ServiceNow, Inc. (NYSE: NOW-Get Rating) Director Teresa Briggs sold 932 shares of stock in a transaction on Friday, April 29th. The stock was sold at an average price of $ 490.26, for a total transaction of $ 456,922.32. Following the sale, the director now owns 707 shares of the company’s stock, valued at approximately $ 346,613.82. The sale was disclosed in a filing with the SEC, available through the SEC website.
ServiceNow stock opened at $ 484.50 on Tuesday. The stock has a 50-day moving average price of $ 535.74 and a 200-day moving average price of $ 590.84. ServiceNow, Inc. has a 52 -week low of $ 448.27 and a 52 -week high of $ 707.60. The stock has a market cap of $ 97.12 billion, a PE ratio of 440.45, a P/E/G ratio of 9.18 and a beta of 1.04. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.
ServiceNow (NYSE: NOW-Get Rating) last announced its earnings results on Wednesday, April 27th. The information technology service provider reported $ 1.73 earnings per share (EPS) for the quarter, ahead of Zacks ’consensus estimate of $ 1.70 of $ 0.03. The company had revenue of $ 1.72 billion for the quarter, compared to analyst estimates of $ 1.70 billion. ServiceNow has a net margin of 3.56% and a return on equity of 8.97%. ServiceNow’s revenue rose 26.6% compared to the same quarter last year. In the same quarter last year, the business earned $ 0.50 revenue per share. On average, equities analysts predict that ServiceNow, Inc. will post 1.85 EPS for the current year.
Some institutional investors have recently increased or decreased their stakes in NOW. Chilton Capital Management LLC acquired a new stake in ServiceNow in the 4th quarter worth approximately $ 25,000. Eagle Bay Advisors LLC lifted its holdings on shares of ServiceNow by 75.0% in the 3rd 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 during the period. Baystate Wealth Management LLC removed its holdings in ServiceNow shares by 60.0% in the 3rd 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 during the period. Powered by MV Capital Management Inc. its position in ServiceNow shares of 96.2% in the third quarter. MV Capital Management Inc. now owns 51 shares of the information technology services provider’s stock worth $ 32,000 after acquiring an additional 25 shares last quarter. Finally, AHL Investment Management Inc. bought a new stake in ServiceNow in the fourth quarter worth approximately $ 35,000. Hedge funds and other institutional investors own 87.20% of the company’s stock.
Some brokerages have recently weighed in on NOW. Citigroup raised their target price on ServiceNow shares from $ 623.00 to $ 656.00 in a research note on Thursday, April 28th. TheStreet cut ServiceNow shares from a “b-” rating to a “c+” rating in a research note on Tuesday, April 26th. Cowen reduced their target price on ServiceNow shares from $ 725.00 to $ 695.00 in a research note on Thursday, April 28th. Cowen reduced their target price on ServiceNow shares from $ 725.00 to $ 695.00 in a research note on Thursday, April 28th. Finally, Piper Sandler upgraded parts of ServiceNow from a “neutral” rating to an “overweight” rating and set a $ 650.00 price target for the company in a research report on Thursday, January 27th. Two analysts rated the stock with a sell rating, three assigned a hold rating and twenty-seven gave a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $ 667.97.
ServiceNow Company Profile (Get a Rating)
ServiceNow, Inc. provides enterprise cloud computing solutions that define, develop, integrate, manage, and automate services for businesses around the world. It runs the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.
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