ServiceNow, Inc. (NYSE:NOW) Director Sells $456,922.32 in Stock

ServiceNow, Inc. (NYSE:NOWGet Rating) Director Teresa Briggs sold 932 shares of the stock in a transaction on Friday, April 29th. The stock was sold at an average price of $490.26, for a total transaction of $456,922.32. Following the sale, the director now owns 707 shares of the company’s stock, valued at approximately $346,613.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

ServiceNow stock opened at $484.50 on Tuesday. The stock has a 50-day moving average price of $535.74 and a 200 day moving average price of $590.84. ServiceNow, Inc. has a 52 week low of $448.27 and a 52 week high of $707.60. The stock has a market cap of $97.12 billion, a PE ratio of 440.45, a P/E/G ratio of 9.18 and a beta of 1.04. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.

ServiceNow (NYSE:NOWGet Rating) last announced its earnings results on Wednesday, April 27th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.03. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. ServiceNow had a net margin of 3.56% and a return on equity of 8.97%. ServiceNow’s revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 earnings per share. On average, equities analysts predict that ServiceNow, Inc. will post 1.85 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in NOW. Chilton Capital Management LLC acquired a new stake in ServiceNow in the 4th quarter worth about $25,000. Eagle Bay Advisors LLC lifted its holdings in shares of ServiceNow by 75.0% during the 3rd quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 18 shares during the period. Baystate Wealth Management LLC lifted its holdings in shares of ServiceNow by 60.0% during the 3rd quarter. Baystate Wealth Management LLC now owns 48 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 18 shares during the period. MV Capital Management Inc. boosted its position in shares of ServiceNow by 96.2% in the third quarter. MV Capital Management Inc. now owns 51 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 25 shares during the last quarter. Finally, AHL Investment Management Inc. purchased a new stake in ServiceNow in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 87.20% of the company’s stock.

A number of brokerages recently weighed in on NOW. Citigroup increased their price target on shares of ServiceNow from $623.00 to $656.00 in a research note on Thursday, April 28th. TheStreet cut shares of ServiceNow from a “b-” rating to a “c+” rating in a research note on Tuesday, April 26th. Cowen decreased their price target on shares of ServiceNow from $725.00 to $695.00 in a research note on Thursday, April 28th. Cowen decreased their price target on shares of ServiceNow from $725.00 to $695.00 in a research note on Thursday, April 28th. Finally, Piper Sandler upgraded shares of ServiceNow from a “neutral” rating to an “overweight” rating and set a $650.00 price objective for the company in a research report on Thursday, January 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $667.97.

ServiceNow Company Profile (Get Rating)

ServiceNow, Inc provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.

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