ServiceNow Inc (NYSE:NOW) CRO David Schneider sold 14,923 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $154.17, for a total value of $2,300,678.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
David Schneider also recently made the following trade(s):
- 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.
ServiceNow Inc (NOW) traded up $0.82 during trading on Wednesday, hitting $157.58. 1,924,121 shares of the stock traded hands, compared to its average volume of 2,100,000. 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 fifty-two week low of $83.42 and a fifty-two week high of $160.73. The stock has a market cap of $27,210.00, a PE ratio of -181.13, a P/E/G ratio of 35.05 and a beta of 1.26.
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, meeting the consensus estimate of $0.35. ServiceNow had a negative net margin of 7.71% and a negative return on equity of 24.97%. The business had revenue of $546.37 million for the quarter, compared to analysts’ expectations of $532.74 million. During the same period in the previous year, the company posted $0.25 EPS. ServiceNow’s revenue was up 41.7% on a year-over-year basis. research analysts anticipate that ServiceNow Inc will post 0.1 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. SeaBridge Investment Advisors LLC purchased a new position in shares of ServiceNow during the 3rd quarter valued at $118,000. Exane Derivatives grew its holdings in shares of ServiceNow by 90.3% during the 4th quarter. Exane Derivatives now owns 925 shares of the information technology services provider’s stock valued at $121,000 after acquiring an additional 439 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of ServiceNow during the 4th quarter valued at $131,000. Roble Belko & Company Inc grew its holdings in shares of ServiceNow by 5,263.2% during the 4th quarter. Roble Belko & Company Inc now owns 1,019 shares of the information technology services provider’s stock valued at $133,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Rockefeller Financial Services Inc. purchased a new position in shares of ServiceNow during the 3rd quarter valued at $138,000. Institutional investors and hedge funds own 98.41% of the company’s stock.
Several research firms have issued reports on NOW. Royal Bank of Canada reaffirmed a “buy” rating and issued a $160.00 price target on shares of ServiceNow in a report on Thursday, February 1st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $208.00 price target (up previously from $158.00) on shares of ServiceNow in a report on Thursday, February 1st. Oppenheimer reaffirmed a “hold” rating on shares of ServiceNow in a report on Thursday, February 1st. Barclays upped their price target on ServiceNow from $158.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $170.00 price target on shares of ServiceNow in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $149.72.
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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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