ServiceNow, Inc. (NYSE:NOW – Get Rating) Director Lawrence Jackson sold 707 shares of ServiceNow stock in a transaction on Friday, July 29th. The shares were sold at an average price of $446.40, for a total value of $315,604.80. Following the completion of the transaction, the director now owns 660 shares in the company, valued at $294,624. The sale was disclosed in a document filed with the SEC, which is available on the SEC website.
ServiceNow Price Performance
Shares of ServiceNow stock opened at $471.45 on Thursday. ServiceNow, Inc. has a twelve month low of $406.47 and a twelve month high of $707.60. The business has a 50-day moving average price of $465.17 and a 200-day moving average price of $504.20. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.35. The company has a market cap of $94.51 billion, a PE ratio of 518.08, a P/E/G ratio of 9.21 and a beta of 0.94.
ServiceNow (NYSE:NOW – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The information technology services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.12 by $0.08. ServiceNow had a return on equity of 7.22% and a net margin of 2.79%. The company had revenue of $1.75 billion in the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the business earned $0.38 EPS. ServiceNow’s quarterly revenue was up 24.3% on a year-over-year basis. sell-side analysts predict that ServiceNow, Inc. will post 1.73 earnings per share for the current fiscal year.
Wall Street Analysts weigh in
NOW has been the subject of several recent analyst reports. JMP Securities dropped their price objective on ServiceNow from $705.00 to $553.00 and set a “market outperform” rating for the company in a research report on Thursday, July 28th. Cowen dropped their price objective on ServiceNow from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Thursday, July 28th. Truist Financial dropped their price objective on ServiceNow from $600.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on ServiceNow from $680.00 to $625.00 and set a “hold” rating for the company in a research report on Thursday, July 28th. Finally, Sanford C. Bernstein started coverage on ServiceNow in a research report on Tuesday, July 19th. They issued an “outperform” rating and a $646.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and an average price target of $589.90.
Institutional Investors Are Weighing In On The Service Today
Several large investors have recently bought and sold shares of the company. Wilbanks Smith & Thomas Asset Management LLC raised its stake in ServiceNow by 10.6% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 951 shares of the information technology services provider’s stock valued at $452,000 after buying an additional 91 shares in the last quarter. Powered by Envestnet Asset Management Inc. its holdings in shares of ServiceNow by 5.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 471,687 shares of the information technology services provider’s stock valued at $224,297,000 after buying an additional 22,513 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of ServiceNow by 443.8% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 109,644 shares of the information technology services provider’s stock valued at $52,138,000 after buying an additional 89,481 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of ServiceNow by 55.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 62 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 22 shares during the last quarter. Finally, Darwin Advisors LLC acquired a new position in shares of ServiceNow during the 2nd quarter valued at approximately $272,000. 87.20% of the stock is currently owned by hedge funds and other institutional investors.
About ServiceNow
(Get Rating)
ServiceNow, Inc provides enterprise cloud computing solutions that define, build, integrate, manage, and automate services for businesses worldwide. It powers 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.
Featured Articles
Receive News and Ratings for ServiceNow Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for ServiceNow and related companies with our FREE daily email newsletter of MarketBeat.com.
.