ServiceNow, Inc. (NYSE: NOW-Get Rating) CFO Gina Mastantuono sold 193 shares of the company’s stock in a transaction dated Tuesday, April 12th. The stock was sold at an average price of $ 525.00, for a total transaction of $ 101,325.00. Following the transaction, the chief financial officer now owns 4,011 shares of the company’s stock, valued at approximately $ 2,105,775. The transaction was disclosed in an SEC filing, which can be accessed via this hyperlink.
Gina Mastantuono also recently made the following trade (s):
- On Friday, February 18, Gina Mastantuono sold 719 shares of ServiceNow stock. The stock was sold at an average price of $ 565.96, for a total transaction of $ 406,925.24.
- On Tuesday, February 8, Gina Mastantuono sold 2,102 shares of ServiceNow stock. The shares were sold at an average price of $ 564.20, for a total transaction of $ 1,185,948.40.
ServiceNow stock opened at $ 507.33 on Friday. The stock has a market cap of $ 101.47 billion, a P/E ratio of 445.03, a price-to-earnings-growth ratio of 10.08 and a beta of 1.04. The company has a fifty-day simple moving average of $ 558.02 and a 200-day simple moving average of $ 603.29. ServiceNow, Inc. has a 12-month low of $ 448.27 and a 12-month high of $ 707.60. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.
ServiceNow (NYSE: NOW-Get Rating) last released its quarterly earnings data on Wednesday, January 26th. The information technology service provider reported $ 0.29 earnings per share (EPS) for the quarter, ahead of Thomson Reuters ’consensus estimate of $ 0.22 of $ 0.07. The business had revenue of $ 1.61 billion in the quarter, compared to analysts ’expectations of $ 1.60 billion. ServiceNow has a net margin of 3.90% and a return on equity of 9.43%. In the same period last year, the company earned $ 0.16 EPS. As a group, sell-side analysts predict that ServiceNow, Inc. will post 1.86 earnings per share for the current financial year.
Some institutional investors and hedge funds have recently made changes to their NOW positions. Paradiem LLC raised its holdings in shares of ServiceNow by 1.6% in the first quarter. Paradiem LLC now owns 5,125 shares of the information technology services provider’s stock worth $ 2,642,000 after buying an additional 81 shares last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of ServiceNow by 0.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 7,454 shares of the information technology services provider’s stock worth $ 4,151,000 after acquiring an additional 48 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in shares of ServiceNow in the first quarter worth approximately $ 245,000. Ritholtz Wealth Management increased its stake in ServiceNow shares by 7.0% in the first quarter. Ritholtz Wealth Management now owns 1,005 shares of the information technology services provider’s stock worth $ 560,000 after acquiring an additional 66 shares during the period. Finally, Bender Robert & Associates increased its stake in ServiceNow shares by 3,366.2% in the first quarter. Bender Robert & Associates now owns 14,038 shares of the information technology services provider’s stock worth $ 7,818,000 after acquiring an additional 13,633 shares during the period. 86.63% of the stock is owned by hedge funds and other institutional investors.
Some brokerages have recently released reports on NOW. Bank of America lowered their price target on shares of ServiceNow from $ 725.00 to $ 680.00 and set a “buy” rating for the company in a research note on Thursday, January 27th. Mizuho raised their price target on ServiceNow shares from $ 615.00 to $ 650.00 and gave the company a “buy” rating in a research note on Thursday, January 27th. Jefferies Financial Group lowered their price target on ServiceNow shares from $ 765.00 to $ 700.00 and set a “buy” rating for the company in a research note on Thursday, January 27th. Robert W. Baird lowered their target price on ServiceNow shares from $ 650.00 to $ 600.00 in a research note on Thursday, January 27th. Finally, Exane BNP Paribas cut ServiceNow shares from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 29th. Two analysts rated the stock with a sell rating, three assigned a hold rating and twenty-seven gave a buy rating to the stock. According to data from MarketBeat.com, ServiceNow currently has a consensus rating of “Buy” and an average price target of $ 686.52.
About ServiceNow (Get a Rating)
ServiceNow, Inc. provides enterprise cloud computing solutions that define, develop, integrate, manage, and automate services for businesses around the world. It runs 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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