ServiceNow, Inc. (NYSE:NOW – Get Rating) insider Paul John Smith sold 411 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $482.95, for a total value of $198,492.45. Following the completion of the transaction, the insider now owns 2,467 shares of the company’s stock, valued at approximately $1,191,437.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Paul John Smith also recently made the following trade(s):
- On Monday, August 15th, Paul John Smith sold 130 shares of ServiceNow stock. The shares were sold at an average price of $502.81, for a total value of $65,365.30.
ServiceNow Stock Drops 2.7%
Shares of NYSE NOW opened at $476.26 on Friday. ServiceNow, Inc. has a 12-month low of $406.47 and a 12-month high of $707.60. The stock has a market cap of $96.20 billion, a PE ratio of 523.36, a P/E/G ratio of 9.96 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $467.79 and a 200-day moving average of $500.74.
ServiceNow (NYSE:NOW – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The information technology services provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. ServiceNow has a return on equity of 7.22% and a net margin of 2.79%. The company had revenue of $1.75 billion in the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the company earned $0.38 EPS. The company’s quarterly revenue was up 24.3% on a year-over-year basis. As a group, sell-side analysts predict that ServiceNow, Inc. will post 1.72 EPS for the current fiscal year.
Institutional Trading Services Today
A number of hedge funds have recently added to or reduced their stakes in NOW. Chilton Capital Management LLC acquired a new stake in ServiceNow during the fourth quarter valued at approximately $25,000. OLD Second National Bank of Aurora bought a new stake in ServiceNow in the first quarter valued at about $28,000. Tortoise Investment Management LLC boosted its holdings in shares of ServiceNow by 55.0% in the second quarter. Tortoise Investment Management LLC now owns 62 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 22 shares during the period. High Net Worth Advisory Group LLC bought a new position in shares of ServiceNow in the first quarter valued at approximately $29,000. Finally, Lee Financial Co grew its stake in ServiceNow by 671.4% during the 4th quarter. Lee Financial Co now owns 54 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 87.20% of the company’s stock.
Changes in Analyst Ratings
A number of equities research analysts recently commented on NOW shares. Oppenheimer reduced their price target on ServiceNow from $660.00 to $600.00 in a report on Thursday, April 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 research note on Thursday, July 28th. Piper Sandler cut their price objective on shares of ServiceNow from $600.00 to $550.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. Canaccord Genuity Group reduced their price target on shares of ServiceNow from $615.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, July 28th. Finally, Jefferies Financial Group lowered their price target on shares of ServiceNow from $700.00 to $550.00 in a report on Monday, May 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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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