ServiceNow Inc. (NYSE:NOW) insider Frederic B. Luddy sold 199,000 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $76.68, for a total transaction of $15,259,320.00. Following the transaction, the insider now directly owns 1,587 shares of the company’s stock, valued at approximately $121,691.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
ServiceNow Inc. (NYSE:NOW) opened at 77.45 on Friday. The stock’s market capitalization is $12.74 billion. ServiceNow Inc. has a 1-year low of $46.00 and a 1-year high of $91.28. The stock’s 50 day moving average price is $74.81 and its 200 day moving average price is $70.11.
ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. The firm earned $341.30 million during the quarter, compared to the consensus estimate of $334.07 million. ServiceNow had a negative return on equity of 36.56% and a negative net margin of 38.64%. The business’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 EPS. Equities research analysts forecast that ServiceNow Inc. will post $0.66 earnings per share for the current year.
NOW has been the subject of a number of research analyst reports. Cowen and Company initiated coverage on shares of ServiceNow in a research note on Friday, June 24th. They set an “outperform” rating and a $95.00 price objective for the company. Vetr raised shares of ServiceNow from a “buy” rating to a “strong-buy” rating and set a $90.24 price objective for the company in a research note on Monday, July 18th. Citigroup Inc. reaffirmed a “hold” rating on shares of ServiceNow in a research note on Thursday, June 2nd. OTR Global raised shares of ServiceNow to a “positive” rating in a research note on Wednesday, July 13th. Finally, Oppenheimer Holdings Inc. initiated coverage on shares of ServiceNow in a research note on Thursday, June 16th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $84.47.
A number of large investors have recently made changes to their positions in NOW. State Street Corp increased its stake in shares of ServiceNow by 3.9% in the first quarter. State Street Corp now owns 2,817,471 shares of the company’s stock valued at $172,380,000 after buying an additional 106,720 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of ServiceNow by 4.4% in the first quarter. Geode Capital Management LLC now owns 877,926 shares of the company’s stock valued at $53,680,000 after buying an additional 36,634 shares in the last quarter. Strs Ohio increased its stake in shares of ServiceNow by 51.0% in the second quarter. Strs Ohio now owns 589,514 shares of the company’s stock valued at $39,143,000 after buying an additional 199,190 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of ServiceNow during the first quarter valued at about $214,000. Finally, National Pension Service increased its stake in shares of ServiceNow by 4.4% in the first quarter. National Pension Service now owns 102,276 shares of the company’s stock valued at $6,257,000 after buying an additional 4,346 shares in the last quarter. 95.72% of the stock is owned by hedge funds and other institutional investors.
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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