ServiceNow, Inc. (NYSE:NOW) Director Frederic B. Luddy sold 48,790 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $124.37, for a total transaction of $6,068,012.30. Following the completion of the sale, the director now owns 400 shares in the company, valued at $49,748. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
ServiceNow, Inc. (NOW) traded up $2.40 on Friday, hitting $125.72. 1,150,500 shares of the stock traded hands, compared to its average volume of 1,590,788. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.66 and a current ratio of 1.66. ServiceNow, Inc. has a fifty-two week low of $72.80 and a fifty-two week high of $129.56.
ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, October 25th. The information technology services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. ServiceNow had a negative net margin of 8.68% and a negative return on equity of 22.11%. The firm had revenue of $498.20 million for the quarter, compared to analyst estimates of $491.62 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s revenue was up 39.3% on a year-over-year basis. analysts expect that ServiceNow, Inc. will post -0.35 earnings per share for the current year.
Large investors have recently modified their holdings of the business. Cornerstone Advisors Inc. grew its holdings in ServiceNow by 29.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,085 shares of the information technology services provider’s stock worth $115,000 after acquiring an additional 245 shares during the last quarter. Barrett Asset Management LLC bought a new stake in ServiceNow during the 2nd quarter worth about $117,000. SeaBridge Investment Advisors LLC bought a new stake in ServiceNow during the 3rd quarter worth about $118,000. Rockefeller Financial Services Inc. acquired a new position in ServiceNow during the 3rd quarter valued at about $138,000. Finally, Commonwealth Bank of Australia lifted its position in ServiceNow by 5.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,518 shares of the information technology services provider’s stock valued at $159,000 after purchasing an additional 83 shares during the period. 98.78% of the stock is currently owned by hedge funds and other institutional investors.
NOW has been the topic of several analyst reports. Mizuho reissued a “buy” rating on shares of ServiceNow in a research report on Monday, October 16th. BMO Capital Markets reissued a “buy” rating and issued a $127.00 target price on shares of ServiceNow in a research report on Friday, October 13th. Morgan Stanley reissued an “overweight” rating and issued a $134.00 target price (up from $124.00) on shares of ServiceNow in a research report on Thursday, July 20th. Moffett Nathanson initiated coverage on shares of ServiceNow in a research report on Wednesday, September 6th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research downgraded shares of ServiceNow from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $130.50.
ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.
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