Insider Selling: ServiceNow, Inc. (NYSE:NOW) Insider Sells 1,857 Shares of Stock

ServiceNow, Inc. (NYSE:NOW) insider Nicholas Tzitzon sold 1,857 shares of ServiceNow stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $829.68, for a total value of $1,540,715.76. Following the completion of the transaction, the insider now owns 3,649 shares in the company, valued at approximately $3,027,502.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nicholas Tzitzon also recently made the following trade(s):

• On Thursday, May 30th, Nicholas Tzitzon sold 2,000 shares of ServiceNow stock. The shares were sold at an average price of $690.99, for a total value of $1,381,980.00.

ServiceNow Trading Down 2.2 %

Shares of ServiceNow stock traded down $17.97 on Wednesday, reaching $813.78. 863,882 shares of the company’s stock were exchanged, compared to its average volume of 1,290,812. The company has a market capitalization of $166.82 billion, a P/E ratio of 87.07, a price-to-earnings-growth ratio of 4.82 and a beta of 0.99. ServiceNow, Inc. has a 52 week low of $527.24 and a 52 week high of $850.33. The firm’s 50-day moving average is $784.05 and its two-hundred day moving average is $759.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12.

ServiceNow (NYSE:NOW) last issued its earnings results 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. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the business earned $0.77 EPS. ServiceNow’s quarterly revenue was up 22.2% compared to the same quarter last year. Sell-side analysts predict that ServiceNow, Inc. will post 6.84 EPS for the current fiscal year.

Hedge Funds Weigh In On ServiceNow

Several large investors have recently bought and sold shares of NOW. Creekmur Asset Management LLC bought a new position in ServiceNow during the 1st quarter valued at $25,000. Versant Capital Management Inc increased its position in shares of ServiceNow by 466.7% during the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 28 shares during the last quarter. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of ServiceNow during the 4th quarter valued at $29,000. EntryPoint Capital LLC increased its position in shares of ServiceNow by 3,900.0% during the 1st quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 39 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of ServiceNow during the 2nd quarter valued at $32,000. 87.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on NOW. Stifel Nicolaus lifted their target price on ServiceNow from $820.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Canaccord Genuity Group restated a “buy” rating and set a $835.00 price target on shares of ServiceNow in a report on Tuesday, July 23rd. Robert W. Baird boosted their price target on ServiceNow from $885.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. BMO Capital Markets boosted their price target on ServiceNow from $830.00 to $860.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on ServiceNow from $875.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and a consensus target price 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.