ServiceNow, Inc. (NYSE: NOW-Get Rating) Insider Christopher Bedi sold 495 shares of business stock in a transaction on Friday, April 29th. The shares were sold at an average price of $ 489.18, for a total value of $ 242,144.10. Following the completion of the sale, the insider now owns 12,977 shares in the company, valued at $ 6,348,088.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available through the SEC website.
Christopher Bedi also recently made the following trade (s):
- On Friday, March 25, Christopher Bedi sold 700 shares of ServiceNow stock. The shares were sold at an average price of $ 581.04, for a total value of $ 406,728.00.
- On Friday, Feb. 18, Christopher Bedi sold 239 shares of ServiceNow stock. The shares were sold at an average price of $ 565.96, for a total value of $ 135,264.44.
- On Monday, Feb. 14, Christopher Bedi sold 158 shares of ServiceNow stock. The shares were sold at an average price of $ 578.87, for a total value of $ 91,461.46.
- On Tuesday, Feb. 8, Christopher Bedi sold 647 shares of ServiceNow stock. The shares were sold at an average price of $ 564.20, for a total value of $ 365,037.40.
The NYSE NOW opened at $ 484.50 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.05. ServiceNow, Inc. has a fifty -two -week low of $ 448.27 and a fifty -two -week high of $ 707.60. The stock has a market cap of $ 97.12 billion, a P/E ratio of 440.45, a price-to-earnings-growth ratio of 9.18 and a beta of 1.04. The stock has a 50 day simple moving average of $ 535.74 and a two-hundred day simple moving average of $ 590.84.
ServiceNow (NYSE: NOW-Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 1.73 earnings per share (EPS) for the quarter, beating Zacks ’consensus estimate of $ 1.70 by $ 0.03. ServiceNow has a net margin of 3.56% and a return on equity of 8.97%. The business had revenue of $ 1.72 billion for the quarter, compared to the consensus estimate of $ 1.70 billion. In the same period last year, the company earned $ 0.50 EPS. The company’s quarterly revenue rose 26.6% compared to the same quarter last year. Sell-side analysts predict that ServiceNow, Inc. will post 1.85 revenue per share for the current year.
Some research companies have recently released reports on NOW. Deutsche Bank Aktiengesellschaft reduced their price target on ServiceNow from $ 700.00 to $ 680.00 in a research note on Thursday, April 28th. Jefferies Financial Group lowered their price target on ServiceNow from $ 765.00 to $ 700.00 and set a “buy” rating on the stock in a research note on Thursday, January 27th. KeyCorp reduced their price target on ServiceNow from $ 692.00 to $ 613.00 and set an “overweight” rating on the stock in a research note on Monday, April 25th. Exane BNP Paribas downgraded ServiceNow from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 29th. Finally, Citigroup increased their price target on ServiceNow from $ 623.00 to $ 656.00 in a research report on Thursday, April 28th. Two research analysts rated the stock with a sell rating, three gave a hold rating and twenty-seven gave a buy rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow currently has a consensus rating of “Buy” and a consensus target price of $ 667.97.
Some hedge funds and other institutional investors have recently changed their holdings of NOW. Morgan Stanley raised its holdings 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 in the last quarter. SG Americas Securities LLC raised its holdings in ServiceNow by 101.7% in the 3rd quarter. SG Americas Securities LLC now owns 2,674 shares of the information technology services provider’s stock worth $ 1,664,000 after buying an additional 157,918 shares in the last quarter. New World Advisors LLC bought a new position in ServiceNow in the 3rd quarter worth $ 350,000. Lincoln National Corp increased its stake in shares of ServiceNow by 2.6% in the 3rd quarter. Lincoln National Corp. now owns 1,566 shares of the information technology services provider’s stock worth $ 975,000 after acquiring an additional 39 shares in the last quarter. Finally, Advisor Group Holdings Inc. its stake in ServiceNow shares of 3.4% in the 3rd quarter. Advisor Group Holdings Inc. now owns 58,818 shares of information technology services provider stock worth $ 36,647,000 after acquiring an additional 1,921 shares in the last quarter. Institutional investors and hedge funds own 87.20% of the company’s stock.
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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