ServiceNow, Inc. (NYSE: NOW-Get Rating) insider Paul John Smith sold 125 shares of ServiceNow stock in a transaction on Friday, May 13th. The shares were sold at an average price of $ 446.04, for a total transaction of $ 55,755.00. Following the completion of the sale, the insider now directly owns 1,446 shares of the company’s stock, valued at approximately $ 644,973.84. The transaction was disclosed in a legal filing with the SEC, available at this hyperlink.
NOW opened at $ 432.93 on Tuesday. ServiceNow, Inc. has a person low of $ 406.47 and a person high of $ 707.60. The company has a debt-to-equity ratio of 0.37, current ratio of 1.12 and quick ratio of 1.12. The company’s 50-day simple moving average is $ 514.55 and its 200-day simple moving average is $ 574.56. The stock has a market capitalization of $ 86.79 billion, a P/E ratio of 393.57, a price-to-earnings-growth ratio of 8.86 and a beta of 1.09.
ServiceNow (NYSE: NOW-Get Rating) last posted its earnings results on Wednesday, April 27th. The information technology service provider reported $ 1.73 revenue per share for the quarter, ahead of the 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 8.66%. Business revenue for the quarter rose 26.6% compared to the same quarter last year. At the same time last year, the business posted $ 0.50 revenue per share. As a group, analysts expect ServiceNow, Inc. to post. of 1.8 EPS for the current year.
Some institutional investors and hedge funds have recently bought and sold shares of NOW. Chilton Capital Management LLC bought a new stake in shares of ServiceNow in the fourth quarter worth $ 25,000. Eagle Bay Advisors LLC increased its position in ServiceNow shares 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. OLD Second National Bank of Aurora bought a new stake in shares of ServiceNow in the first quarter worth $ 28,000. MV Capital Management Inc. raised its position in ServiceNow shares by 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 in the last quarter. Finally, High Net Worth Advisory Group LLC bought a new stake in shares of ServiceNow in the first quarter worth $ 29,000. Institutional investors own 87.20% of the company’s stock.
A number of research companies have weighed in NOW. Bank of America cut their target price on ServiceNow shares from $ 725.00 to $ 680.00 and set a “buy” rating for the company in a research report on Thursday, January 27th. BNP Paribas downgraded ServiceNow shares from a “neutral” rating to an “underperform” rating and set a $ 460.00 target price for the company. in a research report on Tuesday, March 29th. Piper Sandler raised shares of ServiceNow 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. StockNews.com began coverage of ServiceNow shares in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Mizuho boosted their price target on ServiceNow shares from $ 615.00 to $ 650.00 and gave the stock a “buy” rating in a research report on Thursday, January 27th. Two analysts rated the stock with a sell rating, three gave a hold rating and twenty-seven assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average “Buy” rating and an average target price of $ 664.74.
About ServiceNow (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.
See also
Receive News and Ratings for ServiceNow Daily -Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for ServiceNow and related companies with a FREE daily email newsletter of MarketBeat.com.
.