ServiceNow, Inc. (NYSE:NOW – Get Rating) insider Lara Caimi sold 977 shares of ServiceNow stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $514.96, for a total transaction of $503,115.92. Following the completion of the transaction, the insider now owns 43 shares in the company, valued at approximately $22,143.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink.
Lara Caimi also recently made the following trade(s):
- On Tuesday, May 31st, Lara Caimi sold 726 shares of ServiceNow stock. The stock was sold at an average price of $474.48, for a total transaction of $344,472.48.
ServiceNow Stock Performance
Shares of NYSE:NOW traded up $6.86 on Friday, reaching $506.31. 78,383 shares of the company were exchanged, compared to its average volume of 1,918,737. The company’s 50 day moving average price is $467.79 and its two hundred day moving average price is $503.24. ServiceNow, Inc. had a one-year low of $406.47 and a one-year high of $707.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $102.27 billion, a price-to-earnings ratio of 543.32, a PEG ratio of 10.47 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.08. ServiceNow has a net margin of 2.79% and a return on equity of 7.22%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. In the same quarter last year, the company posted $0.38 EPS. The business’s revenue increased by 24.3% compared to the same quarter last year. Research analysts expect that ServiceNow, Inc. will post 1.73 earnings per share for the current year.
Analyst Upgrades and Downgrades
NOW has been the subject of several recent analyst reports. Jefferies Financial Group reduced their price objective on shares of ServiceNow from $700.00 to $550.00 in a research note on Monday, May 23rd. Credit Suisse Group reduced their price objective on shares of ServiceNow from $700.00 to $650.00 and set an “outperform” rating for the company in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of ServiceNow from $700.00 to $680.00 in a research note on Thursday, April 28th. KeyCorp reduced their price objective on shares of ServiceNow from $567.00 to $520.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. Finally, Barclays reduced their price objective on shares of ServiceNow from $560.00 to $495.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $598.84.
Institutional Entry and Exit
Several institutional investors and hedge funds have recently made changes to their positions in NOW. Edgewood Management LLC bought a new stake in ServiceNow in the first quarter valued at approximately $1,515,281,000. Norges Bank bought a new stake in ServiceNow in the fourth quarter valued at approximately $1,117,096,000. TD Asset Management Inc. raised its stake in ServiceNow by 84.7% in the fourth quarter. TD Asset Management Inc. now owns 1,207,201 shares of the information technology services provider’s stock valued at $783,606,000 after acquiring an additional 553,517 shares during the period. Fisher Asset Management LLC boosted its position in ServiceNow by 57.9% in the first quarter. Fisher Asset Management LLC now owns 1,413,079 shares of the information technology services provider’s stock valued at $786,930,000 after purchasing an additional 518,349 shares during the last quarter. Finally, Capital International Investors boosted its position in ServiceNow by 18.1% in the first quarter. Capital International Investors now owns 3,207,748 shares of the information technology services provider’s stock valued at $1,786,783,000 after buying an additional 491,835 shares in the last quarter. Institutional investors own 87.20% of the company’s stock.
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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