ServiceNow (NOW) CRO Sells $400,156.40 in Stock

ServiceNow (NYSE:NOW) CRO David Schneider sold 2,372 shares of the firm’s stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $168.70, for a total value of $400,156.40. Following the sale, the executive now owns 39,703 shares in the company, valued at approximately $6,697,896.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, May 21st, David Schneider sold 14,923 shares of ServiceNow stock. The stock was sold at an average price of $173.08, for a total value of $2,582,872.84.

ServiceNow traded up $1.56, hitting $175.52, during mid-day trading on Thursday, Marketbeat.com reports. The company had a trading volume of 1,551,400 shares, compared to its average volume of 1,953,943. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.19 and a quick ratio of 1.19. ServiceNow has a 1 year low of $99.01 and a 1 year high of $182.59. The firm has a market capitalization of $30.08 billion, a PE ratio of -167.16, a price-to-earnings-growth ratio of 29.33 and a beta of 1.07.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, April 25th. The information technology services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.37 by $0.19. ServiceNow had a negative return on equity of 10.63% and a negative net margin of 4.65%. The company had revenue of $589.20 million for the quarter, compared to analyst estimates of $570.63 million. During the same period last year, the company posted $0.25 earnings per share. The firm’s revenue was up 37.4% compared to the same quarter last year. equities analysts anticipate that ServiceNow will post 0.13 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Amalgamated Bank raised its position in ServiceNow by 14.3% in the first quarter. Amalgamated Bank now owns 22,241 shares of the information technology services provider’s stock valued at $3,680,000 after purchasing an additional 2,783 shares during the period. WINTON GROUP Ltd raised its position in ServiceNow by 181.7% in the first quarter. WINTON GROUP Ltd now owns 7,433 shares of the information technology services provider’s stock valued at $1,230,000 after purchasing an additional 4,794 shares during the period. Xact Kapitalforvaltning AB raised its position in ServiceNow by 8.6% in the first quarter. Xact Kapitalforvaltning AB now owns 27,503 shares of the information technology services provider’s stock valued at $4,550,000 after purchasing an additional 2,173 shares during the period. Atlantic Trust Group LLC raised its position in ServiceNow by 803.6% in the first quarter. Atlantic Trust Group LLC now owns 11,096 shares of the information technology services provider’s stock valued at $1,836,000 after purchasing an additional 9,868 shares during the period. Finally, Kingfisher Capital LLC raised its position in ServiceNow by 8.9% in the first quarter. Kingfisher Capital LLC now owns 4,673 shares of the information technology services provider’s stock valued at $773,000 after purchasing an additional 383 shares during the period. 97.83% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on NOW. Raymond James raised their price objective on ServiceNow from $190.00 to $202.00 and gave the stock a “strong-buy” rating in a report on Tuesday, May 8th. UBS set a $196.00 price objective on ServiceNow and gave the stock a “buy” rating in a report on Tuesday, May 8th. Macquarie raised their price objective on ServiceNow from $165.00 to $172.00 and gave the stock an “outperform” rating in a report on Thursday, April 26th. Canaccord Genuity raised their price objective on ServiceNow from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, May 9th. Finally, Stifel Nicolaus raised their price objective on ServiceNow from $150.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, April 26th. Five investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $169.07.

About ServiceNow

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.

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

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