ServiceNow, Inc. (NYSE:NOW) Insider Sells $652,848.00 in Stock

ServiceNow, Inc. (NYSE:NOW) insider Jacqueline P. Canney sold 804 shares of ServiceNow stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $812.00, for a total value of $652,848.00. Following the completion of the transaction, the insider now directly owns 3,027 shares of the company’s stock, valued at $2,457,924. The sale was disclosed in a legal filing with the SEC, which is available through this link.

ServiceNow Trading Up 0.0 %

NYSE NOW traded up $0.22 on Wednesday, reaching $819.02. The company had a trading volume of 681,006 shares, compared to its average volume of 1,326,590. The firm has a market cap of $167.90 billion, a price-to-earnings ratio of 87.57, a P/E/G ratio of 4.82 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. ServiceNow, Inc. has a fifty-two week low of $527.24 and a fifty-two week high of $850.33. The business has a 50 day moving average of $763.01 and a two-hundred day moving average of $756.17.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.28. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period in the prior year, the firm posted $0.77 EPS. The company’s quarterly revenue was up 22.2% on a year-over-year basis. Analysts forecast that ServiceNow, Inc. will post 6.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wolfe Research reaffirmed an “outperform” rating and issued a $830.00 price target on shares of ServiceNow in a research note on Friday, May 10th. Stifel Nicolaus boosted their target price on shares of ServiceNow from $820.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their price target on shares of ServiceNow from $780.00 to $820.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Morgan Stanley boosted their price objective on shares of ServiceNow from $814.00 to $830.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, BMO Capital Markets raised their target price on ServiceNow from $830.00 to $860.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and an average target price of $842.22.

Institutional Trading of ServiceNow

A number of large investors have recently bought and sold shares of the business. Argonautica Private Wealth Management Inc. grew its holdings in ServiceNow by 1.0% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,376 shares of the information technology services provider’s stock worth $972,000 after purchasing an additional 13 shares during the period. Morling Financial Advisors LLC increased its position in ServiceNow by 2.5% in the 2nd quarter. Morling Financial Advisors LLC now owns 527 shares of the information technology services provider’s stock valued at $415,000 after buying an additional 13 shares in the last quarter. Oliver Lagore Vanvalin Investment Group increased its position in ServiceNow by 30.4% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 14 shares in the last quarter. Optas LLC boosted its holdings in ServiceNow by 1.7% in the first quarter. Optas LLC now owns 815 shares of the information technology services provider’s stock worth $621,000 after acquiring an additional 14 shares in the last quarter. Finally, Cedar Wealth Management LLC grew its stake in ServiceNow by 5.5% in the first quarter. Cedar Wealth Management LLC now owns 268 shares of the information technology services provider’s stock valued at $204,000 after acquiring an additional 14 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow Company Profile

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.