ServiceNow, Inc. (NYSE:NOW) CFO Sells $287,620.00 in Stock

ServiceNow, Inc. (NYSE:NOW - Get Free Report) CFO Gina Mastantuono sold 292 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $985.00, for a total transaction of $287,620.00. Following the transaction, the chief financial officer now directly owns 11,198 shares of the company's stock, valued at $11,030,030. The trade was a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Gina Mastantuono also recently made the following trade(s):

• On Friday, February 21st, Gina Mastantuono sold 4,442 shares of ServiceNow stock. The stock was sold at an average price of $964.70, for a total value of $4,285,197.40.

ServiceNow Stock Performance

ServiceNow stock traded up $6.64 during trading hours on Friday, hitting $981.13. The stock had a trading volume of 919,297 shares, compared to its average volume of 1,516,226. The company has a 50-day moving average of $844.85 and a two-hundred day moving average of $970.48. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,198.09. The company has a market cap of $203.09 billion, a PE ratio of 143.65, a price-to-earnings-growth ratio of 4.51 and a beta of 0.97.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 EPS for the quarter, topping analysts' consensus estimates of $3.78 by $0.26. ServiceNow had a net margin of 12.97% and a return on equity of 17.11%. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the firm earned $3.41 EPS. The company's revenue was up 18.6% on a year-over-year basis. On average, equities research analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

ServiceNow announced that its board has authorized a share repurchase plan on Wednesday, January 29th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

NOW has been the subject of a number of recent research reports. UBS Group restated a "buy" rating and set a $1,025.00 target price (up previously from $900.00) on shares of ServiceNow in a research report on Thursday, April 24th. JMP Securities reiterated a "market outperform" rating and set a $1,300.00 target price on shares of ServiceNow in a research report on Tuesday, May 6th. Cantor Fitzgerald restated an "overweight" rating and issued a $1,048.00 price target on shares of ServiceNow in a research note on Thursday, April 24th. Erste Group Bank upgraded ServiceNow from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Finally, Canaccord Genuity Group lowered their target price on ServiceNow from $1,275.00 to $900.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, ServiceNow has an average rating of "Moderate Buy" and an average price target of $1,055.83.

Institutional Trading of ServiceNow

Several hedge funds have recently added to or reduced their stakes in NOW. Vanguard Group Inc. raised its holdings in shares of ServiceNow by 1.6% during the first quarter. Vanguard Group Inc. now owns 19,496,992 shares of the information technology services provider's stock valued at $15,522,335,000 after purchasing an additional 297,734 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in ServiceNow by 6.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,955,924 shares of the information technology services provider's stock worth $8,434,235,000 after purchasing an additional 509,467 shares during the period. FMR LLC raised its position in ServiceNow by 4.9% in the 4th quarter. FMR LLC now owns 5,878,900 shares of the information technology services provider's stock worth $6,232,339,000 after buying an additional 272,506 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of ServiceNow by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,312,571 shares of the information technology services provider's stock worth $4,560,890,000 after purchasing an additional 100,670 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of ServiceNow by 87,501.3% during the first quarter. GAMMA Investing LLC now owns 2,689,361 shares of the information technology services provider's stock valued at $2,141,108,000 after buying an additional 2,686,291 shares during the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

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.