Paul John Smith Sells 125 Shares of ServiceNow, Inc. (NYSE:NOW) Stock

ServiceNow, Inc. (NYSE:NOW - Get Free Report) insider Paul John Smith sold 125 shares of the business's stock in a transaction on Monday, May 13th. The stock was 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 approximately $2,263,606.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Paul John Smith also recently made the following trade(s):

• On Wednesday, May 8th, Paul John Smith sold 190 shares of ServiceNow stock. The stock was sold at an average price of $718.78, for a total value of $136,568.20.
• On Tuesday, February 20th, Paul John Smith sold 5,159 shares of ServiceNow stock. The stock was sold at an average price of $745.32, for a total value of $3,845,105.88.

ServiceNow Stock Down 1.2 %

NYSE:NOW traded down $8.50 on Tuesday, hitting $721.62. 1,094,742 shares of the company's stock were exchanged, compared to its average volume of 1,215,142. The firm has a 50-day moving average price of $747.71 and a 200-day moving average price of $722.66. ServiceNow, Inc. has a 52 week low of $452.23 and a 52 week high of $815.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $147.93 billion, a P/E ratio of 77.30, a price-to-earnings-growth ratio of 4.58 and a beta of 0.98.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in ServiceNow during the fourth quarter worth $1,648,259,000. International Assets Investment Management LLC increased its holdings in ServiceNow by 69,354.6% during the fourth quarter. International Assets Investment Management LLC now owns 821,648 shares of the information technology services provider's stock worth $580,486,000 after buying an additional 820,465 shares during the last quarter. FMR LLC increased its holdings in ServiceNow by 17.3% during the third quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider's stock worth $2,256,407,000 after buying an additional 595,697 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of ServiceNow in the first quarter valued at approximately $403,034,000. Finally, Jennison Associates LLC lifted its position in shares of ServiceNow by 23.0% in the third quarter. Jennison Associates LLC now owns 2,467,471 shares of the information technology services provider's stock valued at $1,379,217,000 after buying an additional 461,614 shares during the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NOW has been the subject of a number of recent research reports. Truist Financial boosted their target price on ServiceNow from $700.00 to $750.00 and gave the stock a "hold" rating in a research report on Thursday, January 25th. Robert W. Baird boosted their target price on ServiceNow from $870.00 to $885.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 7th. Stifel Nicolaus restated a "buy" rating and set a $820.00 target price on shares of ServiceNow in a research report on Wednesday, March 20th. Citigroup boosted their target price on ServiceNow from $896.00 to $906.00 and gave the stock a "buy" rating in a research report on Thursday, April 18th. Finally, Mizuho upped their price objective on ServiceNow from $750.00 to $820.00 and gave the company a "buy" rating in a report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. Based on data from MarketBeat, ServiceNow presently has a consensus rating of "Moderate Buy" and a consensus target price of $808.73.

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.

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