ServiceNow (NYSE:NOW) Stock Price Up 0.8%

ServiceNow, Inc. (NYSE:NOW) rose 0.8% on Thursday . The stock traded as high as $695.36 and last traded at $690.95. Approximately 178,515 shares were traded during trading, a decline of 85% from the average daily volume of 1,209,549 shares. The stock had previously closed at $685.61.

Analyst Upgrades and Downgrades

NOW has been the subject of several research reports. Jefferies Financial Group increased their price objective on ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Robert W. Baird raised their price target on ServiceNow from $780.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. JMP Securities reaffirmed a “market outperform” rating and issued a $825.00 price target on shares of ServiceNow in a report on Tuesday, April 23rd. Citigroup raised their price target on ServiceNow from $896.00 to $906.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Piper Sandler raised their price target on ServiceNow from $750.00 to $830.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $807.28.

ServiceNow Stock Performance

The stock has a market cap of $147.19 billion, a PE ratio of 76.65, a P/E/G ratio of 4.37 and a beta of 0.98. The company has a fifty day moving average price of $754.44 and a 200 day moving average price of $711.86. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.18.

Insider Transactions at ServiceNow

In other news, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total value of $905,201.60. Following the transaction, the insider now owns 1,392 shares in the company, valued at $1,067,831.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Paul John Smith sold 1,180 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total value of $905,201.60. Following the sale, the insider now directly owns 1,392 shares of the company’s stock, valued at $1,067,831.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total value of $3,787,992.40. Following the completion of the sale, the chief executive officer now directly owns 17,177 shares in the company, valued at $12,935,655.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,369 shares of company stock worth $8,538,300. Company insiders own 0.25% of the company’s stock.

Institutional Trading of ServiceNow

Several large investors have recently bought and sold shares of NOW. Riggs Asset Managment Co. Inc. boosted its position in shares of ServiceNow by 1.0% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 2,822 shares of the information technology services provider’s stock worth $2,151,000 after purchasing an additional 27 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in ServiceNow during the 1st quarter valued at $370,000. Csenge Advisory Group raised its stake in ServiceNow by 2.5% during the 1st quarter. Csenge Advisory Group now owns 794 shares of the information technology services provider’s stock valued at $605,000 after buying an additional 19 shares during the last quarter. Eos Management L.P. purchased a new stake in ServiceNow during the 1st quarter valued at $488,000. Finally, Signaturefd LLC raised its stake in ServiceNow by 6.9% during the 1st quarter. Signaturefd LLC now owns 3,610 shares of the information technology services provider’s stock valued at $2,752,000 after buying an additional 233 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

About ServiceNow

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.