ServiceNow Inc (NYSE:NOW) Insider Sells $629,316.48 in Stock

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ServiceNow Inc (NYSE:NOW) insider David Schneider sold 1,824 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $345.02, for a total transaction of $629,316.48. Following the completion of the transaction, the insider now owns 37,220 shares of the company’s stock, valued at $12,841,644.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, January 31st, David Schneider sold 2,372 shares of ServiceNow stock. The stock was sold at an average price of $339.50, for a total transaction of $805,294.00.
  • On Thursday, December 5th, David Schneider sold 2,372 shares of ServiceNow stock. The stock was sold at an average price of $273.00, for a total transaction of $647,556.00.
  • On Friday, November 29th, David Schneider sold 3,559 shares of ServiceNow stock. The shares were sold at an average price of $280.97, for a total transaction of $999,972.23.
  • On Monday, November 25th, David Schneider sold 5,000 shares of ServiceNow stock. The shares were sold at an average price of $283.50, for a total transaction of $1,417,500.00.

Shares of NYSE:NOW opened at $356.16 on Friday. ServiceNow Inc has a twelve month low of $213.99 and a twelve month high of $357.00. The company’s 50 day moving average is $312.99 and its 200 day moving average is $275.51. The company has a current ratio of 1.03, a quick ratio of 1.05 and a debt-to-equity ratio of 0.51. The company has a market cap of $65.96 billion, a PE ratio of 617.21, a price-to-earnings-growth ratio of 11.81 and a beta of 1.36.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, January 29th. The information technology services provider reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. ServiceNow had a net margin of 18.11% and a return on equity of 7.60%. The company had revenue of $951.77 million for the quarter, compared to the consensus estimate of $940.14 million. During the same quarter in the prior year, the company earned $0.77 EPS. ServiceNow’s quarterly revenue was up 33.0% on a year-over-year basis. Equities research analysts predict that ServiceNow Inc will post 1.03 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of NOW. Delta Asset Management LLC TN acquired a new position in ServiceNow in the 3rd quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new stake in ServiceNow in the 4th quarter worth approximately $28,000. Virtus ETF Advisers LLC purchased a new stake in ServiceNow in the 4th quarter worth approximately $29,000. AdvisorNet Financial Inc purchased a new stake in ServiceNow in the 3rd quarter worth approximately $31,000. Finally, Sun Life Financial INC purchased a new stake in ServiceNow in the 4th quarter worth approximately $31,000. Institutional investors own 91.74% of the company’s stock.

Several equities analysts have recently issued reports on NOW shares. Argus upped their price objective on shares of ServiceNow from $304.00 to $385.00 and gave the company a “buy” rating in a report on Monday, February 10th. Wells Fargo & Co upped their price objective on shares of ServiceNow from $300.00 to $330.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. BMO Capital Markets upped their price objective on shares of ServiceNow from $300.00 to $385.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Royal Bank of Canada restated a “positive” rating and set a $370.00 price objective on shares of ServiceNow in a report on Thursday, January 30th. Finally, Needham & Company LLC upped their price objective on shares of ServiceNow from $314.00 to $356.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $353.82.

About ServiceNow

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers information technology (IT) service management applications, as well as digital workflow products for customer service, human resources, security operations, integrated risk management, and other enterprise departments.

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

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