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

ServiceNow, Inc. (NYSE:NOW) Director Paul Edward Chamberlain sold 135 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $822.00, for a total transaction of $110,970.00. Following the completion of the transaction, the director now directly owns 10,767 shares in the company, valued at $8,850,474. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

ServiceNow Stock Down 0.5 %

ServiceNow stock opened at $827.56 on Monday. The company has a fifty day simple moving average of $770.45 and a 200 day simple moving average of $757.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. ServiceNow, Inc. has a 1-year low of $527.24 and a 1-year high of $850.33. The company has a market cap of $169.65 billion, a P/E ratio of 88.51, a price-to-earnings-growth ratio of 4.82 and a beta of 0.99.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the company earned $0.77 EPS. ServiceNow’s revenue for the quarter was up 22.2% compared to the same quarter last year. Research analysts anticipate that ServiceNow, Inc. will post 6.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NOW shares. JMP Securities raised their target price on ServiceNow from $825.00 to $850.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. Robert W. Baird lifted their price objective on shares of ServiceNow from $885.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Citigroup upped their target price on shares of ServiceNow from $909.00 to $911.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Wells Fargo & Company lifted their price target on shares of ServiceNow from $920.00 to $935.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, TD Cowen upped their price objective on shares of ServiceNow from $870.00 to $900.00 and gave the company a “buy” rating in a research 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 assigned a buy rating to the company. According to data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and a consensus target price of $849.62.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NOW. Federated Hermes Inc. grew its stake in shares of ServiceNow by 19.8% in the fourth quarter. Federated Hermes Inc. now owns 300,122 shares of the information technology services provider’s stock valued at $212,033,000 after buying an additional 49,631 shares in the last quarter. M&G Plc bought a new stake in ServiceNow during the first quarter worth $11,030,000. Smithfield Trust Co lifted its stake in ServiceNow by 36.4% in the fourth quarter. Smithfield Trust Co now owns 981 shares of the information technology services provider’s stock valued at $691,000 after acquiring an additional 262 shares during the last quarter. Dohj LLC bought a new position in shares of ServiceNow in the 4th quarter valued at about $913,000. Finally, New Mexico Educational Retirement Board increased its stake in shares of ServiceNow by 9.4% during the 1st quarter. New Mexico Educational Retirement Board now owns 11,650 shares of the information technology services provider’s stock worth $8,882,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

About ServiceNow

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.