ServiceNow, Inc. (NYSE: NOW – Get Rating) Director Frederic B. Luddy sold 6,600 shares of ServiceNow stock in a transaction that occurred on Thursday, July 7th. 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 owns 33,600 shares of the company’s stock, valued at $ 16,699,536. The transaction was disclosed in a legal filing with the SEC, available at this link.
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.
ServiceNow stock dropped $ 3.75 in mid -day trading on Monday, reaching $ 490.40. The company’s stock has a trading volume of 954,554 shares, compared to its average volume of 1,756,760. The company has a debt-to-equity ratio of 0.37, current ratio of 1.12 and quick ratio of 1.12. The stock has a market cap of $ 98.31 billion, a price-to-earnings ratio of 445.82, a price-to-earnings-growth ratio of 10.00 and a beta of 1.03. The business has a 50-day moving average price of $ 465.24 and a 200-day moving average price of $ 521.79. ServiceNow, Inc. has a 12 -month low of $ 406.47 and a 12 -month high of $ 707.60.
ServiceNow (NYSE: NOW – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 0.47 EPS for the quarter, beating the consensus estimate of $ 0.34 by $ 0.13. The company had revenue of $ 1.72 billion in the quarter, compared to the agreed $ 1.70 billion. ServiceNow has a net margin of 3.56% and a return on equity of 8.66%. The company’s quarterly revenue rose 26.6% compared to the same quarter last year. At the same time last year, the company posted $ 0.50 profit per share. On average, equities research analysts expect ServiceNow, Inc. will post 1.73 earnings per share for the current financial year.
Large investors have recently changed their holdings of the company. Vanguard Group Inc. raised its position in ServiceNow shares by 1.9% in the first quarter. Vanguard Group Inc. now owns 16,295,607 shares of the information technology services provider’s stock worth $ 9,074,862,000 after purchasing an additional 306,106 shares during the period. Raised by BlackRock Inc. its position in ServiceNow shares of 0.4% in the fourth quarter. BlackRock Inc. now owns 16,190,700 shares of the information technology services provider’s stock worth $ 10,509,544,000 after purchasing an additional 65,623 shares during the period. State Street Corp raised its position on shares of ServiceNow by 3.2% in the fourth quarter. State Street Corp. now owns 7,870,165 shares of the information technology services provider’s stock worth $ 5,108,603,000 after purchasing an additional 241,296 shares during the period. Polen Capital Management LLC raised its position in ServiceNow shares by 2.1% in the first quarter. Polen Capital Management LLC now owns 3,219,600 shares of the information technology services provider’s stock worth $ 1,792,963,000 after purchasing an additional 67,385 shares during the period. Finally, Capital International Investors raised its position in ServiceNow shares by 18.1% in the first quarter. Capital International Investors now owns 3,207,748 shares of the information technology services provider’s stock worth $ 1,786,783,000 after purchasing an additional 491,835 shares during the period. 87.20% of the stock is owned by hedge funds and other institutional investors.
Several research companies have recently weighed in on NOW. Barclays lowered their price target on ServiceNow shares from $ 652.00 to $ 613.00 in a research note on Thursday, April 28th. TheStreet downgraded ServiceNow shares from a “b-” rating to a “c+” rating in a research note on Tuesday, April 26th. Citigroup boosted their price target on ServiceNow shares from $ 623.00 to $ 656.00 in a research report on Thursday, April 28th. StockNews.com began coverage of the components of ServiceNow in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Jefferies Financial Group reduced their target price on ServiceNow shares from $ 700.00 to $ 550.00 in a research report on Monday, May 23rd. Two analysts rated the stock with a sell rating, two gave a hold rating and twenty-five gave a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $ 640.70.
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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