ServiceNow Inc (NYSE:NOW) CRO David Schneider sold 2,242 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $150.00, for a total transaction of $336,300.00. Following the completion of the sale, the executive now directly owns 54,626 shares in the company, valued at approximately $8,193,900. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of ServiceNow Inc (NYSE:NOW) traded up $1.49 during midday trading on Friday, reaching $154.03. 1,904,698 shares of the company were exchanged, compared to its average volume of 2,288,990. ServiceNow Inc has a one year low of $83.42 and a one year high of $157.00. The stock has a market cap of $26,343.66, a PE ratio of -177.04, a P/E/G ratio of 32.44 and a beta of 1.26. 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 (NYSE:NOW) last issued its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. ServiceNow had a negative net margin of 7.71% and a negative return on equity of 24.97%. The company had revenue of $546.37 million during the quarter, compared to analysts’ expectations of $532.74 million. During the same period last year, the company posted $0.25 EPS. ServiceNow’s revenue was up 41.7% on a year-over-year basis. research analysts anticipate that ServiceNow Inc will post 0.1 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of ServiceNow from $120.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. Credit Suisse Group reissued a “buy” rating and issued a $165.00 price target on shares of ServiceNow in a report on Sunday, February 11th. Barclays raised their price target on shares of ServiceNow from $126.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Bank of America raised their price target on shares of ServiceNow from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $160.00 price target on shares of ServiceNow in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $148.97.
A number of hedge funds and other institutional investors have recently modified their holdings of NOW. Ark Investment Management LLC lifted its position in ServiceNow by 113.3% during the 2nd quarter. Ark Investment Management LLC now owns 7,713 shares of the information technology services provider’s stock valued at $818,000 after acquiring an additional 4,097 shares during the period. Dimensional Fund Advisors LP raised its holdings in ServiceNow by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 158,144 shares of the information technology services provider’s stock worth $16,764,000 after buying an additional 4,803 shares during the last quarter. AHL Partners LLP purchased a new position in ServiceNow in the second quarter worth about $287,000. WINTON GROUP Ltd purchased a new position in ServiceNow in the second quarter worth about $262,000. Finally, Toronto Dominion Bank raised its holdings in ServiceNow by 12.3% in the second quarter. Toronto Dominion Bank now owns 2,040 shares of the information technology services provider’s stock worth $216,000 after buying an additional 224 shares during the last quarter.
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ServiceNow Company Profile
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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