ServiceNow (NYSE:NOW) Trading Up 0.4%

ServiceNow, Inc. (NYSE:NOWGet Free Report)’s share price was up 0.4% during trading on Friday . The company traded as high as $768.76 and last traded at $762.40. Approximately 1,083,701 shares were traded during trading, a decline of 11% from the average daily volume of 1,222,491 shares. The stock had previously closed at $759.00.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NOW shares. Barclays raised their price objective on ServiceNow from $765.00 to $870.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 23rd. JMP Securities raised their target price on ServiceNow from $665.00 to $825.00 and gave the company a “market outperform” rating in a report on Monday, January 22nd. Piper Sandler raised their target price on ServiceNow from $750.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Citigroup raised their target price on ServiceNow from $862.00 to $896.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Truist Financial raised their target price on ServiceNow from $700.00 to $750.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Two research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus target price of $762.96.

Get Our Latest Research Report on ServiceNow

ServiceNow Price Performance

The stock has a market capitalization of $156.29 billion, a price-to-earnings ratio of 90.65, a P/E/G ratio of 4.86 and a beta of 0.97. The company has a fifty day simple moving average of $770.19 and a 200 day simple moving average of $681.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.06.

ServiceNow (NYSE:NOWGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.34. ServiceNow had a return on equity of 11.85% and a net margin of 19.30%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company posted $0.88 EPS. The business’s quarterly revenue was up 25.6% on a year-over-year basis. Equities research analysts forecast that ServiceNow, Inc. will post 6.11 EPS for the current fiscal year.

Insider Transactions at ServiceNow

In other news, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total value of $905,201.60. Following the completion of the transaction, the insider now directly owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Paul John Smith sold 1,180 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total value of $905,201.60. Following the completion of the sale, the insider now directly owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William R. Mcdermott sold 5,030 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total value of $3,787,992.40. Following the completion of the sale, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,164 shares of company stock valued at $9,940,303. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of ServiceNow

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PFG Private Wealth Management LLC acquired a new position in ServiceNow during the 3rd quarter valued at about $28,000. University of Texas Texas AM Investment Managment Co. acquired a new position in ServiceNow during the 4th quarter valued at about $29,000. First Capital Advisors Group LLC. acquired a new position in ServiceNow during the 2nd quarter valued at about $29,000. High Net Worth Advisory Group LLC acquired a new position in ServiceNow during the 1st quarter valued at about $29,000. Finally, AdvisorNet Financial Inc boosted its stake in ServiceNow by 266.7% during the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

About ServiceNow

(Get Free Report)

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.

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