ServiceNow, Inc. (NYSE:NOW – Get Rating) insider Lara Caimi sold 977 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $514.96, for a total transaction of $503,115.92. Following the transaction, the insider now owns 43 shares in the company, valued at approximately $22,143.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Lara Caimi also recently made the following trade(s):
- On Tuesday, May 31st, Lara Caimi sold 726 shares of ServiceNow stock. The shares were sold at an average price of $474.48, for a total transaction of $344,472.48.
ServiceNow Stock Performance
Shares of NOW opened at $506.51 on Monday. 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. The company’s 50 day moving average price is $468.07 and its two hundred day moving average price is $503.28. The company has a market cap of $102.32 billion, a P/E ratio of 556.60, a PEG ratio of 10.28 and a beta of 0.94.
ServiceNow (NYSE:NOW – Get Rating) last announced its quarterly earnings data 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 business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. ServiceNow has a net margin of 2.79% and a return on equity of 7.22%. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. In the same quarter last year, the company posted $0.38 earnings per share. On average, analysts predict that ServiceNow, Inc. will post 1.73 EPS for the current fiscal year.
Changes in Analyst Ratings
A number of research analysts have recently issued reports on the stock. Cowen dropped their target price on shares of ServiceNow from $725.00 to $695.00 in a research note on Thursday, April 28th. Cowen reduced their price target on shares of ServiceNow from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Thursday, July 28th. Credit Suisse Group decreased their price objective on shares of ServiceNow from $700.00 to $650.00 and set an “outperform” rating for the company in a report on Thursday, July 28th. Royal Bank of Canada reduced their price objective on shares of ServiceNow from $670.00 to $610.00 in a report on Monday, July 18th. Finally, Sanford C. Bernstein initiated coverage on shares of ServiceNow in a report on Tuesday, July 19th. They set an “outperform” rating and a $646.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and an average price target of $598.84.
Institutional Trading Services Today
A number of institutional investors have recently made changes to their positions in NOW. The Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 306,106 shares during the period. Raised by BlackRock Inc. its holdings in shares of ServiceNow by 0.4% in 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 during the period. State Street Corp raised its holdings in shares of ServiceNow by 3.2% in 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 buying an additional 241,296 shares during the period. Polen Capital Management LLC raised its holdings in shares of ServiceNow by 2.1% in 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 purchasing an additional 67,385 shares during the period. Finally, Capital International Investors lifted its holdings in shares of ServiceNow by 18.1% in 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 buying an additional 491,835 shares during the period. Institutional investors own 87.20% of the company’s stock.
About ServiceNow
(Get Rating)
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.
Read more
Want More Great Investment Ideas?
Receive News and Ratings for ServiceNow Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for ServiceNow and related companies with our FREE daily email newsletter of MarketBeat.com.
.