ServiceNow, Inc. (NYSE:NOW) Insider Jacqueline P. Canney Sells 94 Shares

ServiceNow, Inc. (NYSE:NOW) insider Jacqueline P. Canney sold 94 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $1,016.54, for a total transaction of $95,554.76. Following the transaction, the insider now directly owns 3,027 shares in the company, valued at $3,077,066.58. This represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

ServiceNow Stock Up 1.7 %

Shares of NYSE NOW traded up $16.85 during trading on Tuesday, hitting $1,022.19. 1,816,639 shares of the company traded hands, compared to its average volume of 1,285,622. The firm has a market capitalization of $210.57 billion, a price-to-earnings ratio of 156.35, a P/E/G ratio of 5.80 and a beta of 0.98. The business’s fifty day moving average is $935.45 and its 200 day moving average is $827.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,061.66.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.26. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the prior year, the company earned $1.21 earnings per share. The company’s quarterly revenue was up 22.2% on a year-over-year basis. Equities research analysts predict that ServiceNow, Inc. will post 7.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ServiceNow

Several large investors have recently added to or reduced their stakes in the company. Creekmur Asset Management LLC purchased a new position in ServiceNow during the first quarter valued at approximately $25,000. Versant Capital Management Inc lifted its holdings in shares of ServiceNow by 466.7% in the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 28 shares during the last quarter. EntryPoint Capital LLC boosted its position in ServiceNow by 3,900.0% during the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 39 shares during the period. Truvestments Capital LLC bought a new position in ServiceNow during the 3rd quarter worth approximately $30,000. Finally, Ridgewood Investments LLC bought a new position in shares of ServiceNow in the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NOW. Stifel Nicolaus lifted their price objective on ServiceNow from $900.00 to $990.00 and gave the company a “buy” rating in a report on Thursday, October 24th. KeyCorp upped their price objective on shares of ServiceNow from $1,020.00 to $1,040.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Robert W. Baird raised their target price on shares of ServiceNow from $900.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Needham & Company LLC increased their price target on shares of ServiceNow from $900.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Truist Financial boosted their price objective on shares of ServiceNow from $780.00 to $900.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $986.39.

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.