ServiceNow, Inc. (NYSE: NOW) COO Chirantan Jitendra Desai sold 3,000 shares of stock in a transaction dated Monday, February 14th. The stock was sold at an average price of $ 578.48, for a total transaction of $ 1,735,440.00. The sale was disclosed in a filing with the SEC, available on the SEC website.
NYSE NOW shares opened at $ 591.66 on Wednesday. The stock has a market capitalization of $ 118.33 billion, a price-to-earnings ratio of 519.00, a PEG ratio of 10.36 and a beta of 1.01. ServiceNow, Inc. has a 12 -month low of $ 448.27 and a 12 -month high of $ 707.60. The company’s 50-day simple moving average is $ 590.24 and its 200-day simple moving average is $ 625.18. The company has a debt-to-equity ratio of 0.40, current ratio of 1.05 and quick ratio of 1.13.
ServiceNow (NYSE: NOW) last released its quarterly earnings data on Wednesday, January 26th. The information technology service provider reported $ 1.46 EPS for the quarter, ahead of analysts ’consensus estimates of $ 1.43 of $ 0.03. ServiceNow has a net margin of 3.90% and a return on equity of 9.43%. In the same quarter last year, the business posted $ 0.16 EPS. Analysts expect ServiceNow, Inc. will post 1.93 earnings per share for the current financial year.
Some institutional investors have recently increased or decreased their stakes in NOW. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in ServiceNow by 13.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. now owns 36,300 shares of the information technology services provider’s stock worth $ 19,949,000 after acquiring an additional 4,284 shares during the period. Sigma Planning Corp boosted its stake in ServiceNow by 4.8% in the 2nd quarter. Sigma Planning Corp. now owns 1,637 shares of the information technology services provider’s stock worth $ 900,000 after buying an additional 75 shares last quarter. Expanded by Gamco Investors INC. ET AL had its stake in ServiceNow by 8.1% in the 2nd quarter. Gamco Investors LTD. ET AL now owns 7,957 shares of the information technology services provider’s stock worth $ 4,373,000 after buying an additional 596 shares last quarter. Steward Partners Investment Advisory LLC increased its stake in ServiceNow by 2.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 12,973 shares of the information technology services provider’s stock worth $ 7,129,000 after buying an additional 344 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in ServiceNow by 2.6% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,229 shares of the information technology services provider’s stock worth $ 707,000 after buying an additional 31 shares last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
Many research analysts have released stock reports. Credit Suisse Group lowered their target price on shares of ServiceNow from $ 850.00 to $ 800.00 and set an “outperform” rating on the stock in a report on Thursday, January 27th. Truist Financial raised their target price on ServiceNow shares from $ 640.00 to $ 700.00 and gave the stock a “buy” rating in a report on Thursday, October 28th. Citigroup raised their target price on shares of ServiceNow from $ 657.00 to $ 675.00 and gave the stock a “buy” rating in a report on Thursday, January 27th. KeyCorp raised their target price on ServiceNow shares from $ 718.00 to $ 765.00 and gave the company an “overweight” rating in a report on Thursday, October 28th. Finally, UBS Group raised their target price on ServiceNow shares from $ 650.00 to $ 716.00 and gave the company a “buy” rating in a report on Thursday, October 28th. Two investment analysts rated the stock with a hold rating and twenty-eight gave the stock a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $ 694.07.
About ServiceNow
ServiceNow, Inc. is engaged in providing enterprise cloud computing solutions. The company delivers digital workflows on an enterprise cloud platform called Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows. It offers its solutions for industries under the categories of government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products. .
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