ServiceNow (NYSE:NOW) Insider Sells $249,352.75 in Stock

ServiceNow, Inc. (NYSE:NOW) insider Paul Fipps sold 305 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $817.55, for a total transaction of $249,352.75. Following the sale, the insider directly owned 541 shares of the company’s stock, valued at approximately $442,294.55. This trade represents a 36.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

ServiceNow Trading Down 0.3%

NOW stock traded down $2.79 during midday trading on Wednesday, reaching $815.18. The company’s stock had a trading volume of 1,913,438 shares, compared to its average volume of 1,641,529. ServiceNow, Inc. has a 52 week low of $678.66 and a 52 week high of $1,198.09. The stock has a market cap of $169.56 billion, a PE ratio of 98.57, a price-to-earnings-growth ratio of 4.11 and a beta of 0.94. 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 business’s 50-day simple moving average is $908.37 and its 200-day simple moving average is $946.44.

Shares of ServiceNow are set to split on Friday, December 5th. The 5-1 split was announced on Wednesday, October 29th. The newly issued shares will be distributed to shareholders after the market closes on Thursday, December 4th.

ServiceNow (NYSE:NOW) last posted its quarterly 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. ServiceNow had a return on equity of 19.23% and a net margin of 13.66%.The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the business posted $3.72 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NOW shares. Oppenheimer restated an “outperform” rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of ServiceNow in a report on Thursday, July 24th. Stifel Nicolaus set a $1,150.00 price target on shares of ServiceNow in a research report on Thursday, October 30th. Wall Street Zen cut shares of ServiceNow from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. upped their target price on shares of ServiceNow from $1,020.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Needham & Company LLC lifted their price target on shares of ServiceNow from $1,050.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,159.66.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NOW. Kilter Group LLC acquired a new stake in shares of ServiceNow during the second quarter worth $25,000. IAG Wealth Partners LLC boosted its stake in ServiceNow by 200.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 18 shares during the period. Bogart Wealth LLC increased its holdings in ServiceNow by 93.8% during the 3rd quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 15 shares in the last quarter. Wealth Watch Advisors INC acquired a new stake in shares of ServiceNow in the 3rd quarter valued at about $29,000. Finally, Global X Japan Co. Ltd. acquired a new stake in shares of ServiceNow in the 2nd quarter valued at about $30,000. Institutional investors own 87.18% of the company’s stock.

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.