ServiceNow Inc. recently announced that its Chief Commercial Officer Smith Paul John issued Company shares for a reported $65366.0 on August 15. In a deal valued at $502.81 per share, 130 shares were sold. As a result of this transaction, Smith Paul John now holds 2,157 shares worth approximately $1.07 million.
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Then ELMER RUSSELL S sold 178 shares, generating $89,356 in total proceeds. Selling the shares at $502.00, the General Counsel now owns 9,293 shares.
Before that, Caimi Lara sold 977 shares. Shares of ServiceNow Inc. worth $503,116 was removed by Chief Customer & Partner Ofc at a price of $514.96 per share. As a result of the transaction, Caimi Lara now holds 43 shares, worth approximately $21359.82.
Guggenheim started ServiceNow Inc. [NOW] rating to Neutral in a research note published on Tuesday, August 12, 2022; the price target is $510. PT values the company’s stock at a premium of 2.6 to its Tuesday closing price. Several analysts have revised their coverage, including Bernstein’s analysts, who began covering the stock in mid-July with a rating of ‘”an Outperform”. Wells Fargo started coverage of NOW with an “Overweight” recommendation on May 18, 2022. Exane BNP Paribas revised its rating on March 29, 2022. It rated NOW as “an Underperform” previously a “a Neutral”.
NOW’s Price Performance Analysis
On Tuesday, ServiceNow Inc. [NYSE:NOW] saw its stock fall -1.45% to $496.74. During the same session, the stock had an intraday low of $491.55, but rose to a high of $500.40. Over the past five days, the stock has gained 1.90%. Shares of ServiceNow Inc. has fallen by almost -23.47% since the year began. However, stocks have fallen -14.39% over the past one year. While the 52-week high of $707.60 was reached on 01/03/22, the 52-week low of $406.47 was recorded on 05/12/22. The 50 day SMA touched $469.52, while the 200 day placed it at $540.84. A total of 1.43 million shares were traded, compared to trading of 1.66 million shares in the previous session.
Support And Resistance Levels In NOW Stock
The 24-hour chart depicts a support level at 492.06, which if breached would result in more declines at 487.38. On the upside, there is a resistance level at 500.91. An additional level of resistance may hold at 505.08. The Relative Strength Index (RSI) on the 14-day chart is 56.89, indicating a neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.86, suggesting that the price will rise in the near term. of trade. The R percentage indicates that the price movement has been bullish at 25.37%. Stochastics %K at 80.74% indicates that the stock is a sell.
How much is the short interest in 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 7.84% of the outstanding NOW shares. In other words, investor shares increased by 235,927 from its previous 13-F filing of 15487132.0. Additionally, T. Rowe Price Associates, Inc. has increased its stake by 0.54% after which the total value it holds is at $6,350,203,633, while BlackRock Fund Advisors added 1.01% of its stake to hold $4.27 billion in the firm. In the last quarter, SSgA Funds Management, Inc. sold -4,073 shares of ServiceNow Inc., while Morgan Stanley Investment Managem sold -407,469 shares. Currently, Capital Research & Management Co holds 4,629,166 shares worth $2.07 billion. Edgewood Management LLC owned 4,122,588 shares of the company’s stock as of its most recent 13F filing, worth $1.84 billion.
According to FactSet, the share price of ServiceNow Inc. will average $560.47 next year, based on opinions of analysts polled by the firm. This is up nearly 9.11 percent from the previous closing price of $504.07. 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.