ServiceNow (NYSE: NOW – Get a Rating) UBS Group reduced its target price from $ 570.00 to $ 540.00 in a research report released Monday, The Fly reports. The company currently has a “buy” rating on information technology service provider stock. UBS Group’s price target suggests a potential increase of 23.87% from the company’s current price.
Several other equities analysts also weighed in on the stock. Piper Sandler reduced their target price on ServiceNow shares from $ 650.00 to $ 600.00 and set an “overweight” rating on the stock in a report on Wednesday, May 25th. TheStreet downgraded ServiceNow shares from a “b-” rating to a “c+” rating in a report on Tuesday, April 26th. BMO Capital Markets cut their price target on ServiceNow shares from $ 595.00 to $ 520.00 in a report on Friday, July 15th. Barclays cut their price target on shares of ServiceNow from $ 613.00 to $ 560.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Credit Suisse Group cut their price target on ServiceNow shares from $ 800.00 to $ 700.00 in a report on Thursday, April 28th. Two investment analysts rated the stock with a sell rating, two gave a hold rating and twenty-seven assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $ 632.97.
ServiceNow Stock Performance
NYSE: NOW opened at $ 435.94 on Monday. 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 $ 87.39 billion, a price-to-earnings ratio of 396.31, a PEG ratio of 8.90 and a beta of 1.03. The company’s fifty day simple moving average is $ 461.32 and its 200 day simple moving average is $ 513.21. ServiceNow has a twelve -month low of $ 406.47 and a twelve -month high of $ 707.60.
ServiceNow (NYSE: NOW-Get Rating) last posted its earnings results on Wednesday, April 27th. The information technology service provider reported $ 0.47 revenue per share for the quarter, beating the consensus $ 0.34 of $ 0.13. The business 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%. The business’s quarterly revenue rose 26.6% on a year-over-year basis. In the same quarter last year, the business posted $ 0.50 EPS. As a group, equities research analysts expect ServiceNow to post 1.71 earnings per share for the current financial year.
Insiders Place Their Bets
In other news, COO Chirantan Jitendra Desai sold 7,000 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $ 477.52, for a total transaction of $ 3,342,640.00. Following the transaction, the chief operating officer now directly owns 38,980 shares in the company, valued at approximately $ 18,613,729.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ServiceNow news, COO Chirantan Jitendra Desai sold 7,000 shares of business stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $ 477.52, for a total value of $ 3,342,640.00. Following the completion of the sale, the chief operating officer now owns 38,980 shares of the company’s stock, valued at approximately $ 18,613,729.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible through the SEC website. Also, insider Paul John Smith sold 412 shares of the business’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $ 427.17, for a total transaction of $ 175,994.04. Following the completion of the sale, the insider now directly owns 1,755 shares of the company’s stock, valued at approximately $ 749,683.35. The disclosure for this sale can be found here. Insiders have sold 17,577 shares of the company’s stock worth $ 8,503,327 in the last three months. 0.28% of the stock is currently owned by corporate insiders.
Institutional Service Trade Today
Some institutional investors have recently bought and sold shares of the business. Chilton Capital Management LLC bought a new stake in shares of ServiceNow in the 4th quarter worth approximately $ 25,000. OLD Second National Bank of Aurora bought a new position in ServiceNow in the 1st quarter worth approximately $ 28,000. High Net Worth Advisory Group LLC bought a new position in ServiceNow in the 1st quarter worth approximately $ 29,000. AHL Investment Management Inc. bought a new position in ServiceNow in the 4th quarter worth approximately $ 35,000. Finally, Lee Financial Co raised its stake in ServiceNow by 671.4% in the 4th quarter. Lee Financial Co. now owns 54 shares of the information technology services provider’s stock worth $ 35,000 after buying an additional 47 shares last quarter. Institutional investors own 87.20% of the company’s stock.
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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