David Schneider Sells 16,349 Shares of ServiceNow, Inc. (NOW) Stock
ServiceNow, Inc. (NYSE:NOW) CRO David Schneider sold 16,349 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $107.25, for a total transaction of $1,753,430.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
David Schneider also recently made the following trade(s):
- On Friday, May 19th, David Schneider sold 6,430 shares of ServiceNow stock. The shares were sold at an average price of $99.50, for a total transaction of $639,785.00.
Shares of ServiceNow, Inc. (NYSE NOW) opened at 109.50 on Thursday. The stock’s market capitalization is $18.69 billion. The firm has a 50 day moving average of $108.35 and a 200-day moving average of $97.55. ServiceNow, Inc. has a 12 month low of $71.25 and a 12 month high of $115.85.
ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, July 26th. The information technology services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. ServiceNow had a negative net margin of 10.17% and a negative return on equity of 29.05%. The business had revenue of $471.70 million for the quarter, compared to analysts’ expectations of $462.11 million. During the same period in the previous year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 38.2% compared to the same quarter last year. Analysts forecast that ServiceNow, Inc. will post $1.17 earnings per share for the current year.
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NOW has been the subject of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of ServiceNow in a research note 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 research note on Tuesday, July 11th. Guggenheim reiterated a “buy” rating and set a $120.00 price objective (up from $108.00) on shares of ServiceNow in a research note on Thursday, July 27th. BMO Capital Markets lifted their price objective on shares of ServiceNow from $104.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $110.00 price objective on shares of ServiceNow in a research note on Monday, May 29th. Eight investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $115.96.
Several hedge funds have recently modified their holdings of the company. Cornerstone Advisors Inc. raised its stake in shares of ServiceNow by 29.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,085 shares of the information technology services provider’s stock worth $115,000 after buying an additional 245 shares during the period. Barrett Asset Management LLC bought a new stake in shares of ServiceNow during the second quarter worth about $117,000. Global X Management Co. LLC raised its stake in shares of ServiceNow by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,407 shares of the information technology services provider’s stock worth $123,000 after buying an additional 330 shares during the period. Hartford Financial Management Inc. bought a new stake in shares of ServiceNow during the first quarter worth about $125,000. Finally, TLP Group LLC bought a new stake in shares of ServiceNow during the first quarter worth about $131,000. Institutional investors and hedge funds own 98.25% of the company’s stock.
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.
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