ServiceNow, Inc. (NYSE:NOW) CFO Gina Mastantuono Sells 1,800 Shares

ServiceNow, Inc. (NYSE:NOW) CFO Gina Mastantuono sold 1,800 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the completion of the sale, the chief financial officer now owns 11,490 shares in the company, valued at approximately $9,479,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Gina Mastantuono also recently made the following trade(s):

• On Tuesday, May 28th, Gina Mastantuono sold 1,800 shares of ServiceNow stock. The stock was sold at an average price of $738.88, for a total transaction of $1,329,984.00.

ServiceNow Price Performance

Shares of ServiceNow stock traded down $20.81 during trading on Monday, reaching $806.80. The company’s stock had a trading volume of 1,381,146 shares, compared to its average volume of 1,332,816. The stock has a 50-day moving average price of $744.03 and a two-hundred day moving average price of $751.55. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $166.20 billion, a P/E ratio of 86.45, a price-to-earnings-growth ratio of 5.17 and a beta of 0.99. ServiceNow, Inc. has a one year low of $527.24 and a one year high of $850.33.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.28. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.61 billion. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The company’s revenue was up 22.2% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. As a group, sell-side analysts anticipate that ServiceNow, Inc. will post 6.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Royal Bank of Canada raised their target price on ServiceNow from $850.00 to $880.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company raised their target price on ServiceNow from $920.00 to $935.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley raised their target price on ServiceNow from $814.00 to $830.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. UBS Group reduced their target price on ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised their target price on ServiceNow from $780.00 to $820.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and an average price target of $842.22.

Institutional Trading of ServiceNow

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NOW. Creekmur Asset Management LLC acquired a new stake in ServiceNow in the first quarter worth about $25,000. Versant Capital Management Inc grew its position in shares of ServiceNow by 466.7% during the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock worth $27,000 after buying an additional 28 shares during the period. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of ServiceNow during the 4th quarter worth about $29,000. EntryPoint Capital LLC grew its position in shares of ServiceNow by 3,900.0% during the 1st quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock worth $30,000 after buying an additional 39 shares during the period. Finally, AdvisorNet Financial Inc grew its position in shares of ServiceNow by 266.7% during the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after buying an additional 32 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

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.