ServiceNow (NYSE:NOW) Insider Jacqueline Canney Sells 145 Shares

ServiceNow, Inc. (NYSE:NOW) insider Jacqueline Canney sold 145 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $846.92, for a total value of $122,803.40. Following the completion of the sale, the insider directly owned 3,027 shares in the company, valued at approximately $2,563,626.84. The trade was a 4.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

ServiceNow Stock Down 0.3%

ServiceNow stock traded down $2.79 on Wednesday, hitting $815.18. 1,913,438 shares of the stock traded hands, compared to its average volume of 1,641,529. ServiceNow, Inc. has a 1 year low of $678.66 and a 1 year high of $1,198.09. The firm has a market cap of $169.56 billion, a P/E ratio of 98.57, a price-to-earnings-growth ratio of 4.11 and a beta of 0.94. 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 business’s fifty day simple moving average is $908.37 and its 200 day simple moving average is $946.44.

ServiceNow shares are scheduled to split on the morning of Friday, December 5th. The 5-1 split was announced on Wednesday, October 29th. The newly minted shares will be distributed to shareholders after the closing bell on Thursday, December 4th.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, October 29th. The information technology services provider reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.61. ServiceNow had a net margin of 13.66% and a return on equity of 19.23%. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the business earned $3.72 EPS. ServiceNow’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, sell-side analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Institutional Trading of ServiceNow

Several institutional investors have recently added to or reduced their stakes in NOW. Center For Asset Management LLC increased its holdings in shares of ServiceNow by 10.5% in the 3rd quarter. Center For Asset Management LLC now owns 306 shares of the information technology services provider’s stock worth $282,000 after purchasing an additional 29 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of ServiceNow by 2.2% during the third quarter. Captrust Financial Advisors now owns 34,524 shares of the information technology services provider’s stock valued at $31,772,000 after purchasing an additional 754 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of ServiceNow by 5.3% during the third quarter. Coldstream Capital Management Inc. now owns 6,165 shares of the information technology services provider’s stock valued at $5,674,000 after buying an additional 312 shares during the last quarter. Aspire Private Capital LLC boosted its position in shares of ServiceNow by 9.1% during the third quarter. Aspire Private Capital LLC now owns 1,328 shares of the information technology services provider’s stock valued at $1,222,000 after buying an additional 111 shares during the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab bought a new stake in ServiceNow in the 3rd quarter worth about $21,875,000. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NOW. Royal Bank Of Canada reiterated an “outperform” rating and set a $1,200.00 target price on shares of ServiceNow in a report on Thursday, October 30th. Mizuho set a $1,150.00 price objective on ServiceNow in a research report on Thursday, October 30th. Stifel Nicolaus set a $1,150.00 price objective on ServiceNow in a research note on Thursday, October 30th. Canaccord Genuity Group reissued a “buy” rating and issued a $1,120.00 target price on shares of ServiceNow in a report on Thursday, October 30th. Finally, Bank of America increased their target price on ServiceNow from $1,110.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,159.66.

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.