ServiceNow, Inc. (NYSE: NOW) director Paul Edward Chamberlain sells 75 shares

ServiceNow, Inc. (NYSE:NOW) director Paul Edward Chamberlain sold 75 shares of the company in a transaction dated Wednesday, September 29. The shares were sold at an average price of $620.00, with a total value of $46,500.00. The transaction has been disclosed in a document filed with the US Securities and Exchange Commission, which can be found in this hyperlink.

NOW stock fell by US$14.83 during Monday’s trading hours to reach US$617.97. The company’s stock trading volume was 1,173,663 shares, while its average trading volume was 1,377,653 shares. The stock’s fifty-day simple moving average is $621.38, and its two-hundred-day simple moving average is $551.68. ServiceNow, Inc.’s 12-month low was US$448.27 and the 12-month high was US$681.10. The stock has a market capitalization of $122.42 billion, a P/E ratio of 733.91, a PEG ratio of 17.05, and a beta value of 0.92. The company’s quick ratio is 1.08, current ratio is 1.08, and debt-to-equity ratio is 0.45.

ServiceNow (NYSE: NOW) last released earnings results on Wednesday, July 28. The information technology service provider reported earnings per share (EPS) of US$1.42 for the quarter, which was US$1.26 higher than the Thomson Reuters consensus estimate of US$0.16. ServiceNow’s net profit margin is 3.30%, and the return on equity is 9.10%. The company’s revenue for the quarter was $1.41 billion, while analysts estimated it was $1.36 billion. On average, stock analysts predict ServiceNow, Inc.’s earnings per share for this fiscal year will be 1.35.

NOW has been the subject of many recent analyst reports. Royal Bank of Canada raised ServiceNow’s price target from $640.00 to $670.00, and gave the company an “outperform” rating in its research report on Thursday, July 29. Truist raised ServiceNow’s price target from $575.00 to $640.00 and gave the company a “Buy” rating in a research report on Thursday, July 29. Cowen raised ServiceNow’s price target from US$620.00 to US$670.00, and gave the company a “Outperform” rating in a research report on Thursday, July 29. Robert W. Baird (Robert W. Baird) raised ServiceNow’s target price from $340.00 to $390.00, and gave the stock an “outperform” rating in a research report on Thursday, July 29. Finally, Goldman Sachs raised the target price of ServiceNow from US$695.00 to US$725.00 in a research report on Thursday, July 29. Two investment analysts have a hold rating on the stock, 31 have issued a buy rating, and one has a strong buy rating on the company. According to data from MarketBeat.com, the stock’s current average rating is “Buy” and the consensus target price is $651.84.

Institutional investors and hedge funds have recently changed their positions in the industry. Selective Wealth Management Inc. purchased $30,000 worth of new shares in ServiceNow in the second quarter. Wolverine Asset Management LLC increased its stake in ServiceNow by 1,160.0% in the first quarter. Wolverine Asset Management LLC now owns 63 shares of the information technology service provider, and after purchasing an additional 58 shares last quarter, it is worth $31,000. SRS Capital Advisors Inc. purchased a new position in ServiceNow stock worth $33,000 in the second quarter. Lloyd Consulting Services LLC. In the second quarter, its holdings of ServiceNow shares increased by 48.8%. Lloyd Consulting Services LLC. After purchasing another 20 shares last quarter, he now owns 61 shares of this information technology service provider, valued at $34,000. Finally, Bedel Financial Consulting Inc.’s position in ServiceNow increased by 97.0% in the second quarter. During this period, Bedel Financial Consulting Inc. now owns 65 shares of the information technology service provider, valued at $36,000, and purchased 32 shares during this period. Institutional investors and hedge funds hold 85.42% of the company’s shares.

ServiceNow Company Profile

ServiceNow, Inc is engaged in providing enterprise cloud computing solutions. The company provides digital workflows on a single enterprise cloud platform called Now Platform. Its product portfolio focuses on providing information technology, employee and customer workflows. It provides solutions for industries such as government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer goods.

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