ServiceNow, Inc. (NYSE:NOW – Get Rating) insider Lara Caimi sold 977 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 43 shares in the company, valued at approximately $22,143.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Lara Caimi also recently made the following trade(s):
- On Tuesday, May 31st, Lara Caimi sold 726 shares of ServiceNow stock. The shares were sold at an average price of $474.48, for a total value of $344,472.48.
ServiceNow Stock Up 1.4 %
Shares of NOW opened at $506.51 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.35. ServiceNow, Inc. has a 52-week low of $406.47 and a 52-week high of $707.60. The company has a market cap of $102.32 billion, a PE ratio of 556.60, a P/E/G ratio of 10.13 and a beta of 0.94. The business has a fifty day moving average of $468.07 and a 200 day moving average of $503.32.
ServiceNow (NYSE:NOW – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The information technology services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.12 by $0.08. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. ServiceNow has a net margin of 2.79% and a return on equity of 7.22%. The company’s revenue increased by 24.3% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS. On average, sell-side analysts expect that ServiceNow, Inc. will post 1.73 EPS for the current year.
Institutional Investors Weigh In On The Service Now
Institutional investors and hedge funds have recently modified their holdings of the business. Chilton Capital Management LLC purchased a new position in shares of ServiceNow in the fourth quarter valued at approximately $25,000. OLD Second National Bank of Aurora purchased a new stake in shares of ServiceNow during the first quarter valued at about $28,000. High Net Worth Advisory Group LLC bought a new stake in shares of ServiceNow in the first quarter valued at about $29,000. Lee Financial Co grew its stake in ServiceNow by 671.4% in the fourth quarter. Lee Financial Co now owns 54 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 47 shares in the last quarter. Finally, Delos Wealth Advisors LLC purchased a new position in ServiceNow during the 4th quarter valued at $40,000. 87.20% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price target on ServiceNow from $700.00 to $680.00 in a report on Thursday, April 28th. Piper Sandler cut their price target on shares of ServiceNow from $600.00 to $550.00 and set an “overweight” rating on the stock in a report on Thursday, July 28th. JMP Securities decreased their price objective on shares of ServiceNow from $705.00 to $553.00 and set a “market outperform” rating for the company in a report on Thursday, July 28th. Guggenheim initiated coverage on ServiceNow in a report on Friday. They set a “neutral” rating and a $510.00 target price on the stock. Finally, Credit Suisse Group dropped their price objective on ServiceNow from $700.00 to $650.00 and set an “outperform” rating on the stock in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and a consensus price target of $598.84.
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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