ServiceNow (NYSE:NOW) Shares Down 2.4%

ServiceNow, Inc. (NYSE:NOW) shares were down 2.4% during mid-day trading on Tuesday . The company traded as low as $704.09 and last traded at $704.09. Approximately 305,104 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 1,199,889 shares. The stock had previously closed at $721.16.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NOW shares. JMP Securities restated a “market outperform” rating and issued a $825.00 target price on shares of ServiceNow in a report on Tuesday, April 23rd. William Blair reissued an “outperform” rating on shares of ServiceNow in a research report on Thursday, April 25th. Mizuho increased their target price on shares of ServiceNow from $750.00 to $820.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $900.00 price target on shares of ServiceNow in a research report on Thursday, April 25th. Finally, Barclays raised their price target on ServiceNow from $765.00 to $870.00 and gave the company an “overweight” rating in a research report on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $807.28.

ServiceNow Stock Down 3.9 %

The stock has a market capitalization of $142.40 billion, a P/E ratio of 75.30, a PEG ratio of 4.83 and a beta of 0.97. The firm’s 50-day simple moving average is $758.35 and its 200 day simple moving average is $711.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.06 and a current ratio of 1.05.

Insider Transactions at ServiceNow

In other news, insider Paul John Smith sold 1,180 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the transaction, the insider now directly owns 1,392 shares in the company, valued at approximately $1,067,831.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the sale, the chief executive officer now owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul John Smith sold 1,180 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60. Following the sale, the insider now directly owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The disclosure for this sale can be found here. Insiders have sold 11,369 shares of company stock worth $8,538,300 in the last ninety days. Insiders own 0.25% of the company’s stock.

Institutional Trading of ServiceNow

A number of institutional investors and hedge funds have recently made changes to their positions in NOW. University of Texas Texas AM Investment Managment Co. bought a new position in ServiceNow in the 4th quarter valued at approximately $29,000. AdvisorNet Financial Inc raised its stake in shares of ServiceNow by 266.7% during the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Sachetta LLC bought a new position in shares of ServiceNow during the fourth quarter valued at $35,000. PFG Private Wealth Management LLC bought a new position in shares of ServiceNow during the third quarter valued at $28,000. Finally, Disciplined Equity Management Inc. bought a new position in shares of ServiceNow in the fourth quarter valued at $35,000. Institutional investors own 87.18% of the company’s stock.

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.