Insider Selling: ServiceNow Inc (NYSE:NOW) CRO Sells 14,923 Shares of Stock

ServiceNow Inc (NYSE:NOW) CRO David Schneider sold 14,923 shares of the company’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $173.08, for a total value of $2,582,872.84. Following the completion of the sale, the executive now owns 51,376 shares in the company, valued at $8,892,158.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, May 23rd, David Schneider sold 2,372 shares of ServiceNow stock. The shares were sold at an average price of $168.70, for a total value of $400,156.40.
  • On Thursday, February 22nd, David Schneider sold 2,373 shares of ServiceNow stock. The shares were sold at an average price of $157.78, for a total value of $374,411.94.

ServiceNow stock traded up $4.11 during mid-day trading on Thursday, hitting $185.34. The stock had a trading volume of 2,617,306 shares, compared to its average volume of 1,926,466. The stock has a market cap of $31.82 billion, a price-to-earnings ratio of -176.51, a P/E/G ratio of 31.02 and a beta of 1.11. ServiceNow Inc has a 12 month low of $99.01 and a 12 month high of $187.39. 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 (NYSE:NOW) last released its earnings results on Wednesday, April 25th. The information technology services provider reported $0.56 earnings per share for the quarter, beating the 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 firm had revenue of $589.20 million for the quarter, compared to analyst estimates of $570.63 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The company’s quarterly revenue was up 37.4% on a year-over-year basis. sell-side analysts expect that ServiceNow Inc will post 0.13 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Sands Capital Management LLC lifted its stake in ServiceNow by 5.6% in the fourth quarter. Sands Capital Management LLC now owns 8,070,993 shares of the information technology services provider’s stock valued at $1,052,377,000 after buying an additional 426,311 shares during the period. American Century Companies Inc. lifted its stake in ServiceNow by 162.5% in the fourth quarter. American Century Companies Inc. now owns 1,771,319 shares of the information technology services provider’s stock valued at $230,962,000 after buying an additional 1,096,491 shares during the period. Federated Investors Inc. PA lifted its stake in ServiceNow by 0.4% in the first quarter. Federated Investors Inc. PA now owns 1,525,710 shares of the information technology services provider’s stock valued at $252,429,000 after buying an additional 5,946 shares during the period. OppenheimerFunds Inc. lifted its stake in ServiceNow by 401.7% in the first quarter. OppenheimerFunds Inc. now owns 1,439,564 shares of the information technology services provider’s stock valued at $238,176,000 after buying an additional 1,152,623 shares during the period. Finally, Fred Alger Management Inc. lifted its stake in ServiceNow by 1.0% in the fourth quarter. Fred Alger Management Inc. now owns 1,123,832 shares of the information technology services provider’s stock valued at $146,536,000 after buying an additional 11,397 shares during the period. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the company. Deutsche Bank upped their price target on ServiceNow to $200.00 and gave the company a “buy” rating in a research report on Thursday, May 31st. Deutsche Bank upped their price target on ServiceNow from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, May 31st. Canaccord Genuity increased their target price on ServiceNow from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, May 9th. UBS Group set a $196.00 target price on ServiceNow and gave the stock a “buy” rating in a report on Tuesday, May 8th. Finally, Argus increased their target price on ServiceNow to $201.00 and gave the stock a “buy” rating in a report on Tuesday, March 13th. Five analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have issued a strong buy rating to the company. ServiceNow has an average rating of “Buy” and an average price target of $174.44.

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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