ServiceNow (NOW) Insider Chirantan Jitendra Desai Sells 15,031 Shares

ServiceNow (NYSE:NOW) insider Chirantan Jitendra Desai sold 15,031 shares of the stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $178.13, for a total value of $2,677,472.03. Following the transaction, the insider now directly owns 15,534 shares in the company, valued at approximately $2,767,071.42. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Chirantan Jitendra Desai also recently made the following trade(s):

  • On Monday, February 26th, Chirantan Jitendra Desai sold 30,000 shares of ServiceNow stock. The shares were sold at an average price of $161.27, for a total value of $4,838,100.00.
  • On Tuesday, February 20th, Chirantan Jitendra Desai sold 19,742 shares of ServiceNow stock. The shares were sold at an average price of $156.39, for a total value of $3,087,451.38.

Shares of NOW stock opened at $171.71 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.74. ServiceNow has a 12 month low of $170.58 and a 12 month high of $173.59. The company has a market capitalization of $30.64 billion, a price-to-earnings ratio of -163.53, a PEG ratio of 29.87 and a beta of 1.07.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, April 25th. The information technology services provider reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.19. ServiceNow had a negative return on equity of 10.63% and a negative net margin of 4.65%. The company had revenue of $589.20 million during the quarter, compared to the consensus estimate of $570.63 million. During the same quarter last year, the company earned $0.25 EPS. The company’s quarterly revenue was up 37.4% on a year-over-year basis. equities research analysts forecast that ServiceNow will post 0.13 EPS for the current year.

A number of research analysts have recently commented on the company. Canaccord Genuity increased their price objective on ServiceNow from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. Raymond James increased their price objective on ServiceNow from $190.00 to $202.00 and gave the company a “strong-buy” rating in a report on Tuesday, May 8th. UBS set a $196.00 price objective on ServiceNow and gave the company a “buy” rating in a report on Tuesday, May 8th. ValuEngine raised ServiceNow from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Finally, William Blair reissued an “outperform” rating on shares of ServiceNow in a report on Thursday, April 26th. Five equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the company. ServiceNow presently has a consensus rating of “Buy” and a consensus price target of $169.07.

Several hedge funds have recently made changes to their positions in NOW. Dimensional Fund Advisors LP lifted its position in shares of ServiceNow by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 160,910 shares of the information technology services provider’s stock worth $18,910,000 after acquiring an additional 2,766 shares during the period. Glynn Capital Management LLC lifted its position in shares of ServiceNow by 23.1% in the 4th quarter. Glynn Capital Management LLC now owns 158,733 shares of the information technology services provider’s stock worth $20,697,000 after acquiring an additional 29,835 shares during the period. Bank of Montreal Can lifted its position in shares of ServiceNow by 29.6% in the 4th quarter. Bank of Montreal Can now owns 160,344 shares of the information technology services provider’s stock worth $20,907,000 after acquiring an additional 36,632 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of ServiceNow by 5.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 320,719 shares of the information technology services provider’s stock worth $41,819,000 after buying an additional 15,138 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in shares of ServiceNow by 149.7% during the 4th quarter. State of Alaska Department of Revenue now owns 21,803 shares of the information technology services provider’s stock worth $2,841,000 after buying an additional 13,070 shares during the period. Institutional investors own 97.84% 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 service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.

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

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