ServiceNow, Inc. (NYSE:NOW) Insider Jacqueline P. Canney Sells 94 Shares

ServiceNow, Inc. (NYSE:NOW) insider Jacqueline P. Canney sold 94 shares of ServiceNow stock in a transaction on Monday, August 19th. The stock was sold at an average price of $825.92, for a total transaction of $77,636.48. Following the sale, the insider now directly owns 4,019 shares in the company, valued at approximately $3,319,372.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

ServiceNow Stock Up 0.7 %

Shares of NYSE NOW traded up $5.66 during midday trading on Tuesday, hitting $838.54. The company’s stock had a trading volume of 784,662 shares, compared to its average volume of 1,314,847. ServiceNow, Inc. has a 1 year low of $527.24 and a 1 year high of $850.33. The business’s fifty day simple moving average is $772.92 and its two-hundred day simple moving average is $757.59. The firm has a market capitalization of $171.90 billion, a price-to-earnings ratio of 89.60, a price-to-earnings-growth 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 (NYSE:NOW) last issued its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the company posted $0.77 EPS. The firm’s revenue was up 22.2% compared to the same quarter last year. On average, equities analysts predict that ServiceNow, Inc. will post 6.84 EPS for the current year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NOW shares. Robert W. Baird boosted their price target on shares of ServiceNow from $885.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Wolfe Research restated an “outperform” rating and set a $830.00 target price on shares of ServiceNow in a report on Friday, May 10th. TD Cowen increased their price target on ServiceNow from $870.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Piper Sandler boosted their price objective on ServiceNow from $830.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $900.00 target price on shares of ServiceNow in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and an average 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.