ServiceNow, Inc. (NYSE: NOW-Get Rating) insider Lara Caimi sold 726 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $ 474.48, for a total value of $ 344,472.48. Following the sale, the insider now directly owns 99 shares in the company, valued at $ 46,973.52. The transaction is disclosed in a document filed with the Securities & Exchange Commission, available via this hyperlink.
NOW traded $ 7.66 on Wednesday, reaching $ 475.13. 1,669,454 shares of the company’s stock traded hands, compared to its average volume of 1,842,875. The company’s 50-day simple moving average is $ 491.25 and its 200-day simple moving average is $ 556.60. The company has a market cap of $ 95.24 billion, a price-to-earnings ratio of 431.87, a P/E/G ratio of 9.65 and a beta of 1.09. ServiceNow, Inc. has a person low of $ 406.47 and a person high of $ 707.60. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37.
ServiceNow (NYSE: NOW-Get Rating) last released its earnings results on Wednesday, April 27th. The information technology service provider reported $ 0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 0.34 by $ 0.13. The company had revenue of $ 1.72 billion for the quarter, compared to the consensus estimate of $ 1.70 billion. ServiceNow has a return on equity of 8.66% and a net margin of 3.56%. The company’s quarterly revenue rose 26.6% on a year-over-year basis. In the same quarter last year, the company earned $ 0.50 EPS. As a group, equities analysts expect ServiceNow, Inc. will post 1.73 EPS for the current financial year.
Several large investors have recently increased or decreased their stakes NOW. Morgan Stanley increased 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 acquiring an additional 86,441 shares last quarter. New World Advisors LLC bought a new stake in ServiceNow in the 3rd quarter worth approximately $ 350,000. Raised by Assetmark Inc. its stake in ServiceNow was 1,260.0% in the 3rd quarter. Assetmark Inc. now owns 204 shares of the information technology services provider’s stock worth $ 127,000 after acquiring an additional 189 shares last quarter. Eagle Bay Advisors LLC raised its stake in ServiceNow by 75.0% in the 3rd quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $ 27,000 after acquiring an additional 18 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in ServiceNow by 29.2% in the 3rd quarter. Schroder Investment Management Group now owns 26,380 shares of the information technology services provider’s stock worth $ 16,415,000 after acquiring an additional 5,969 shares last quarter. 87.20% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the company. Barclays lowered their price target on ServiceNow from $ 652.00 to $ 613.00 in a research report on Thursday, April 28th. BNP Paribas cut ServiceNow from a “neutral” rating to an “underperform” rating and set a $ 460.00 price target on the stock. in a research report on Tuesday, March 29th. Cowen lowered their price target on ServiceNow from $ 725.00 to $ 695.00 in a research report on Thursday, April 28th. Credit Suisse Group lowered their price target on ServiceNow from $ 800.00 to $ 700.00 in a research report on Thursday, April 28th. Finally, Truist Financial lowered their target price on ServiceNow from $ 700.00 to $ 600.00 in a research report on Tuesday, May 10th. Two equities research analysts rated the stock with a sell rating, three assigned a hold rating and twenty-seven gave a buy rating to the stock. According to data from MarketBeat, ServiceNow currently has a consensus rating of “Buy” and an average target price of $ 638.59.
About ServiceNow (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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