ServiceNow, Inc. (NYSE:NOW) Insider Jacqueline P. Canney Sells 66 Shares

ServiceNow, Inc. (NYSE:NOW) insider Jacqueline P. Canney sold 66 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $1,048.29, for a total transaction of $69,187.14. Following the completion of the sale, the insider now owns 3,027 shares of the company’s stock, valued at approximately $3,173,173.83. The trade was a 2.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

ServiceNow Price Performance

NOW traded down $35.88 on Friday, hitting $1,003.92. 450,548 shares of the company were exchanged, compared to its average volume of 1,276,412. The firm has a market capitalization of $206.81 billion, a P/E ratio of 159.03, a price-to-earnings-growth ratio of 6.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13. The business’s fifty day moving average is $928.75 and its 200 day moving average is $821.23. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,061.66.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.26. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the company posted $1.21 EPS. The business’s revenue was up 22.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that ServiceNow, Inc. will post 7.07 EPS for the current year.

Analysts Set New Price Targets

NOW has been the topic of a number of analyst reports. Needham & Company LLC upped their target price on shares of ServiceNow from $900.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group boosted their price target on ServiceNow from $900.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. JMP Securities boosted their target price on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock a “market outperform” rating in a report on Thursday, October 17th. KeyCorp upped their target price on ServiceNow from $1,020.00 to $1,040.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of ServiceNow from $875.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and a consensus target price of $974.04.

Institutional Investors Weigh In On ServiceNow

Institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC grew its stake in shares of ServiceNow by 4.1% during the 1st quarter. Quent Capital LLC now owns 770 shares of the information technology services provider’s stock worth $587,000 after acquiring an additional 30 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in ServiceNow by 20.8% in the first quarter. Avantax Advisory Services Inc. now owns 4,210 shares of the information technology services provider’s stock worth $3,209,000 after acquiring an additional 724 shares in the last quarter. Kingsview Wealth Management LLC raised its position in ServiceNow by 7.4% in the 1st quarter. Kingsview Wealth Management LLC now owns 2,568 shares of the information technology services provider’s stock valued at $1,958,000 after buying an additional 178 shares during the last quarter. Leo Wealth LLC raised its position in ServiceNow by 11.4% in the first quarter. Leo Wealth LLC now owns 731 shares of the information technology services provider’s stock worth $561,000 after acquiring an additional 75 shares during the period. Finally, RFP Financial Group LLC lifted its position in shares of ServiceNow by 264.3% during the first quarter. RFP Financial Group LLC now owns 51 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 37 shares in the last quarter. 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.