ServiceNow, Inc. (NYSE: NOW – Get Rating) insider Lara Caimi sold 3,058 shares of the company’s stock in a transaction dated Thursday, Feb. 24th. The stock was sold at an average price of $ 575.00, for a total transaction of $ 1,758,350.00. The transaction was disclosed in a legal filing with the SEC, which is accessible via this hyperlink.
ServiceNow stock traded $ 6.28 in mid-day trading on Friday, reaching $ 580.23. The company’s 1,053,295 shares traded, compared to its average volume of 2,063,097. ServiceNow, Inc. has a year low of $ 448.27 and a year high of $ 707.60. The stock has a market cap of $ 116.05 billion, a price-to-earnings ratio of 508.98, a price-to-earnings-growth ratio of 10.36 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.05. The stock has a fifty-day moving average price of $ 578.05 and a 200-day moving average price of $ 623.17.
ServiceNow (NYSE: NOW-Get Rating) last posted its quarterly earnings results on Wednesday, January 26th. The information technology service provider reported $ 1.46 EPS for the quarter, leading the consensus estimate 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 company earned $ 0.16 EPS. Sell-side analysts predict that ServiceNow, Inc. will post 1.93 EPS for the current year.
Several hedge funds have recently bought and sold shares of NOW. Sugarloaf Wealth Management LLC raised its stake in ServiceNow shares by 150.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the information technology services provider’s stock worth $ 25,000 after acquiring an additional 24 shares in the last quarter. Chilton Capital Management LLC bought a new position in shares of ServiceNow in the fourth quarter worth approximately $ 25,000. Eagle Bay Advisors LLC raised its stake in shares of ServiceNow by 75.0% in the third quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $ 27,000 after acquiring an additional 18 shares in the last quarter. Baystate Wealth Management LLC raised its stake in ServiceNow shares by 60.0% in the third quarter. Baystate Wealth Management LLC now owns 48 shares of the information technology services provider’s stock worth $ 30,000 after acquiring an additional 18 shares in the last quarter. Finally, PFG Private Wealth Management LLC bought a new position in shares of ServiceNow in the third quarter worth approximately $ 31,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
Some analysts have recently released reports on NOW shares. raised their price target on shares of ServiceNow from $ 650.00 to $ 715.00 and gave the stock a “buy” rating in a report on Thursday, October 28th. Argus raised their target price on shares of ServiceNow from $ 760.00 to $ 805.00 and gave the stock a “buy” rating in a research report on Tuesday, November 2nd. Canaccord Genuity Group cut their target price on ServiceNow shares from $ 715.00 to $ 615.00 in a research report on Thursday, January 27th. Piper Sandler upgraded ServiceNow shares from a “neutral” rating to an “overweight” rating and set a $ 650.00 target price for the company in a research report on Thursday, the 27th of January. Finally, Stifel Nicolaus raised their target price on shares of ServiceNow from $ 650.00 to $ 725.00 and gave the stock a “buy” rating in a research report on Thursday, October 28th. Two equities research analysts rated the stock with a hold rating and twenty-eight assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $ 694.07.
About ServiceNow (Get a Rating)
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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