ServiceNow, Inc. (NOW) Director Frederic B. Luddy Sells 154,000 Shares of Stock
ServiceNow, Inc. (NYSE:NOW) Director Frederic B. Luddy sold 154,000 shares of ServiceNow stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $83.22, for a total value of $12,815,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
ServiceNow, Inc. (NYSE:NOW) opened at 83.53 on Friday. The stock’s market capitalization is $13.87 billion. The firm has a 50-day moving average of $79.43 and a 200 day moving average of $77.19. ServiceNow, Inc. has a 12-month low of $46.00 and a 12-month high of $89.79.
ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. ServiceNow had a negative net margin of 35.38% and a negative return on equity of 38.73%. The business earned $357.66 million during the quarter, compared to analysts’ expectations of $352.16 million. During the same quarter in the prior year, the company posted $0.16 EPS. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. On average, analysts predict that ServiceNow, Inc. will post $0.69 earnings per share for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the stock. Calvert Investment Management Inc. boosted its stake in ServiceNow by 1.0% in the second quarter. Calvert Investment Management Inc. now owns 8,163 shares of the company’s stock valued at $542,000 after buying an additional 83 shares during the period. Brown Advisory Inc. raised its position in shares of ServiceNow by 2.5% in the second quarter. Brown Advisory Inc. now owns 4,420 shares of the company’s stock valued at $293,000 after buying an additional 106 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of ServiceNow by 2.8% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 4,174 shares of the company’s stock valued at $330,000 after buying an additional 112 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of ServiceNow by 0.6% in the third quarter. Fisher Asset Management LLC now owns 19,688 shares of the company’s stock valued at $1,558,000 after buying an additional 116 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. raised its position in shares of ServiceNow by 3.2% in the third quarter. Bbva Compass Bancshares Inc. now owns 4,629 shares of the company’s stock valued at $366,000 after buying an additional 142 shares in the last quarter. 98.56% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. Cowen and Company set a $100.00 price target on ServiceNow and gave the stock a “buy” rating in a research report on Thursday, October 27th. DA Davidson set a $102.00 price objective on shares of ServiceNow and gave the stock a “buy” rating in a research note on Thursday, October 27th. MKM Partners reissued a “neutral” rating on shares of ServiceNow in a research note on Friday, November 4th. Wells Fargo & Company started coverage on shares of ServiceNow in a research note on Wednesday. They issued a “market perform” rating for the company. Finally, BMO Capital Markets raised shares of ServiceNow from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $85.00 to $97.00 in a research note on Thursday, October 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $84.05.
ServiceNow Company Profile
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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