revenue of $471.70 million during the quarter, compared to the consensus estimate of $462.11 million. ServiceNow had a negative return on equity of 30.72% and a negative net margin of 10.17%. The firm’s revenue was up 38.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. Equities analysts predict that ServiceNow, Inc. will post $1.17 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in NOW. Inverness Counsel LLC NY increased its position in shares of ServiceNow by 28.4% in the first quarter. Inverness Counsel LLC NY now owns 119,639 shares of the information technology services provider’s stock worth $10,108,000 after buying an additional 26,490 shares during the period. Capstone Asset Management Co. increased its position in shares of ServiceNow by 16.3% in the first quarter. Capstone Asset Management Co. now owns 3,782 shares of the information technology services provider’s stock worth $331,000 after buying an additional 530 shares during the period. Bank of Montreal Can increased its position in shares of ServiceNow by 65.2% in the first quarter. Bank of Montreal Can now owns 153,219 shares of the information technology services provider’s stock worth $13,401,000 after buying an additional 60,487 shares during the period. National Pension Service increased its position in shares of ServiceNow by 5.1% in the first quarter. National Pension Service now owns 152,853 shares of the information technology services provider’s stock worth $13,289,000 after buying an additional 7,415 shares during the period. Finally, Gulf International Bank UK Ltd increased its position in ServiceNow by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 50,351 shares of the information technology services provider’s stock valued at $4,404,000 after buying an additional 500 shares during the last quarter. Institutional investors own 97.50% of the company’s stock.

Several analysts have recently commented on NOW shares. Sanford C. Bernstein started coverage on shares of ServiceNow in a report on Wednesday, May 24th. They issued an “outperform” rating and a $120.00 target price for the company. Zacks Investment Research upgraded shares of ServiceNow from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Guggenheim restated a “buy” rating and set a $120.00 price target (up previously from $108.00) on shares of ServiceNow in a research report on Thursday, July 27th. BMO Capital Markets increased their price target on shares of ServiceNow from $104.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $110.00 price target on shares of ServiceNow in a research report on Monday, May 29th. Eight investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $115.96.

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)

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