ServiceNow, Inc. (NYSE:NOW – Get Rating) insider Paul John Smith sold 130 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $502.81, for a total value of $65,365.30. Following the completion of the sale, the insider now directly owns 2,157 shares in the company, valued at $1,084,561.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Paul John Smith also recently made the following trade(s):
- On Wednesday, May 18th, Paul John Smith sold 412 shares of ServiceNow stock. The stock was sold at an average price of $427.17, for a total value of $175,994.04.
ServiceNow Stock Up 0.2 %
Shares of NOW opened at $489.60 on Friday. The business’s 50 day moving average is $467.72 and its 200 day moving average is $502.07. The company has a market capitalization of $98.90 billion, a PE ratio of 538.02, a price-to-earnings-growth ratio of 10.08 and a beta of 0.94. ServiceNow, Inc. has a 12-month low of $406.47 and a 12-month 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 0.35.
ServiceNow (NYSE:NOW – Get Rating) last released its earnings results on Wednesday, July 27th. The information technology services provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.08. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. ServiceNow had a return on equity of 7.22% and a net margin of 2.79%. The company’s quarterly revenue was up 24.3% on a year-over-year basis. In the same quarter last year, the company earned $0.38 EPS. Research analysts expect that ServiceNow, Inc. will post 1.73 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. UBS Group cut their price target on ServiceNow from $540.00 to $515.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. KeyCorp cut their price target on ServiceNow from $567.00 to $520.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. TheStreet cut ServiceNow from a “b-” rating to a “c+” rating in a research report on Tuesday, April 26th. Piper Sandler dropped their price objective on ServiceNow from $600.00 to $550.00 and set an “overweight” rating on the stock in a research report on Thursday, July 28th. Finally, Cowen lowered their price objective on ServiceNow from $725.00 to $695.00 in a research report on Thursday, April 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, ServiceNow presently has an average rating of “Moderate Buy” and an average price target of $598.84.
Institutional Trading Services Today
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raised by Vanguard Group Inc. its holdings in ServiceNow by 1.9% in the 1st quarter. The Vanguard Group Inc. now owns 16,295,607 shares of the information technology services provider’s stock valued at $9,074,862,000 after buying an additional 306,106 shares in the last quarter. Raised by BlackRock Inc. its holdings in ServiceNow by 0.4% during the 4th quarter. BlackRock Inc. now owns 16,190,700 shares of the information technology services provider’s stock valued at $10,509,544,000 after buying an additional 65,623 shares in the last quarter. State Street Corp boosted its holdings in ServiceNow by 3.2% during the 4th quarter. State Street Corp now owns 7,870,165 shares of the information technology services provider’s stock valued at $5,108,603,000 after purchasing an additional 241,296 shares during the last quarter. Polen Capital Management LLC boosted its holdings in ServiceNow by 2.1% during the 1st quarter. Polen Capital Management LLC now owns 3,219,600 shares of the information technology services provider’s stock valued at $1,792,963,000 after buying an additional 67,385 shares during the last quarter. Finally, Capital International Investors boosted its holdings in ServiceNow by 18.1% during the 1st quarter. Capital International Investors now owns 3,207,748 shares of the information technology services provider’s stock valued at $1,786,783,000 after purchasing an additional 491,835 shares during the last quarter. Institutional investors own 87.20% of the company’s stock.
About ServiceNow
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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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