ServiceNow Inc (NYSE:NOW) CRO David Schneider sold 2,242 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $150.00, for a total transaction of $336,300.00. Following the completion of the transaction, the executive now owns 54,626 shares of the company’s stock, valued at $8,193,900. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of ServiceNow Inc (NYSE:NOW) opened at $154.03 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.10. The company has a market cap of $26,600.98, a price-to-earnings ratio of -177.04, a price-to-earnings-growth ratio of 32.75 and a beta of 1.26. ServiceNow Inc has a twelve month low of $83.42 and a twelve month high of $157.00.
ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $546.37 million during the quarter, compared to analysts’ expectations of $532.74 million. ServiceNow had a negative net margin of 7.71% and a negative return on equity of 24.97%. The business’s quarterly revenue was up 41.7% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. equities analysts predict that ServiceNow Inc will post 0.1 EPS for the current fiscal year.
Several brokerages have issued reports on NOW. Credit Suisse Group restated a “buy” rating and issued a $165.00 price target on shares of ServiceNow in a research report on Sunday, February 11th. UBS Group restated a “buy” rating and issued a $180.00 price target (up from $168.00) on shares of ServiceNow in a research report on Thursday, February 1st. They noted that the move was a valuation call. Sanford C. Bernstein restated an “outperform” rating and issued a $208.00 price target (up from $158.00) on shares of ServiceNow in a research report on Thursday, February 1st. Canaccord Genuity restated a “buy” rating and issued a $175.00 price target (up from $150.00) on shares of ServiceNow in a research report on Thursday, February 1st. Finally, Royal Bank of Canada restated a “buy” rating and issued a $160.00 price target on shares of ServiceNow in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $148.97.
A number of large investors have recently bought and sold shares of NOW. SeaBridge Investment Advisors LLC acquired a new stake in ServiceNow in the third quarter worth $118,000. Exane Derivatives grew its holdings in ServiceNow by 90.3% in the fourth quarter. Exane Derivatives now owns 925 shares of the information technology services provider’s stock worth $121,000 after purchasing an additional 439 shares during the period. Cerebellum GP LLC acquired a new stake in ServiceNow in the fourth quarter worth $131,000. Roble Belko & Company Inc grew its holdings in ServiceNow by 5,263.2% in the fourth quarter. Roble Belko & Company Inc now owns 1,019 shares of the information technology services provider’s stock worth $133,000 after purchasing an additional 1,000 shares during the period. Finally, Rockefeller Financial Services Inc. acquired a new stake in ServiceNow in the third quarter worth $138,000.
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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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