ServiceNow (NYSE:NOW) CFO Sells $1,526,684.90 in Stock

Key Points

• Gina Mastantuono, CFO of ServiceNow, sold 1,762 shares of the company's stock for a total value of $1,526,684.90, representing a 12.59% decrease in her position.
• ServiceNow's stock has declined by 0.5% recently, trading at $887.40, with a market cap of approximately $184.58 billion.
• The company's latest earnings report showed a 22.4% year-on-year revenue increase, with earnings per share at $4.09, surpassing analyst estimates of $3.57.

ServiceNow, Inc. (NYSE:NOW - Get Free Report) CFO Gina Mastantuono sold 1,762 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $866.45, for a total value of $1,526,684.90. Following the completion of the transaction, the chief financial officer owned 12,228 shares of the company's stock, valued at approximately $10,594,950.60. This trade represents a 12.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Gina Mastantuono also recently made the following trade(s):

• On Wednesday, August 13th, Gina Mastantuono sold 84 shares of ServiceNow stock. The stock was sold at an average price of $860.57, for a total value of $72,287.88.
• On Friday, August 8th, Gina Mastantuono sold 292 shares of ServiceNow stock. The stock was sold at an average price of $878.39, for a total value of $256,489.88.

ServiceNow Stock Down 0.5%

NOW traded down $4.6480 during trading on Tuesday, reaching $887.4020. The stock had a trading volume of 2,183,699 shares, compared to its average volume of 1,718,484. The stock's 50 day moving average is $964.30 and its two-hundred day moving average is $932.15. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $184.58 billion, a price-to-earnings ratio of 111.76, a P/E/G ratio of 3.91 and a beta of 0.93. ServiceNow, Inc. has a one year low of $678.66 and a one year high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.52. ServiceNow had a return on equity of 18.04% and a net margin of 13.78%.The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the prior year, the company earned $3.13 earnings per share. The firm's quarterly revenue was up 22.4% compared to the same quarter last year. As a group, analysts expect that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NOW shares. Guggenheim restated a "sell" rating and set a $724.00 price target on shares of ServiceNow in a report on Thursday, July 17th. Bank of America raised their price target on ServiceNow from $1,110.00 to $1,200.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Sanford C. Bernstein restated an "outperform" rating and set a $1,003.00 price target on shares of ServiceNow in a report on Thursday, April 24th. Royal Bank Of Canada raised their price target on ServiceNow from $1,060.00 to $1,100.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, Stifel Nicolaus raised their price target on ServiceNow from $975.00 to $1,050.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,115.20.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NOW. Bogart Wealth LLC increased its position in ServiceNow by 113.3% during the 1st 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. Kilter Group LLC acquired a new position in ServiceNow during the 2nd quarter valued at about $25,000. Graybill Wealth Management LTD. acquired a new position in shares of ServiceNow in the first quarter valued at about $26,000. Quarry LP acquired a new position in shares of ServiceNow in the fourth quarter valued at about $27,000. Finally, WASHINGTON TRUST Co increased its holdings in shares of ServiceNow by 620.0% in the first quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 31 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

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.

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