ServiceNow, Inc. (NYSE: NOW – Get Rating) Director Frederic B. Luddy sold 6,600 shares of stock in a transaction dated Thursday, July 7. The shares were sold at an average price of $ 497.01, for a total transaction of $ 3,280,266.00. Following the completion of the transaction, the director now directly owns 33,600 shares of the company’s stock, valued at approximately $ 16,699,536. The sale was disclosed in a document filed with the SEC, available at this hyperlink.
Frederic B. Luddy also recently made the following trade (s):
- On Wednesday, June 8, Frederic B. Luddy sold 707 shares of ServiceNow stock. The shares were sold at an average price of $ 501.92, for a total transaction of $ 354,857.44.
NYSE: NOW opened at $ 490.40 on Tuesday. ServiceNow, Inc. has a 12 -month low of $ 406.47 and a 12 -month high of $ 707.60. The firm has a fifty-day simple moving average of $ 465.24 and a 200-day simple moving average of $ 521.79. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $ 98.31 billion, a P/E ratio of 445.82, a PEG ratio of 10.00 and a beta of 1.03.
ServiceNow (NYSE: NOW-Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 0.47 EPS for the quarter, ahead of the consensus estimate of $ 0.34 of $ 0.13. ServiceNow has a net margin of 3.56% and a return on equity of 8.66%. The business had revenue of $ 1.72 billion in the quarter, compared to the agreed $ 1.70 billion. At the same time last year, the company posted $ 0.50 profit per share. Business revenue for the quarter rose 26.6% compared to the same quarter last year. Equities analysts predicted that ServiceNow, Inc. will post 1.73 EPS for the current year.
Several large investors have recently bought and sold shares of the company. BMS Financial Advisors LLC raised its stake in shares of ServiceNow by 5.9% in the second quarter. BMS Financial Advisors LLC now owns 1,268 shares of the information technology services provider’s stock worth $ 603,000 after buying an additional 71 shares during the period. Wedmont Private Capital raised its stake in shares of ServiceNow by 7.1% in the second quarter. Wedmont Private Capital now owns 1,133 shares of the information technology services provider’s stock worth $ 539,000 after buying an additional 75 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of ServiceNow by 2.1% in the second quarter. Revolve Wealth Partners LLC now owns 1,401 shares of the information technology services provider’s stock worth $ 666,000 after buying an additional 29 shares in the last quarter. FRG Family Wealth Advisors LLC raised its holdings in ServiceNow shares by 43.3% in the second quarter. FRG Family Wealth Advisors LLC now owns 695 shares of the information technology services provider’s stock worth $ 330,000 after buying an additional 210 shares in the last quarter. Finally, Paradiem LLC raised its holdings in shares of ServiceNow by 14.7% in the second quarter. Paradiem LLC now owns 5,876 shares of the information technology services provider’s stock worth $ 2,794,000 after buying an additional 751 shares last quarter. Institutional investors and hedge funds own 87.20% of the company’s stock.
A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on ServiceNow shares from $ 700.00 to $ 680.00 in a report on Thursday, April 28th. KeyCorp lowered their price target on ServiceNow shares from $ 692.00 to $ 613.00 and set an “overweight” rating on the stock in a research report on Monday, April 25th. Mizuho lowered their price target on ServiceNow shares from $ 650.00 to $ 550.00 and set a “buy” rating on the stock in a research report on Wednesday, May 25th. TheStreet downgraded ServiceNow shares from a “b-” rating to a “c+” rating in a research report on Tuesday, April 26th. Finally, Exane BNP Paribas downgraded ServiceNow shares from a “neutral” rating to an “underperform” rating in a research report on Tuesday, March 29th. Two research analysts rated the stock with a sell rating, two issued a hold rating and twenty-five gave the company a buy rating. According to data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus price target of $ 640.70.
ServiceNow Company Profile (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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