Frank Slootman Sells 5,442 Shares of ServiceNow Inc (NOW) Stock

ServiceNow Inc (NYSE:NOW) Director Frank Slootman sold 5,442 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $156.91, for a total transaction of $853,904.22. Following the completion of the sale, the director now directly owns 112,571 shares in the company, valued at approximately $17,663,515.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Frank Slootman also recently made the following trade(s):

  • On Tuesday, February 13th, Frank Slootman sold 31,716 shares of ServiceNow stock. The shares were sold at an average price of $147.18, for a total transaction of $4,667,960.88.
  • On Tuesday, February 6th, Frank Slootman sold 100,000 shares of ServiceNow stock. The shares were sold at an average price of $146.27, for a total transaction of $14,627,000.00.

ServiceNow Inc (NYSE NOW) opened at $156.05 on Friday. ServiceNow Inc has a 52-week low of $83.42 and a 52-week high of $160.73. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.10.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 EPS for the quarter, hitting 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 firm had revenue of $546.37 million during the quarter, compared to analyst estimates of $532.74 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. ServiceNow’s revenue for the quarter was up 41.7% compared to the same quarter last year. sell-side analysts expect that ServiceNow Inc will post 0.1 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Xact Kapitalforvaltning AB increased its position in ServiceNow by 8.5% during the fourth quarter. Xact Kapitalforvaltning AB now owns 25,330 shares of the information technology services provider’s stock worth $3,303,000 after purchasing an additional 1,992 shares during the last quarter. Envestnet Asset Management Inc. increased its position in ServiceNow by 3.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,528 shares of the information technology services provider’s stock worth $2,546,000 after purchasing an additional 590 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in ServiceNow by 39.0% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 71,221 shares of the information technology services provider’s stock worth $9,287,000 after purchasing an additional 19,999 shares during the last quarter. Cowen Inc. acquired a new position in ServiceNow during the fourth quarter worth approximately $3,861,000. Finally, LPL Financial LLC increased its position in ServiceNow by 59.7% during the fourth quarter. LPL Financial LLC now owns 4,829 shares of the information technology services provider’s stock worth $630,000 after purchasing an additional 1,805 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on NOW. Barclays upped their price target on shares of ServiceNow from $158.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday. Argus upped their price target on shares of ServiceNow to $170.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Credit Suisse Group reaffirmed a “buy” rating and issued a $165.00 price target on shares of ServiceNow in a report on Sunday, February 11th. Evercore ISI reaffirmed a “buy” rating and issued a $170.00 price target on shares of ServiceNow in a report on Friday, February 2nd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of ServiceNow in a report on Thursday, February 1st. One investment 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 stock has an average rating of “Buy” and a consensus target price of $149.72.

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About ServiceNow

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.

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

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