Insider Selling: ServiceNow, Inc. (NYSE:NOW) Director Sells 239 Shares of Stock

ServiceNow, Inc. (NYSE:NOW - Get Free Report) Director Anita M. Sands sold 239 shares of ServiceNow stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $1,050.00, for a total value of $250,950.00. Following the completion of the transaction, the director directly owned 10,404 shares in the company, valued at $10,924,200. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ServiceNow Stock Down 3.5%

Shares of NOW stock traded down $35.41 during mid-day trading on Thursday, hitting $978.30. The company's stock had a trading volume of 1,308,960 shares, compared to its average volume of 1,478,018. ServiceNow, Inc. has a 52-week low of $678.66 and a 52-week high of $1,198.09. The business has a 50-day moving average price of $1,008.69 and a 200 day moving average price of $962.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $202.49 billion, a price-to-earnings ratio of 133.00, a PEG ratio of 4.70 and a beta of 0.94.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.26. ServiceNow had a return on equity of 17.34% and a net margin of 13.41%. The firm had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the previous year, the business earned $3.41 earnings per share. The company's revenue was up 18.6% on a year-over-year basis. Research analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on NOW. JPMorgan Chase & Co. decreased their price target on ServiceNow from $1,200.00 to $970.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Erste Group Bank raised ServiceNow from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. Barclays set a $1,085.00 price objective on ServiceNow in a research report on Wednesday, May 7th. Robert W. Baird lifted their price objective on ServiceNow from $1,010.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $1,003.00 price objective on shares of ServiceNow in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,068.23.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Bogart Wealth LLC increased its position in ServiceNow by 113.3% in the first quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider's stock worth $25,000 after buying an additional 17 shares in the last quarter. Graybill Wealth Management LTD. bought a new position in shares of ServiceNow in the first quarter worth about $26,000. Quarry LP bought a new position in shares of ServiceNow in the fourth quarter worth about $27,000. Atala Financial Inc bought a new position in shares of ServiceNow in the fourth quarter worth about $28,000. Finally, WASHINGTON TRUST Co boosted its stake in shares of ServiceNow by 620.0% in the first quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 31 shares during the period. Institutional investors 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.