ServiceNow, Inc. (NYSE: NOW-Get Rating) insider Jacqueline P. Canney sold 580 shares of business stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $ 431.51, for a total transaction of $ 250,275.80. Following the completion of the sale, the insider now owns 189 shares of the company’s stock, valued at approximately $ 81,555.39. The transaction was disclosed in a legal filing with the SEC, accessible via this link.
Shares of ServiceNow stock opened at $ 432.32 on Wednesday. The company’s fifty-day simple moving average is $ 522.72 and its 200-day simple moving average is $ 582.27. The stock has a market capitalization of $ 86.66 billion, a price-to-earnings ratio of 393.02, a PEG ratio of 8.94 and a beta of 1.09. ServiceNow, Inc. has a 12 -month low of $ 416.56 and a 12 -month high of $ 707.60. The company has a debt-to-equity ratio of 0.37, current ratio of 1.12 and quick ratio of 1.12.
ServiceNow (NYSE: NOW-Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 1.73 revenue per share for the quarter, beating analysts ’consensus estimates of $ 1.70 by $ 0.03. ServiceNow has a net margin of 3.56% and a return on equity of 8.66%. The company had revenue of $ 1.72 billion for the quarter, compared to analyst estimates of $ 1.70 billion. At the same time last year, the company posted $ 0.50 EPS. ServiceNow’s quarterly revenue rose 26.6% on a year-over-year basis. Analysts expect ServiceNow, Inc. will post 1.8 earnings per share for the current year.
Some large investors have recently bought and sold shares of the stock. Powered by BlackRock Inc. its position in ServiceNow shares of 0.4% in the 4th quarter. BlackRock Inc. now owns 16,190,700 shares of the information technology services provider’s stock worth $ 10,509,544,000 after buying an additional 65,623 shares in the last quarter. State Street Corp. strengthened its position in ServiceNow shares by 3.2% in the 4th quarter. State Street Corp. now owns 7,870,165 shares of the information technology services provider’s stock worth $ 5,108,603,000 after buying an additional 241,296 shares in the last quarter. Morgan Stanley raised its stake in ServiceNow by 1.2% in the 2nd quarter. Morgan Stanley now owns 7,277,395 shares of the information technology services provider’s stock worth $ 3,999,292,000 after buying an additional 86,441 shares last quarter. Geode Capital Management LLC increased its stake in shares of ServiceNow by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 3,082,765 shares of the information technology services provider’s stock worth $ 1,995,048,000 after acquiring an additional 106,519 shares last quarter. Finally, Nuveen Asset Management LLC raised its stake in ServiceNow shares by 11.7% in the 4th quarter. Nuveen Asset Management LLC now owns 2,925,155 shares of the information technology services provider’s stock worth $ 1,898,748,000 after acquiring an additional 305,908 shares in the last quarter. Hedge funds and other institutional investors own 87.20% of the company’s stock.
Several research analysts recently commented on NOW shares. KeyCorp lowered their price target on ServiceNow shares from $ 692.00 to $ 613.00 and set an “overweight” rating for the company in a research note on Monday, April 25th. TheStreet downgraded ServiceNow shares from a “b-” rating to a “c+” rating in a research report on Tuesday, April 26th. Canaccord Genuity Group lowered their price target on ServiceNow shares from $ 715.00 to $ 615.00 in a report on Thursday, January 27th. Exane BNP Paribas downgraded ServiceNow shares from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 29th. Finally, BMO Capital Markets lowered their price target on ServiceNow shares from $ 635.00 to $ 570.00 in a report on Wednesday, April 27th. Two research analysts rated the stock with a sell rating, three assigned a hold rating and twenty-seven gave the stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $ 664.74.
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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