ServiceNow, Inc. (NYSE:NOW) Insider Jacqueline P. Canney Sells 145 Shares

ServiceNow, Inc. (NYSE:NOW - Get Free Report) insider Jacqueline P. Canney sold 145 shares of ServiceNow stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1,020.00, for a total value of $147,900.00. Following the sale, the insider now owns 3,027 shares in the company, valued at $3,087,540. This trade represents a 4.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

ServiceNow Stock Up 0.5%

Shares of NYSE:NOW traded up $5.07 during trading 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 debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50 day moving average price of $910.63 and a two-hundred day moving average price of $974.82. The company has a market capitalization of $210.67 billion, a PE ratio of 149.02, a P/E/G ratio of 4.51 and a beta of 0.97. ServiceNow, Inc. has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the previous year, the business earned $3.41 earnings per share. The firm's revenue for the quarter was up 18.6% on a year-over-year basis. As a group, research analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Institutional Investors Weigh In On ServiceNow

A number of institutional investors and hedge funds have recently made changes to their positions in NOW. Quarry LP purchased a new position in ServiceNow during the fourth quarter worth about $27,000. Atala Financial Inc purchased a new position in ServiceNow in the fourth quarter valued at about $28,000. LFA Lugano Financial Advisors SA purchased a new position in ServiceNow in the fourth quarter valued at about $32,000. Noble Wealth Management PBC purchased a new position in ServiceNow in the fourth quarter valued at about $34,000. Finally, Bogart Wealth LLC increased its holdings in ServiceNow by 113.3% in the first quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider's stock valued at $25,000 after buying an additional 17 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Citigroup upped their price objective on ServiceNow from $1,128.00 to $1,160.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. BMO Capital Markets upped their price target on shares of ServiceNow from $1,025.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $1,003.00 price target on shares of ServiceNow in a research report on Thursday, April 24th. Wells Fargo & Company lifted their price target on ServiceNow from $1,100.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Robert W. Baird boosted their target price on ServiceNow from $1,010.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,062.50.

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.