Insider Selling: ServiceNow Inc (NOW) CRO Sells 2,373 Shares of Stock

ServiceNow Inc (NYSE:NOW) CRO David Schneider sold 2,373 shares of the stock in a transaction on Thursday, February 22nd. The stock was 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 directly owns 37,330 shares in the company, valued at $5,889,927.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, February 20th, David Schneider sold 14,923 shares of ServiceNow stock. The stock was 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 stock was sold at an average price of $150.00, for a total value of $336,300.00.

ServiceNow Inc (NYSE:NOW) opened at $160.40 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 announced its earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. ServiceNow had a negative return on equity of 24.97% and a negative net margin of 7.71%. The business had revenue of $546.37 million during the quarter, compared to analysts’ expectations of $532.74 million. During the same quarter last year, the business posted $0.25 earnings per share. The company’s quarterly revenue was up 41.7% on a year-over-year basis. equities research analysts predict that ServiceNow Inc will post 0.1 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in NOW. American Century Companies Inc. boosted its stake in ServiceNow by 162.5% during the fourth quarter. American Century Companies Inc. now owns 1,771,319 shares of the information technology services provider’s stock valued at $230,962,000 after buying an additional 1,096,491 shares in the last quarter. Sands Capital Management LLC boosted its stake in ServiceNow by 5.6% during the fourth quarter. Sands Capital Management LLC now owns 8,070,993 shares of the information technology services provider’s stock valued at $1,052,377,000 after buying an additional 426,311 shares in the last quarter. Ardevora Asset Management LLP bought a new position in ServiceNow during the third quarter valued at about $39,255,000. Victory Capital Management Inc. boosted its stake in ServiceNow by 203.8% during the third quarter. Victory Capital Management Inc. now owns 493,243 shares of the information technology services provider’s stock valued at $57,971,000 after buying an additional 330,883 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in ServiceNow by 34.7% during the fourth quarter. Two Sigma Advisers LP now owns 973,243 shares of the information technology services provider’s stock valued at $126,901,000 after buying an additional 250,748 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on NOW shares. Mizuho reaffirmed a “buy” rating and issued a $160.00 target price (up from $140.00) on shares of ServiceNow in a research report on Monday, January 22nd. JPMorgan Chase & Co. lowered ServiceNow from an “overweight” rating to a “neutral” rating and set a $138.00 target price on the stock. in a research report on Tuesday, December 12th. BMO Capital Markets increased their target price on ServiceNow from $133.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Cowen reaffirmed a “buy” rating and issued a $160.00 target price on shares of ServiceNow in a research report on Monday, December 11th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $170.00 target price on shares of ServiceNow in a research report on Friday, February 2nd. One 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 issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average 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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