ServiceNow, Inc. (NYSE:NOW – Get Rating) insider Jacqueline P. Canney sold 999 shares of ServiceNow stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $451.69, for a total value of $451,238.31. Following the completion of the sale, the insider now directly owns 728 shares in the company, valued at approximately $328,830.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
ServiceNow Trading rose 4.6%
Shares of NYSE:NOW opened at $493.00 on Friday. The business’s 50-day moving average is $465.93 and its 200-day moving average is $503.93. ServiceNow, Inc. has a 1 year low of $406.47 and a 1 year high of $707.60. The company has a market capitalization of $99.59 billion, a P/E ratio of 541.76, a P/E/G ratio of 9.22 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.12 and a quick ratio of 1.12.
ServiceNow (NYSE:NOW – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The information technology services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.08. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. ServiceNow had a return on equity of 7.22% and a net margin of 2.79%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. In the same quarter last year, the business earned $0.38 EPS. On average, research analysts predict that ServiceNow, Inc. will post 1.73 earnings per share for the current fiscal year.
Institutional Trading Services Today
Large investors have recently added to or reduced their stakes in the company. Chilton Capital Management LLC bought a new stake in shares of ServiceNow in the fourth quarter valued at approximately $25,000. OLD Second National Bank of Aurora bought a new stake in shares of ServiceNow during the first quarter valued at about $28,000. High Net Worth Advisory Group LLC bought a new stake in shares of ServiceNow in the first quarter valued at approximately $29,000. AHL Investment Management Inc. purchased a new stake in shares of ServiceNow in the fourth quarter valued at about $35,000. Finally, Lee Financial Co grew its stake in shares of ServiceNow by 671.4% in the fourth quarter. Lee Financial Co now owns 54 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 87.20% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on NOW shares. Barclays decreased their price objective on ServiceNow from $560.00 to $495.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. Cowen dropped their price target on ServiceNow from $725.00 to $695.00 in a report on Thursday, April 28th. Morgan Stanley dropped their price target on ServiceNow from $594.00 to $575.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. BMO Capital Markets dropped their price target on ServiceNow from $595.00 to $520.00 in a report on Friday, July 15th. Finally, Stifel Nicolaus lowered their price target on ServiceNow from $650.00 to $550.00 in a report on Wednesday, May 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $601.80.
ServiceNow Company Profile
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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.
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