Frederic B. Luddy Sells 22,000 Shares of ServiceNow Inc (NOW) Stock
ServiceNow Inc (NYSE:NOW) Director Frederic B. Luddy sold 22,000 shares of ServiceNow stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $238.46, for a total transaction of $5,246,120.00. Following the completion of the transaction, the director now directly owns 1,770 shares in the company, valued at approximately $422,074.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NYSE NOW opened at $241.59 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.16. ServiceNow Inc has a 12-month low of $147.63 and a 12-month high of $245.33. The company has a market capitalization of $43.79 billion, a PE ratio of 1,207.95, a price-to-earnings-growth ratio of 24.46 and a beta of 1.44.
ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, January 30th. The information technology services provider reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.14. ServiceNow had a negative net margin of 1.02% and a positive return on equity of 3.95%. The company had revenue of $715.44 million for the quarter, compared to the consensus estimate of $717.73 million. During the same period last year, the company earned $0.37 earnings per share. The firm’s revenue was up 30.3% compared to the same quarter last year. On average, analysts predict that ServiceNow Inc will post 0.35 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. We Are One Seven LLC acquired a new position in ServiceNow during the fourth quarter worth $27,000. Claybrook Capital LLC acquired a new position in ServiceNow during the fourth quarter worth $28,000. Shine Investment Advisory Services Inc. increased its holdings in ServiceNow by 50.5% during the fourth quarter. Shine Investment Advisory Services Inc. now owns 167 shares of the information technology services provider’s stock worth $30,000 after buying an additional 56 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in ServiceNow during the fourth quarter worth $30,000. Finally, North Star Investment Management Corp. acquired a new position in ServiceNow during the fourth quarter worth $31,000. Institutional investors and hedge funds own 97.07% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2019/03/15/frederic-b-luddy-sells-22000-shares-of-servicenow-inc-now-stock.html.
ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.
Recommended Story: What is a Leveraged Buyout (LBO)?
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.