ServiceNow, Inc. (NYSE:NOW) Vice Chairman Sells $1,194,420.00 in Stock

ServiceNow, Inc. (NYSE:NOW - Get Free Report) Vice Chairman Nicholas Tzitzon sold 1,171 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1,020.00, for a total value of $1,194,420.00. Following the completion of the sale, the insider now owns 3,000 shares in the company, valued at approximately $3,060,000. This represents a 28.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

ServiceNow Stock Performance

Shares of ServiceNow stock traded up $5.07 on Thursday, hitting $1,017.81. 902,286 shares of the company's stock were exchanged, compared to its average volume of 1,485,137. The stock has a market capitalization of $210.67 billion, a PE ratio of 149.02, a PEG ratio of 4.51 and a beta of 0.97. 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 company has a 50-day simple moving average of $910.63 and a 200-day simple moving average of $974.82. ServiceNow, Inc. has a 1 year low of $678.66 and a 1 year high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm posted $3.41 EPS. ServiceNow's revenue for the quarter was up 18.6% compared to the same quarter last year. As a group, equities analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Evercore ISI lifted their target price on ServiceNow from $925.00 to $1,000.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Jefferies Financial Group dropped their price objective on ServiceNow from $1,250.00 to $1,025.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company upped their price objective 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. Citigroup increased their target price on ServiceNow from $1,128.00 to $1,160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, UBS Group restated a "buy" rating and set a $1,025.00 price target (up from $900.00) on shares of ServiceNow in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ServiceNow currently has an average rating of "Moderate Buy" and an average price target of $1,062.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC lifted its position in ServiceNow by 1.1% during the 4th quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider's stock worth $2,919,000 after acquiring an additional 30 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of ServiceNow in the 4th quarter valued at about $48,802,000. Heck Capital Advisors LLC purchased a new stake in ServiceNow during the 4th quarter worth approximately $37,000. Chicago Partners Investment Group LLC increased its stake in ServiceNow by 3.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 749 shares of the information technology services provider's stock worth $786,000 after buying an additional 23 shares in the last quarter. Finally, Tritonpoint Wealth LLC boosted its holdings in shares of ServiceNow by 17.0% during the 4th quarter. Tritonpoint Wealth LLC now owns 777 shares of the information technology services provider's stock worth $823,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 87.18% of the company's stock.

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.