ServiceNow, Inc. (NYSE:NOW) Insider Sells $95,554.76 in Stock

ServiceNow, Inc. (NYSE:NOW) insider Jacqueline P. Canney sold 94 shares of ServiceNow stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $1,016.54, for a total value of $95,554.76. Following the sale, the insider now owns 3,027 shares of the company’s stock, valued at approximately $3,077,066.58. This trade represents a 3.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

ServiceNow Trading Up 2.5 %

NYSE:NOW opened at $1,048.34 on Friday. ServiceNow, Inc. has a 52 week low of $637.99 and a 52 week high of $1,061.66. The company’s 50 day moving average price is $944.90 and its 200-day moving average price is $832.32. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The stock has a market cap of $215.96 billion, a price-to-earnings ratio of 163.04, a PEG ratio of 5.87 and a beta of 0.98.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.26. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 earnings per share. On average, equities research analysts forecast that ServiceNow, Inc. will post 7.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on NOW shares. Piper Sandler increased their price target on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. KeyCorp raised their price target on ServiceNow from $1,020.00 to $1,040.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. StockNews.com upgraded ServiceNow from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Barclays raised their price objective on ServiceNow from $980.00 to $1,000.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Citigroup increased their price target on shares of ServiceNow from $1,068.00 to $1,071.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $986.39.

Institutional Investors Weigh In On ServiceNow

Large investors have recently made changes to their positions in the company. Creekmur Asset Management LLC bought a new position in ServiceNow in the 1st quarter worth $25,000. Versant Capital Management Inc increased its stake in shares of ServiceNow by 466.7% in the second quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 28 shares in the last quarter. EntryPoint Capital LLC lifted its stake 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 buying an additional 39 shares in the last quarter. Truvestments Capital LLC bought a new stake in ServiceNow during the third quarter valued at about $30,000. Finally, Ridgewood Investments LLC bought a new position in shares of ServiceNow in the second quarter worth about $32,000. 87.18% of the stock is currently owned by institutional investors.

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.