ServiceNow (NYSE:NOW) Stock Price Down 0.3%

ServiceNow, Inc. (NYSE:NOW - Get Free Report)'s stock price dropped 0.3% on Monday . The company traded as low as $710.62 and last traded at $711.73. Approximately 351,510 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 1,164,786 shares. The stock had previously closed at $713.91.

Analysts Set New Price Targets

A number of brokerages have issued reports on NOW. Guggenheim reissued a "neutral" rating on shares of ServiceNow in a research note on Monday, April 15th. Stifel Nicolaus reissued a "buy" rating and set a $820.00 price target on shares of ServiceNow in a research report on Wednesday, March 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $900.00 price target on shares of ServiceNow in a research report on Tuesday, April 16th. Citigroup boosted their target price on shares of ServiceNow from $896.00 to $906.00 and gave the company a "buy" rating in a research note on Thursday. Finally, JMP Securities increased their price target on ServiceNow from $665.00 to $825.00 and gave the stock a "market outperform" rating in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $780.37.

ServiceNow Trading Up 1.2 %

The firm has a market cap of $148.40 billion, a price-to-earnings ratio of 85.80, a P/E/G ratio of 4.51 and a beta of 0.97. The business has a 50-day moving average of $764.19 and a 200-day moving average of $703.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.06 and a quick ratio of 1.06.

ServiceNow (NYSE:NOW - Get Free Report) last announced its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.77 by $0.34. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The company had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. ServiceNow's quarterly revenue was up 25.6% on a year-over-year basis. Research analysts anticipate that ServiceNow, Inc. will post 6.16 EPS for the current year.

Insiders Place Their Bets

In other news, insider Paul John Smith sold 1,180 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60. Following the completion of the transaction, the insider now owns 1,392 shares in the company, valued at approximately $1,067,831.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other ServiceNow news, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total value of $905,201.60. Following the transaction, the insider now directly owns 1,392 shares of the company's stock, valued at approximately $1,067,831.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total value of $3,787,992.40. Following the sale, the chief executive officer now owns 17,177 shares in the company, valued at $12,935,655.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,164 shares of company stock valued at $9,940,303. Corporate insiders own 0.25% of the company's stock.

Hedge Funds Weigh In On ServiceNow

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in ServiceNow by 2.7% during the 3rd quarter. International Assets Investment Management LLC now owns 1,183 shares of the information technology services provider's stock worth $646,000 after acquiring an additional 31 shares in the last quarter. HB Wealth Management LLC increased its holdings in ServiceNow by 27.5% in the 3rd quarter. HB Wealth Management LLC now owns 2,131 shares of the information technology services provider's stock worth $1,191,000 after acquiring an additional 459 shares in the last quarter. Summit Global Investments acquired a new stake in shares of ServiceNow in the third quarter worth approximately $209,000. RFG Advisory LLC lifted its holdings in ServiceNow by 33.9% in the third quarter. RFG Advisory LLC now owns 2,386 shares of the information technology services provider's stock valued at $1,333,000 after acquiring an additional 604 shares during the last quarter. Finally, Ziegler Capital Management LLC increased its position in shares of ServiceNow by 43.4% during the 3rd quarter. Ziegler Capital Management LLC now owns 30,254 shares of the information technology services provider's stock worth $16,911,000 after purchasing an additional 9,163 shares during the last quarter. 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.