ServiceNow Inc (NYSE:NOW) CRO David Schneider sold 2,373 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $157.78, for a total value of $374,411.94. Following the completion of the sale, the executive now owns 37,330 shares of the company’s stock, valued at $5,889,927.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
David Schneider also recently made the following trade(s):
- On Tuesday, February 20th, David Schneider sold 14,923 shares of ServiceNow stock. The shares were sold at an average price of $154.17, for a total value of $2,300,678.91.
- On Thursday, February 15th, David Schneider sold 2,242 shares of ServiceNow stock. The shares were sold at an average price of $150.00, for a total value of $336,300.00.
Shares of ServiceNow Inc (NYSE:NOW) traded up $4.35 on Friday, reaching $160.40. The company’s stock had a trading volume of 1,035,817 shares, compared to its average volume of 2,276,050. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.66 and a current ratio of 1.66. ServiceNow Inc has a 12-month low of $83.42 and a 12-month high of $160.73. The company has a market capitalization of $26,949.84, a PE ratio of -184.37, a P/E/G ratio of 35.51 and a beta of 1.26.
ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. ServiceNow had a negative return on equity of 24.97% and a negative net margin of 7.71%. The firm had revenue of $546.37 million for the quarter, compared to analysts’ expectations of $532.74 million. During the same quarter last year, the business earned $0.25 earnings per share. The company’s revenue was up 41.7% compared to the same quarter last year. equities analysts expect that ServiceNow Inc will post 0.1 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of NOW. Ark Investment Management LLC boosted its holdings in ServiceNow by 113.3% during the second quarter. Ark Investment Management LLC now owns 7,713 shares of the information technology services provider’s stock worth $818,000 after buying an additional 4,097 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ServiceNow by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 158,144 shares of the information technology services provider’s stock valued at $16,764,000 after purchasing an additional 4,803 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of ServiceNow by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 2,040 shares of the information technology services provider’s stock valued at $216,000 after purchasing an additional 224 shares in the last quarter. Shell Asset Management Co. lifted its holdings in shares of ServiceNow by 88.5% during the 3rd quarter. Shell Asset Management Co. now owns 20,302 shares of the information technology services provider’s stock valued at $1,193,000 after purchasing an additional 9,531 shares in the last quarter. Finally, Rockefeller Financial Services Inc. bought a new position in shares of ServiceNow during the 3rd quarter valued at about $138,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.
A number of brokerages have recently weighed in on NOW. Barclays raised their target price on ServiceNow from $158.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group restated a “buy” rating and issued a $180.00 target price (up from $168.00) on shares of ServiceNow in a research note on Thursday, February 1st. They noted that the move was a valuation call. Credit Suisse Group restated a “buy” rating and issued a $165.00 target price on shares of ServiceNow in a research note on Sunday, February 11th. Sanford C. Bernstein restated an “outperform” rating and issued a $208.00 target price (up from $158.00) on shares of ServiceNow in a research note on Thursday, February 1st. Finally, Canaccord Genuity restated a “buy” rating and issued a $175.00 target price (up from $150.00) on shares of ServiceNow in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $149.72.
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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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