ServiceNow, Inc. (NYSE:NOW) Director Anita M. Sands Sells 248 Shares

ServiceNow, Inc. (NYSE:NOW - Get Free Report) Director Anita M. Sands sold 248 shares of ServiceNow stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,009.14, for a total value of $250,266.72. Following the transaction, the director now owns 10,643 shares of the company's stock, valued at $10,740,277.02. The trade was a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

ServiceNow Stock Performance

NYSE:NOW traded up $5.07 on Thursday, hitting $1,017.81. The company's stock had a trading volume of 902,286 shares, compared to its average volume of 1,485,137. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. ServiceNow, Inc. has a one year low of $678.66 and a one year high of $1,198.09. The stock has a fifty day moving average of $910.63 and a two-hundred day moving average of $974.82. The firm has a market capitalization of $210.67 billion, a P/E ratio of 149.02, a price-to-earnings-growth ratio of 4.51 and a beta of 0.97.

ServiceNow (NYSE:NOW - Get Free Report) last released its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates of $3.78 by $0.26. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the company posted $3.41 EPS. The company's revenue was up 18.6% compared to the same quarter last year. Research analysts predict that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

NOW has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of ServiceNow from a "hold" rating to a "buy" rating in a research note on Sunday. JMP Securities reiterated a "market outperform" rating and set a $1,300.00 price objective on shares of ServiceNow in a research note on Tuesday, May 6th. Bank of America decreased their price target on shares of ServiceNow from $1,280.00 to $1,025.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $1,048.00 target price on shares of ServiceNow in a research note on Thursday, April 24th. Finally, Citigroup increased their price objective on shares of ServiceNow from $1,128.00 to $1,160.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, ServiceNow presently has an average rating of "Moderate Buy" and a consensus price target of $1,062.50.

Hedge Funds Weigh In On ServiceNow

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Avidian Wealth Enterprises LLC increased its stake in shares of ServiceNow by 1.8% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 497 shares of the information technology services provider's stock valued at $527,000 after buying an additional 9 shares during the period. Haverford Trust Co grew its holdings in ServiceNow by 0.9% in the first quarter. Haverford Trust Co now owns 1,176 shares of the information technology services provider's stock worth $936,000 after purchasing an additional 10 shares during the period. Ascent Group LLC increased its stake in ServiceNow by 0.5% in the first quarter. Ascent Group LLC now owns 2,045 shares of the information technology services provider's stock valued at $1,628,000 after purchasing an additional 10 shares in the last quarter. TBH Global Asset Management LLC raised its holdings in shares of ServiceNow by 3.8% during the fourth quarter. TBH Global Asset Management LLC now owns 302 shares of the information technology services provider's stock valued at $320,000 after purchasing an additional 11 shares during the period. Finally, Onefund LLC raised its holdings in shares of ServiceNow by 2.0% during the fourth quarter. Onefund LLC now owns 552 shares of the information technology services provider's stock valued at $585,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds 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.