ServiceNow Inc (NYSE:NOW) Insider David Schneider Sells 1,824 Shares

ServiceNow Inc (NYSE:NOW) insider David Schneider sold 1,824 shares of the firm’s stock in a transaction that occurred on 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 directly owns 37,220 shares in the company, valued at approximately $12,841,644.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, January 31st, David Schneider sold 2,372 shares of ServiceNow stock. The shares were 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 shares were 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.

ServiceNow stock opened at $356.16 on Friday. The stock has a market cap of $65.96 billion, a P/E ratio of 617.21, a PEG ratio of 11.81 and a beta of 1.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 1.05. ServiceNow Inc has a 1 year low of $213.99 and a 1 year high of $357.00. The firm’s 50 day moving average price is $312.99 and its 200-day moving average price is $275.51.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 29th. The information technology services provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.09. The firm had revenue of $951.77 million for the quarter, compared to analysts’ expectations of $940.14 million. ServiceNow had a net margin of 18.11% and a return on equity of 7.60%. The company’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 earnings per share. As a group, equities analysts expect that ServiceNow Inc will post 1.03 EPS for the current year.

Several equities analysts have weighed in on NOW shares. Royal Bank of Canada reaffirmed a “positive” rating and set a $370.00 price target on shares of ServiceNow in a report on Thursday, January 30th. Piper Jaffray Companies started coverage on shares of ServiceNow in a report on Friday, November 8th. They set an “overweight” rating and a $305.00 price target on the stock. SunTrust Banks lifted their price target on shares of ServiceNow from $321.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Canaccord Genuity lifted their price target on shares of ServiceNow from $285.00 to $375.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus lifted their price target on shares of ServiceNow from $340.00 to $380.00 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 issued a buy rating and one has issued a strong buy rating to the stock. ServiceNow presently has an average rating of “Buy” and an average target price of $353.82.

Several institutional investors have recently added to or reduced their stakes in NOW. Captrust Financial Advisors boosted its stake in ServiceNow by 1,203.8% during the fourth quarter. Captrust Financial Advisors now owns 1,043 shares of the information technology services provider’s stock worth $304,000 after buying an additional 963 shares during the period. Orion Portfolio Solutions LLC purchased a new position in ServiceNow during the fourth quarter worth $185,000. B. Riley Wealth Management Inc. boosted its stake in ServiceNow by 37.1% during the fourth quarter. B. Riley Wealth Management Inc. now owns 1,130 shares of the information technology services provider’s stock worth $319,000 after buying an additional 306 shares during the period. AQR Capital Management LLC boosted its stake in ServiceNow by 49.7% during the fourth quarter. AQR Capital Management LLC now owns 90,170 shares of the information technology services provider’s stock worth $25,457,000 after buying an additional 29,946 shares during the period. Finally, First Republic Investment Management Inc. boosted its stake in ServiceNow by 58.5% during the fourth quarter. First Republic Investment Management Inc. now owns 26,767 shares of the information technology services provider’s stock worth $7,557,000 after buying an additional 9,879 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

ServiceNow Company Profile

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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