A Glimpse of What ServiceNow Inc. Does (NOW) Insiders

ServiceNow Inc. (NYSE:NOW) saw a rise of 0.06% to close Tuesday at $459.99 after adding $0.28 on the day. The 5-day average trading volume is 929,600 shares of the company’s common stock. It gained $493.66 in the past week and reached a new high 1 time in the last 5 days. An average of 1,670,295 shares of the company were traded in the last 20 days, and the 50-day average volume stands at 1,733,514.

NOW’s 1 month performance is 4.54% or $13.22 off its low of $417.78 hit on 07/26/22. Shares of the company hit a 52-week low of $406.47 and a high of $707.60, with the stock rallying to a 52-week high occurring on 01/03/22. YTD, NOW lost -29.14% or -$189.12 and reached a new high of 1 time. However, the current price is down -34.99% from its 52-week high price.


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Insider Transactions

On August 18, 6 days have passed since the last insider trading activity for ServiceNow Inc. (NOW). ELMER RUSSELL S (General Counsel) last sold 758 shares at $486.36 per share on August 18. This transaction valued the insider at $368,661. Chief Commercial Officer, Smith Paul John, sold 411 shares at a price of $482.95 on August 18. Then, on August 15, Chief Commercial Officer Smith Paul John sold 130 shares at a price of $502.81 per share. This transaction totaled $65,366.

Valuation Metrics

NOW the stock has a beta of 0.95. Moving to other valuation ratios, trailing price-to-sales (P/S) ratio is 14.47 while price-to-book (PB) for the most recent quarter is 22.04, with price to cash flow ratio at 47.24 .

The quick ratio of ServiceNow Inc. for the period ended June 29 was 1.10, with the current ratio for the same period at 1.10. Also, the company’s long-term debt to equity for the quarter ending June 29 was 0.35, while total debt to equity was 0.35. In terms of profitability, the gross margin trailing 12 months is 77.50%. The company’s total revenue as reported came to $4.54 billion against revenue of $5.9 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, ServiceNow Inc.’s cash and short-term investments. amounted to $2.17 billion against total debt of $2.14 billion. Net income and sales increased compared to the numbers reported in the previous quarter. Net income shrank -195.0% to $20.0 million, while revenue of $75.0 million was -275.0% from the previous quarter. Analysts expected NOW to announce $1.54 per share in earnings for its most recent quarter, but it posted $1.62, representing a 5.20% surprise. EBITDA for the quarter reached more than $213.0 million. NOW’s stock balance sheet for the quarter ending June 29 shows total liabilities at $6.91 billion, with total debt at $2.14 billion. Shareholders hold equity totaling $20.2 million.

Let’s take a look at ServiceNow Inc’s price momentum. (NOW) from a technical analysis perspective. The 9-day relative strength index at the close of August 23 was 37.45% to suggest that the stock is trending Neutral, with historical volatility during this period at 23.27%.

The stock’s 5-day moving average is $474.86, reflecting a -7.40% or -$36.75 change from its current price. NOW is currently trading +8.79% above its 20-day SMA, -19.86% above its 100-day SMA. However, the current stock price level is far from SMA50 by -2.78% and SMA200 by -34.45%.

Stochastic %K and %D are 18.43% and 37.56% and the average true range (ATR) points to 16.70. RSI (14) is pointing at 44.02%, while 14-day stochastic is at 6.41% with period ATR at 18.19. The stock’s 9-day MACD Oscillator is pointing to -21.47 and -25.22 on the 14-day chart.

Analyst Ratings

In the latest analyst report for ServiceNow Inc. (NYSE: NOW), Guggenheim launched coverage with a Neutral rating. The analysts offering their ratings for NOW stock have a consensus rating for the stock as Buy. Currently, 1 brokerage advisor rates NOW as a “sell,” while 2 advise investors to “Hold.” 0 analysts rate the stock as underweight. 2 rate the stock as overweight while 29 have offered a “buy” rating.

What is NOW’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $495.00 and a high of $752.00, with their median price target at $550.00. Looking at these predictions, the average price target given by analysts is for ServiceNow Inc stock. (NOW) is $553.83.

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