In a filing, ServiceNow Inc. announced. its General Counsel ELMER RUSSELL S issued shares of the Company for a reported $1.13 million on September 19. In a deal valued at $422.80 per share, 2,666 shares were sold. As a result of this transaction, ELMER RUSSELL S now holds 6,627 shares worth approximately $2.5 million.
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Later, LUDDY FREDERIC B sold 6,600 shares, generating $2,797,732 in gross profit. By selling the shares at $423.90, the Director now owns 32,400 shares.
Before that, Mastantuono Gina sold 4,262 shares. Shares of ServiceNow Inc. worth $1,871,423 was removed by the Chief Financial Officer at a price of $439.10 per share. As a result of the transaction, Mastantuono Gina now holds 4,262 shares, valued at approximately $1.61 million.
MoffettNathanson started ServiceNow Inc. [NOW] rating to a Hold in a research note published on Friday, September 22, 2022; the price target is $553. PT values the company’s stock at a premium of 31.72 to its Friday closing price. Several analysts have revised their coverage, including Guggenheim analysts, who began covering the stock in mid-August with a ‘”a Neutral” rating. Bernstein began coverage of NOW with a recommendation of “an Outperform” on July 20, 2022. Wells Fargo began coverage of the stock on May 18, 2022. It rates NOW as “an Overweight.”
NOW’s Price Performance Analysis
On Friday, ServiceNow Inc. [NYSE:NOW] saw its stock fall -2.05% to $377.61. During the same session, the stock had an intraday low of $377.18, but rose to a high of $396.08. Over the past five days, the stock has gained 0.15%. Shares of ServiceNow Inc. has fallen by almost -41.83% since the year began. However, stocks have fallen -39.32% in the past one year. While the 52-week high of $707.60 was reached on 01/03/22, the 52-week low of $367.71 was recorded on 09/26/22. The 50 day SMA touched $447.49, while the 200 day placed it at $503.89. A total of 1.82 million shares were traded, compared to trading of 1.5 million shares in the previous session.
Support And Resistance Levels In NOW Stock
The 24-hour chart depicts a support level at 371.17, which if breached would result in more declines at 364.72. On the upside, there is a resistance level at 390.07. An additional resistance level may hold at 402.52. The Relative Strength Index (RSI) on the 14-day chart is 32.79, indicating a neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) is at -21.29, suggesting that the price will decline in the next period of trade. The R percentage indicates that the price movement has been bearish at 89.34%. Stochastics %K at 14.84% indicates that the stock is a buy.
How much is the short interest on ServiceNow Inc.?
A strong increase in short interest was recorded in ServiceNow Inc stocks. on Jul 14, 2022, which decreased by -0.31 million shares to a total of 4.0 million shares. Yahoo Finance data shows that prior month short interest as of June 14, 2022 was 4.31 million shares. There was a decrease of -7.75%, indicating that there is a negative sentiment for the stock. Despite short shares comprising only 2.00% of the total stock float, the days-to-cover ratio (short ratio) fell to 2.11.
ServiceNow Inc. [NOW] – Who are the Largest Shareholders?
In filings from The Vanguard Group, Inc., it was revealed that the company now owns 15,723,059 shares, or approximately 7.78% of the outstanding NOW shares. In other words, investor shares increased by 235,927 from its previous 13-F filing of 15487132.0. In addition, T. Rowe Price Associates, Inc. decreased -1.40% of its stake after which the total value it holds stands at $6,092,450,136, while BlackRock Fund Advisors added 1.01% of its stake to hold $4.16 billion in the firm. In the last quarter, SSgA Funds Management, Inc. sold -78,723 shares of ServiceNow Inc., while Capital Research & Management Co sold 222,292 shares. Currently, Morgan Stanley Investment Managem holds 4,667,228 shares worth $2.03 billion. Edgewood Management LLC owned 4,122,588 shares of the company’s stock as of its most recent 13F filing, worth $1.79 billion.
According to FactSet, the share price of ServiceNow Inc. will average $553.80 next year, based on opinions of analysts polled by the firm. This is up nearly 42.67 percent from the previous closing price of $385.50. Analysts expect ServiceNow Inc. stock to reach The highest price is $752.00, while the lowest price estimate is $495.00. However, 34 analysts rate NOW stock a Buy in their 2022 forecasts.