Paul John Smith Sells 190 Shares of ServiceNow, Inc. (NYSE:NOW) Stock

ServiceNow, Inc. (NYSE:NOW) insider Paul John Smith sold 190 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total transaction of $136,568.20. Following the completion of the sale, the insider now owns 3,010 shares of the company’s stock, valued at $2,163,527.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Paul John Smith also recently made the following trade(s):

• On Tuesday, February 20th, Paul John Smith sold 5,159 shares of ServiceNow stock. The stock was sold at an average price of $745.32, for a total value of $3,845,105.88.
• On Tuesday, February 13th, Paul John Smith sold 1,180 shares of ServiceNow stock. The stock was sold at an average price of $767.12, for a total value of $905,201.60.

ServiceNow Stock Performance

Shares of NYSE NOW traded up $8.32 during mid-day trading on Friday, hitting $731.26. The company had a trading volume of 104,376 shares, compared to its average volume of 1,211,807. The stock has a market cap of $150.19 billion, a price-to-earnings ratio of 77.34, a PEG ratio of 4.50 and a beta of 0.98. The firm’s 50 day simple moving average is $750.45 and its two-hundred day simple moving average is $717.57. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.06. ServiceNow, Inc. has a 12 month low of $446.65 and a 12 month high of $815.32.

Wall Street Analysts Forecast Growth

NOW has been the topic of several research reports. Piper Sandler raised their price target on shares of ServiceNow from $750.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. William Blair reiterated an “outperform” rating on shares of ServiceNow in a report on Tuesday. The Goldman Sachs Group increased their target price on ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. JMP Securities reissued a “market outperform” rating and set a $825.00 price target on shares of ServiceNow in a research report on Tuesday. Finally, Mizuho boosted 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. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $807.88.

Institutional Trading of ServiceNow

A number of large investors have recently modified their holdings of NOW. Hoey Investments Inc. grew its position in ServiceNow by 23.0% in the 1st quarter. Hoey Investments Inc. now owns 3,355 shares of the information technology services provider’s stock worth $2,558,000 after purchasing an additional 627 shares during the last quarter. Nicolet Advisory Services LLC grew its holdings in ServiceNow by 26.8% in the 1st quarter. Nicolet Advisory Services LLC now owns 600 shares of the information technology services provider’s stock worth $469,000 after buying an additional 127 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in ServiceNow by 78.8% in the 1st quarter. Jupiter Asset Management Ltd. now owns 98,073 shares of the information technology services provider’s stock valued at $74,771,000 after acquiring an additional 43,236 shares during the period. First Foundation Advisors raised its stake in ServiceNow by 3.3% during the 1st quarter. First Foundation Advisors now owns 4,792 shares of the information technology services provider’s stock valued at $3,653,000 after acquiring an additional 151 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC acquired a new position in ServiceNow during the 1st quarter worth $274,000. 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.