ServiceNow (NYSE:NOW) Shares Down 1.2%

ServiceNow, Inc. (NYSE:NOWGet Free Report)’s share price traded down 1.2% during trading on Wednesday . The company traded as low as $765.56 and last traded at $772.53. 196,791 shares traded hands during trading, a decline of 83% from the average session volume of 1,183,917 shares. The stock had previously closed at $782.22.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JMP Securities upped their price objective on shares of ServiceNow from $665.00 to $825.00 and gave the stock a “market outperform” rating in a research report on Monday, January 22nd. BMO Capital Markets increased their price target on shares of ServiceNow from $630.00 to $850.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Robert W. Baird increased their price target on shares of ServiceNow from $780.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Citigroup increased their price target on shares of ServiceNow from $862.00 to $896.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Jefferies Financial Group increased their price target on shares of ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, ServiceNow presently has an average rating of “Moderate Buy” and a consensus target price of $772.22.

Read Our Latest Stock Analysis on NOW

ServiceNow Price Performance

The firm has a market cap of $158.32 billion, a price-to-earnings ratio of 91.66, a P/E/G ratio of 4.86 and a beta of 0.97. The business’s 50-day moving average price is $770.52 and its two-hundred day moving average price is $694.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.06 and a quick ratio of 1.06.

ServiceNow (NYSE:NOWGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis. On average, research analysts forecast that ServiceNow, Inc. will post 6.16 EPS for the current fiscal year.

Insider Activity

In related news, insider Paul John Smith sold 1,795 shares of ServiceNow stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total transaction of $1,402,002.70. Following the sale, the insider now directly owns 994 shares in the company, valued at $776,373.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Paul John Smith sold 1,795 shares of ServiceNow stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total transaction of $1,402,002.70. Following the sale, the insider now directly owns 994 shares in the company, valued at $776,373.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the sale, the chief executive officer now 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 sold 13,164 shares of company stock valued at $9,940,303. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ServiceNow

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Argonautica Private Wealth Management Inc. raised its position 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 acquiring an additional 13 shares in the last quarter. Wealth Management Partners LLC raised its position in ServiceNow by 2.7% in the fourth quarter. Wealth Management Partners LLC now owns 531 shares of the information technology services provider’s stock worth $375,000 after acquiring an additional 14 shares in the last quarter. Oliver Lagore Vanvalin Investment Group raised its position in ServiceNow by 30.4% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 14 shares in the last quarter. Trust Co. of Vermont raised its position in ServiceNow by 8.6% in the third quarter. Trust Co. of Vermont now owns 190 shares of the information technology services provider’s stock worth $106,000 after acquiring an additional 15 shares in the last quarter. Finally, Claro Advisors LLC increased its stake in ServiceNow by 3.6% in the 4th quarter. Claro Advisors LLC now owns 428 shares of the information technology services provider’s stock worth $302,000 after purchasing an additional 15 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Company Profile

(Get Free Report)

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.

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