ServiceNow, Inc. (NYSE:NOW – Get Rating) CFO Gina Mastantuono sold 4,262 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $439.10, for a total transaction of $1,871,444.20. Following the completion of the sale, the chief financial officer now directly owns 4,262 shares in the company, valued at approximately $1,871,444.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC website.
ServiceNow Stock Performance
NOW stock traded down $2.22 during trading on Wednesday, reaching $434.62. The company had a trading volume of 1,365,219 shares, compared to its average volume of 1,754,660. The company has a 50-day simple moving average of $468.56 and a 200-day simple moving average of $494.09. The company has a market cap of $87.79 billion, a price-to-earnings ratio of 478.64, a price-to-earnings-growth ratio of 8.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.12. ServiceNow, Inc. has a twelve month low of $406.47 and a twelve month high of $707.60.
ServiceNow (NYSE:NOW – Get Rating) last released its earnings results on Wednesday, July 27th. The information technology services provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The company had revenue of $1.75 billion in the quarter, compared to analysts’ expectations of $1.76 billion. ServiceNow has a net margin of 2.79% and a return on equity of 7.22%. ServiceNow’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. As a group, sell-side analysts expect ServiceNow, Inc. will post 1.72 earnings per share for the current year.
Institutional Trading Services Today
A number of institutional investors have recently bought and sold shares of the stock. Chilton Capital Management LLC acquired a new stake in ServiceNow during the 4th quarter valued at approximately $25,000. OLD Second National Bank of Aurora acquired a new stake in ServiceNow during the 1st quarter valued at about $28,000. Tortoise Investment Management LLC lifted its stake in ServiceNow by 55.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 62 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 22 shares during the period. High Net Worth Advisory Group LLC acquired a new stake in ServiceNow during the 1st quarter valued at approximately $29,000. Finally, Delos Wealth Advisors LLC acquired a new stake in ServiceNow during the 4th quarter valued at approximately $40,000. 87.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on NOW. Royal Bank of Canada reduced their price target on shares of ServiceNow from $670.00 to $610.00 in a research note on Monday, July 18th. Credit Suisse Group reduced their price target on shares of ServiceNow from $700.00 to $650.00 and set an “outperform” rating on the stock in a research note on Thursday, July 28th. KeyCorp reduced their price target on shares of ServiceNow from $567.00 to $520.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. Morgan Stanley reduced their price target on shares of ServiceNow from $594.00 to $575.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. Finally, Stifel Nicolaus decreased their target price on shares of ServiceNow from $650.00 to $550.00 in a research note on Wednesday, May 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, ServiceNow has an average rating of “Moderate Buy” and a consensus price target of $598.84.
ServiceNow Company Profile
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ServiceNow, Inc provides enterprise cloud computing solutions that define, build, integrate, manage, and automate services for businesses worldwide. It powers 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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