ServiceNow, Inc. (NYSE:NOW – Get Rating) Director Frederic B. Luddy sold 6,600 shares of the stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $404.81, for a total value of $2,671,746.00. Following the transaction, the director now owns 31,200 shares of the company’s stock, valued at $12,630,072. The transaction was disclosed in a filing with the Securities & Exchange Commission, available through this link.
ServiceNow Stock Performance
Shares of NYSE NOW opened at $361.75 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.33. ServiceNow, Inc. has a 12 month low of $337.00 and a 12 month high of $702.74. The stock has a 50-day moving average of $402.49 and a 200-day moving average of $444.26. The company has a market capitalization of $73.07 billion, a P/E ratio of 365.40, a P/E/G ratio of 8.46 and a beta of 0.99.
Institutional Trading Services Today
Several institutional investors have recently added to or reduced their stakes in NOW. OLD Second National Bank of Aurora purchased a new stake in ServiceNow during the 1st quarter valued at $28,000. Tortoise Investment Management LLC raised its holdings 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 last quarter. High Net Worth Advisory Group LLC acquired a new position in shares of ServiceNow during the 1st quarter valued at $29,000. Vigilant Capital Management LLC lifted its holdings in shares of ServiceNow by 300.0% in the 3rd quarter. Vigilant Capital Management LLC now owns 96 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 72 shares during the last quarter. Finally, Motco acquired a new position in shares of ServiceNow during the 3rd quarter valued at $37,000. 87.49% of the stock is currently owned by institutional investors.
Wall Street Analysts weigh in
Several research firms have issued reports on NOW. Cowen boosted their price objective on ServiceNow from $510.00 to $520.00 in a research note on Thursday, October 27th. Capital One Financial began coverage on ServiceNow in a report on Monday, October 31st. They set an “overweight” rating and a $516.00 target price on the stock. UBS Group reduced their price target on ServiceNow from $515.00 to $465.00 in a report on Thursday, October 13th. Wells Fargo & Company reduced their price target on ServiceNow from $600.00 to $550.00 and set an “overweight” rating on the stock in a report on Monday, July 25th. Finally, Canaccord Genuity Group reduced their price target on ServiceNow from $615.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $537.26.
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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