Frederic B. Luddy Sells 82,500 Shares of ServiceNow, Inc. (NOW) Stock

ServiceNow, Inc. (NYSE:NOW) Director Frederic B. Luddy sold 82,500 shares of ServiceNow stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $116.13, for a total value of $9,580,725.00. Following the sale, the director now owns 29,990 shares in the company, valued at $3,482,738.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

ServiceNow, Inc. (NYSE:NOW) opened at 116.11 on Friday. The company’s 50-day moving average price is $111.34 and its 200 day moving average price is $100.82. ServiceNow, Inc. has a 52-week low of $72.80 and a 52-week high of $118.64. The stock’s market capitalization is $19.82 billion.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, July 26th. The information technology services provider reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. The firm had revenue of $471.70 million during the quarter, compared to analyst estimates of $462.11 million. ServiceNow had a negative return on equity of 29.05% and a negative net margin of 10.17%. The business’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 earnings per share. Equities analysts forecast that ServiceNow, Inc. will post $1.17 EPS for the current fiscal year.

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A number of analysts recently commented on NOW shares. BidaskClub lowered ServiceNow from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Stifel Nicolaus started coverage on ServiceNow in a report on Tuesday, June 6th. They set a “buy” rating on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $110.00 price target on shares of ServiceNow in a report on Monday, May 29th. Citigroup Inc. reiterated a “buy” rating and set a $135.00 price target (up from $109.00) on shares of ServiceNow in a report on Saturday, July 22nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $130.00 price target (up from $110.00) on shares of ServiceNow in a report on Thursday, July 27th. Eight equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the company. ServiceNow presently has an average rating of “Buy” and an average target price of $117.40.

Several institutional investors have recently modified their holdings of the company. LS Investment Advisors LLC grew its position in shares of ServiceNow by 3.6% during the second quarter. LS Investment Advisors LLC now owns 1,738 shares of the information technology services provider’s stock valued at $184,000 after purchasing an additional 61 shares in the last quarter. Commonwealth Bank of Australia grew its position in shares of ServiceNow by 5.8% during the second quarter. Commonwealth Bank of Australia now owns 1,518 shares of the information technology services provider’s stock valued at $159,000 after purchasing an additional 83 shares in the last quarter. Nordea Investment Management AB grew its position in shares of ServiceNow by 2.5% during the first quarter. Nordea Investment Management AB now owns 3,567 shares of the information technology services provider’s stock valued at $312,000 after purchasing an additional 88 shares in the last quarter. Crow Point Partners LLC grew its position in shares of ServiceNow by 8.8% during the second quarter. Crow Point Partners LLC now owns 1,320 shares of the information technology services provider’s stock valued at $140,000 after purchasing an additional 107 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of ServiceNow by 3.2% during the first quarter. Pacer Advisors Inc. now owns 3,501 shares of the information technology services provider’s stock valued at $306,000 after purchasing an additional 110 shares in the last quarter.

About ServiceNow

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

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

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