ServiceNow, Inc. (NYSE:NOW) Director Sells $110,970.00 in Stock

ServiceNow, Inc. (NYSE:NOW) Director Paul Edward Chamberlain sold 135 shares of ServiceNow stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $822.00, for a total value of $110,970.00. Following the completion of the sale, the director now directly owns 10,767 shares of the company’s stock, valued at approximately $8,850,474. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ServiceNow Stock Performance

NOW stock traded down $4.97 on Friday, reaching $827.14. The company’s stock had a trading volume of 835,170 shares, compared to its average volume of 1,322,462. ServiceNow, Inc. has a 52 week low of $527.24 and a 52 week high of $850.33. The company has a market capitalization of $169.56 billion, a P/E ratio of 88.61, a price-to-earnings-growth ratio of 4.82 and a beta of 0.99. The firm has a fifty day moving average of $767.89 and a two-hundred day moving average of $757.14. 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 (NYSE:NOW) last issued its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.28. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.61 billion. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. As a group, analysts predict that ServiceNow, Inc. will post 6.84 EPS for the current fiscal year.

Hedge Funds Weigh In On ServiceNow

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in ServiceNow by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 18,450,570 shares of the information technology services provider’s stock valued at $14,066,715,000 after purchasing an additional 331,797 shares in the last quarter. Jennison Associates LLC lifted its position in shares of ServiceNow by 2.2% during the 4th quarter. Jennison Associates LLC now owns 2,521,190 shares of the information technology services provider’s stock valued at $1,781,195,000 after acquiring an additional 53,719 shares during the last quarter. Norges Bank acquired a new stake in shares of ServiceNow during the 4th quarter valued at $1,648,259,000. Massachusetts Financial Services Co. MA lifted its position in shares of ServiceNow by 3.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,281,748 shares of the information technology services provider’s stock valued at $1,612,032,000 after acquiring an additional 81,028 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of ServiceNow by 18.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,754,027 shares of the information technology services provider’s stock valued at $1,239,198,000 after acquiring an additional 271,153 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on NOW. Guggenheim reaffirmed a “sell” rating and issued a $640.00 price objective on shares of ServiceNow in a research report on Monday, July 8th. TD Cowen boosted their price target on ServiceNow from $870.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. KeyCorp lowered their price target on ServiceNow from $950.00 to $920.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Citigroup boosted their price target on ServiceNow from $909.00 to $911.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $835.00 price target on shares of ServiceNow in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and a consensus price target of $849.62.

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.