ServiceNow Inc. (NOW): Find Out What Insiders Are Up To

ServiceNow Inc. (NYSE:NOW) ended Friday up $7.06 to close at $506.51, up 1.41 percent. An average of 1,519,240 shares of common stock were traded in the last five days. There was a gain of $11.66 in the past week, and it hit a new high 20 times in the past 12 months. The last 20 days saw an average of 1,859,745 shares traded, while the 50-day average volume stood at 1,765,800.

NOW stock is up 20.32% over the past month. The company’s shares hit their 1-month low point of $407.50 on 07/14/22. As the stock rallied to its 52-week high on 01/03/22, shares of the company hit a 52-week low of $406.47 and a 52-week high of $707.60. It reached a new high 1 time so far this year and lost -21.97% or -$142.60 in price. Despite this, the price is down -28.42% from its 52-week high.

Insider Transactions

It has been 3 days since ServiceNow Inc last reported. (NOW) is the activity of insider trading. Caimi Lara, who is Chief Customer & Partner Ofc, recently acquired $977 shares at $514.96 per share on August 10. In this transaction, the insider spent $503,116. The director, LUDDY FREDERIC B, disposed of 6,600 shares at a price of $465.86 on Aug 03. The insider now owns more than $3,074,679 worth of shares. Prior to that, Director Chadwick Jonathan proceeded to Sell 1,000 shares at $450.58 each on August 01. A transaction amounting to $450,580 was made.

Valuation Metrics

ServiceNow Inc. (NOW) has a trailing price-to-earnings (P/E) ratio of 559.06. The beta of the stock is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 15.44, the price-to-book (PB) ratio at 24.27, and the price-to-cash flow ratio at 50.41.

Financial health

The quick ratio of ServiceNow Inc. for the three months ended June 29 was 1.10, and the current ratio is 1.10, indicating that the company is meeting its debt obligations. Further, the company had a long-term debt to equity ratio of 0.35 and a total debt to equity ratio of 0.35 for the quarter ending June 29. Its total profit as reported was $4.54 billion compared to revenue of $5.9 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. Over the past 12 months, ServiceNow Inc.’s return on assets. is 1.70%.

Earnings Surprise

For the three-month period ended June 29, ServiceNow Inc. has $2.17 billion in cash. In the quarter under review, the net profit has increased over the previous quarter. The company posted net income of $20.0 million in the quarter, while revenues shrank -195.0%. Analyst consensus expects that ServiceNow Inc.’s latest quarter earnings. was in at $1.54 per share, but ended up at $1.62, a 5.20% surprise. For the quarter, EBITDA reached $213.0 million. Shareholders own equity worth $20.2 million.

Technical Image

From a technical analysis perspective, let’s take a look at ServiceNow Inc’s price momentum. (NOW). The 9-day RSI closing on August 12 was 64.30%, suggesting that the stock is Neutral, with historical volatility during this period at 42.54%.

Currently, the price of NOW is $500.91 +2.36% or $11.66 from its 5-day moving average. NOW is currently trading +16.27% higher than its 20-day SMA and -11.11% lower than its 100-day SMA. However, the current stock price level is +6.60% above SMA50 and -25.15% below SMA200.

The stochastic %K and %D are 87.91% and 88.25%, respectively, and the average true range (ATR) is 21.35. With the 14-day stochastic at 85.49% and the average true range at 21.69, the RSI (14) is at 60.60%. The stock touched 16.46 on the 9-day MACD Oscillator while the 14-day reading is at 34.05.

Analyst Ratings

Guggenheim launched coverage on ServiceNow Inc. (NYSE:NOW) in analyst report released on August 12, 2022. The firm assigned the stock a Neutral rating. The consensus rating for ServiceNow Inc. (NOW) to analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advises that investors sell NOW, while 2 suggest that investors hold. There are 0 analysts rating the stock as underweight. The stock is rated overweight by 2 analysts, while 29 others rate it a “buy”.

What is NOW’s price target for the next 12 months?

Analysts predict a range of price targets between $495.00 and $752.00, with a median target of $550.00. Looking at these predictions, the average price target given by analysts for ServiceNow Inc stock. (NOW) is $560.47.

#ServiceNow #Find #Insiders #Source Link # ServiceNow Inc. (NOW): Find Out What Insiders Are Up To

Leave a Comment