ServiceNow, Inc. (NYSE:NOW) Director Anita M. Sands Sells 239 Shares

ServiceNow, Inc. (NYSE:NOW - Get Free Report) Director Anita M. Sands sold 239 shares of the company's stock in a transaction dated 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 sale, the director owned 10,404 shares in the company, valued at $10,924,200. The trade was a 2.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

ServiceNow Stock Performance

Shares of NOW stock traded down $14.16 during trading on Friday, hitting $953.93. The company's stock had a trading volume of 397,497 shares, compared to its average volume of 1,476,245. The company has a market cap of $197.45 billion, a PE ratio of 129.54, a P/E/G ratio of 4.66 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $1,008.88 and a 200-day moving average of $961.75. ServiceNow, Inc. has a 52 week low of $678.66 and a 52 week high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 EPS for the quarter, beating 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 business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the business earned $3.41 earnings per share. ServiceNow's revenue for the quarter was up 18.6% on a year-over-year basis. As a group, research analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Wall Street Analyst Weigh In

NOW has been the topic of several research analyst reports. Robert W. Baird upped their price objective on ServiceNow from $1,010.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Erste Group Bank upgraded ServiceNow from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. The Goldman Sachs Group reiterated a "buy" rating on shares of ServiceNow in a research note on Thursday, April 24th. Raymond James Financial lowered their target price on ServiceNow from $1,200.00 to $1,000.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America lowered their target price on ServiceNow from $1,280.00 to $1,025.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,068.23.

Institutional Investors Weigh In On ServiceNow

Several institutional investors have recently made changes to their positions in the stock. Thomasville National Bank lifted its position in shares of ServiceNow by 2.0% during the second quarter. Thomasville National Bank now owns 16,265 shares of the information technology services provider's stock worth $16,722,000 after acquiring an additional 313 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of ServiceNow by 6.2% during the second quarter. SeaCrest Wealth Management LLC now owns 3,156 shares of the information technology services provider's stock worth $3,245,000 after acquiring an additional 184 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of ServiceNow by 41.0% during the second quarter. Assenagon Asset Management S.A. now owns 382,189 shares of the information technology services provider's stock worth $392,921,000 after acquiring an additional 111,216 shares in the last quarter. International Private Wealth Advisors LLC purchased a new stake in shares of ServiceNow during the second quarter worth $450,000. Finally, Luts & Greenleigh Group Inc. purchased a new stake in shares of ServiceNow during the second quarter worth $255,000. Hedge funds and other institutional investors own 87.18% of the company's stock.

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.