David Schneider Sells 4,500 Shares of ServiceNow Inc. (NOW) Stock
ServiceNow Inc. (NYSE:NOW) CRO David Schneider sold 4,500 shares of the stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $79.01, for a total value of $355,545.00. Following the transaction, the executive now directly owns 29,694 shares in the company, valued at approximately $2,346,122.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
David Schneider also recently made the following trade(s):
- On Thursday, August 18th, David Schneider sold 11,047 shares of ServiceNow stock. The stock was sold at an average price of $72.98, for a total value of $806,210.06.
- On Monday, August 8th, David Schneider sold 3,627 shares of ServiceNow stock. The stock was sold at an average price of $75.00, for a total value of $272,025.00.
- On Monday, July 11th, David Schneider sold 5,000 shares of ServiceNow stock. The stock was sold at an average price of $69.26, for a total value of $346,300.00.
ServiceNow Inc. (NYSE:NOW) opened at 78.52 on Friday. The firm’s 50-day moving average price is $75.91 and its 200 day moving average price is $71.36. The company’s market capitalization is $12.92 billion. ServiceNow Inc. has a 12-month low of $46.00 and a 12-month high of $91.28.
ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, July 27th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. The company earned $341.30 million during the quarter, compared to analysts’ expectations of $334.07 million. ServiceNow had a negative net margin of 38.64% and a negative return on equity of 36.56%. The business’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS. On average, equities research analysts expect that ServiceNow Inc. will post $0.66 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. boosted its stake in shares of ServiceNow by 17.0% in the first quarter. UBS Asset Management Americas Inc. now owns 2,127,181 shares of the company’s stock valued at $130,141,000 after buying an additional 308,886 shares during the last quarter. State Street Corp boosted its stake in ServiceNow by 3.9% in the first quarter. State Street Corp now owns 2,817,471 shares of the company’s stock worth $172,380,000 after buying an additional 106,720 shares in the last quarter. Cupps Capital Management LLC boosted its stake in ServiceNow by 8.3% in the first quarter. Cupps Capital Management LLC now owns 35,482 shares of the company’s stock worth $2,170,000 after buying an additional 2,730 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in ServiceNow by 127.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,924 shares of the company’s stock worth $668,000 after buying an additional 6,130 shares in the last quarter. Finally, BB&T Securities LLC purchased a new stake in ServiceNow during the first quarter worth approximately $550,000. Institutional investors own 95.72% of the company’s stock.
A number of brokerages have recently weighed in on NOW. Piper Jaffray Cos. reiterated an “overweight” rating and set a $90.00 price target on shares of ServiceNow in a research report on Thursday, July 28th. Zacks Investment Research upgraded ServiceNow from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Wednesday, August 3rd. OTR Global upgraded ServiceNow to a “positive” rating in a research report on Wednesday, July 13th. Citigroup Inc. increased their price target on ServiceNow from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 20th. Finally, MKM Partners increased their price target on ServiceNow from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. ServiceNow has an average rating of “Buy” and a consensus price target of $84.47.
ServiceNow, Inc is a provider of cloud-based solutions that define, structure, manage and automate services across the global enterprise. The Company provides cloud-based service management and business management solutions that address the needs of various departments within an enterprise, including information technology (IT), human resources (HR), facilities, field service, marketing, customer service, security, legal and finance.
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