ServiceNow (NYSE:NOW) Insider Jacqueline Canney Sells 94 Shares of Stock

ServiceNow, Inc. (NYSE:NOW) insider Jacqueline Canney sold 94 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $827.08, for a total transaction of $77,745.52. Following the sale, the insider directly owned 3,027 shares of the company’s stock, valued at approximately $2,503,571.16. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ServiceNow Stock Down 0.3%

NOW stock traded down $2.79 during mid-day trading on Wednesday, reaching $815.18. 1,913,438 shares of the company traded hands, compared to its average volume of 1,641,529. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average price is $908.37 and its 200 day moving average price is $946.44. The stock has a market cap of $169.56 billion, a price-to-earnings ratio of 98.57, a P/E/G ratio of 4.11 and a beta of 0.94. ServiceNow, Inc. has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09.

ServiceNow’s stock is scheduled to split before the market opens on Friday, December 5th. The 5-1 split was announced on Wednesday, October 29th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, December 4th.

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

Analyst Ratings Changes

NOW has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,200.00 price objective on shares of ServiceNow in a report on Monday, October 27th. Royal Bank Of Canada reissued an “outperform” rating and set a $1,200.00 price target on shares of ServiceNow in a research report on Thursday, October 30th. Cowen reaffirmed a “buy” rating on shares of ServiceNow in a research report on Friday, October 24th. Canaccord Genuity Group reissued a “buy” rating and set a $1,120.00 target price on shares of ServiceNow in a research report on Thursday, October 30th. Finally, Oppenheimer restated an “outperform” rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of ServiceNow in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,159.66.

Institutional Investors Weigh In On ServiceNow

Several large investors have recently modified their holdings of the stock. Kilter Group LLC bought a new position in ServiceNow during the second quarter valued at $25,000. IAG Wealth Partners LLC lifted its position in shares of ServiceNow by 200.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 18 shares during the last quarter. Global X Japan Co. Ltd. bought a new position in shares of ServiceNow during the 2nd quarter worth $30,000. Total Investment Management Inc. purchased a new stake in ServiceNow in the 2nd quarter worth about $31,000. Finally, LGT Financial Advisors LLC bought a new stake in ServiceNow in the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

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.