Insider Selling: ServiceNow (NOW) CFO Sells 19,668 Shares of Stock

ServiceNow (NYSE:NOW) CFO Michael Scarpelli sold 19,668 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $178.44, for a total transaction of $3,509,557.92. Following the completion of the sale, the chief financial officer now directly owns 125,973 shares in the company, valued at approximately $22,478,622.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Michael Scarpelli also recently made the following trade(s):

  • On Friday, May 11th, Michael Scarpelli sold 18,038 shares of ServiceNow stock. The stock was sold at an average price of $177.98, for a total transaction of $3,210,403.24.
  • On Wednesday, February 14th, Michael Scarpelli sold 25,000 shares of ServiceNow stock. The stock was sold at an average price of $147.12, for a total transaction of $3,678,000.00.

NYSE:NOW opened at $171.71 on Friday. ServiceNow has a one year low of $170.58 and a one year high of $173.59. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $30.64 billion, a P/E ratio of -163.53, a price-to-earnings-growth ratio of 29.87 and a beta of 1.07.

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

Large investors have recently bought and sold shares of the stock. Three Peaks Capital Management LLC bought a new stake in ServiceNow during the first quarter worth about $113,000. IHT Wealth Management LLC boosted its stake in ServiceNow by 66.7% during the first quarter. IHT Wealth Management LLC now owns 750 shares of the information technology services provider’s stock worth $121,000 after acquiring an additional 300 shares in the last quarter. Exane Derivatives boosted its stake in ServiceNow by 90.3% during the fourth quarter. Exane Derivatives now owns 925 shares of the information technology services provider’s stock worth $121,000 after acquiring an additional 439 shares in the last quarter. Adviser Investments LLC bought a new stake in ServiceNow during the first quarter worth about $166,000. Finally, Cerebellum GP LLC bought a new stake in ServiceNow during the fourth quarter worth about $131,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on NOW shares. KeyCorp raised their price target on shares of ServiceNow from $165.00 to $194.00 and gave the stock an “overweight” rating in a report on Monday, March 19th. They noted that the move was a valuation call. Mizuho reissued a “buy” rating and issued a $160.00 price target (up previously from $140.00) on shares of ServiceNow in a report on Monday, January 22nd. Royal Bank of Canada raised their price target on shares of ServiceNow to $180.00 and gave the stock a “top pick” rating in a report on Monday, April 2nd. Barclays raised their price target on shares of ServiceNow from $158.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $165.00 price target on shares of ServiceNow in a report on Sunday, February 11th. Five analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $169.07.

About ServiceNow

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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