ServiceNow (NYSE:NOW) Trading 1.2% Higher

ServiceNow, Inc. (NYSE:NOWGet Free Report) traded up 1.2% during trading on Thursday . The stock traded as high as $712.31 and last traded at $712.31. 340,718 shares traded hands during trading, a decline of 74% from the average session volume of 1,288,059 shares. The stock had previously closed at $704.11.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wolfe Research reiterated an “outperform” rating and set a $830.00 target price on shares of ServiceNow in a research note on Friday, May 10th. StockNews.com cut ServiceNow from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Jefferies Financial Group lifted their price objective on ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. William Blair reaffirmed an “outperform” rating on shares of ServiceNow in a report on Tuesday, May 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $820.00 price objective on shares of ServiceNow in a report on Wednesday, March 20th. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, ServiceNow presently has a consensus rating of “Moderate Buy” and a consensus target price of $814.48.

View Our Latest Research Report on ServiceNow

ServiceNow Price Performance

The firm has a market cap of $143.26 billion, a P/E ratio of 74.74, a price-to-earnings-growth ratio of 4.41 and a beta of 0.96. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $732.59 and a two-hundred day moving average of $735.09.

ServiceNow (NYSE:NOWGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.41. ServiceNow had a return on equity of 13.59% and a net margin of 20.34%. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.59 billion. On average, sell-side analysts anticipate that ServiceNow, Inc. will post 6.5 earnings per share for the current fiscal year.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 125 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $727.38, for a total value of $90,922.50. Following the sale, the insider now owns 3,112 shares in the company, valued at approximately $2,263,606.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Christopher Bedi sold 215 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total value of $150,500.00. Following the transaction, the insider now directly owns 15,892 shares of the company’s stock, valued at approximately $11,124,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul John Smith sold 125 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $727.38, for a total value of $90,922.50. Following the completion of the transaction, the insider now directly owns 3,112 shares in the company, valued at $2,263,606.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,530 shares of company stock worth $3,997,012. Insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Westwood Holdings Group Inc. acquired a new position in shares of ServiceNow in the 1st quarter valued at about $271,000. DekaBank Deutsche Girozentrale raised its stake in ServiceNow by 24.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 410,013 shares of the information technology services provider’s stock worth $309,850,000 after buying an additional 79,475 shares during the period. Motiv8 Investments LLC raised its stake in ServiceNow by 20.9% during the 1st quarter. Motiv8 Investments LLC now owns 823 shares of the information technology services provider’s stock worth $627,000 after buying an additional 142 shares during the period. Pathway Financial Advisers LLC acquired a new position in ServiceNow during the 1st quarter worth approximately $456,000. Finally, Soltis Investment Advisors LLC raised its stake in ServiceNow by 8.8% during the 1st quarter. Soltis Investment Advisors LLC now owns 6,715 shares of the information technology services provider’s stock worth $5,120,000 after buying an additional 545 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

ServiceNow Company Profile

(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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