ServiceNow, Inc. (NYSE: NOW-Get Rating) insider Lara Caimi sold 726 shares of the company’s stock in a transaction that took place on Tuesday, May 31st. The stock was sold at an average price of $ 474.48, for a total value of $ 344,472.48. Following the completion of the sale, the insider now directly owns 99 shares of the company’s stock, valued at approximately $ 46,973.52. The sale was disclosed in a filing with the Securities & Exchange Commission, available via this link.
NOW traded up $ 7.66 during trading on Wednesday, reaching $ 475.13. The stock had a trading volume of 1,669,454 shares, compared to its average volume of 1,842,875. The stock’s 50-day moving average is $ 491.25 and its two-hundred-day moving average is $ 556.60. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $ 95.24 billion, a price-to-earnings ratio of 431.87, a P/E/G ratio of 9.65 and a beta of 1.09. ServiceNow, Inc. has a person low of $ 406.47 and a person high of $ 707.60.
ServiceNow (NYSE: NOW-Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 0.47 earnings per share (EPS) for the quarter, ahead of analysts ’consensus estimates of $ 0.34 of $ 0.13. The business had revenue of $ 1.72 billion in the quarter, compared to the agreed $ 1.70 billion. ServiceNow has a return on equity of 8.66% and a net margin of 3.56%. The company’s quarterly revenue rose 26.6% compared to the same quarter last year. In the same quarter last year, the company earned $ 0.50 profit per share. On average, equities research analysts predict that ServiceNow, Inc. will post 1.73 earnings per share 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 stake 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. High Net Worth Advisory Group LLC bought a new stake in shares of ServiceNow in the first quarter worth $ 29,000. Finally, AHL Investment Management Inc. bought a new stake in shares of ServiceNow in the fourth quarter worth $ 35,000. Institutional investors and hedge funds own 87.20% of the company’s stock.
Many analysts have released reports on NOW shares. Deutsche Bank Aktiengesellschaft cut their price target on ServiceNow from $ 700.00 to $ 680.00 in a research note on Thursday, April 28th. StockNews.com began coverage on ServiceNow with a research note on Thursday, March 31st. They issued a “hold” rating for the company. Jefferies Financial Group cut their target price on ServiceNow from $ 700.00 to $ 550.00 in a research note on Monday, May 23rd. Oppenheimer cut their price target on ServiceNow from $ 660.00 to $ 600.00 in a research note on Thursday, April 28th. Finally, Royal Bank of Canada lowered their price target on ServiceNow from $ 700.00 to $ 660.00 and set an “outperform” rating for the company in a research note on Monday, April 25th. Two investment analysts rated the stock with a sell rating, three gave a hold rating and twenty-seven assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow currently has an average “Buy” rating and an average target price of $ 638.59.
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.
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