ServiceNow Inc (NYSE:NOW) Director Frederic B. Luddy sold 100,000 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $135.37, for a total value of $13,537,000.00. Following the completion of the sale, the director now owns 240,000 shares of the company’s stock, valued at $32,488,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of ServiceNow Inc (NYSE NOW) traded down $3.05 during trading on Friday, hitting $149.76. The stock had a trading volume of 2,826,675 shares, compared to its average volume of 1,660,000. ServiceNow Inc has a 1 year low of $83.42 and a 1 year high of $156.54. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $25,570.00, a price-to-earnings ratio of -170.18 and a beta of 1.26.
ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. ServiceNow had a negative return on equity of 24.97% and a negative net margin of 7.71%. The company had revenue of $546.37 million for the quarter, compared to analyst estimates of $532.74 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 41.7% compared to the same quarter last year. research analysts forecast that ServiceNow Inc will post -0.06 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in ServiceNow by 5.6% in the second quarter. Vanguard Group Inc. now owns 13,985,997 shares of the information technology services provider’s stock valued at $1,482,516,000 after purchasing an additional 741,341 shares during the last quarter. FMR LLC grew its stake in ServiceNow by 3.2% in the second quarter. FMR LLC now owns 3,383,647 shares of the information technology services provider’s stock valued at $358,666,000 after purchasing an additional 103,578 shares during the last quarter. Capital World Investors purchased a new position in ServiceNow in the second quarter valued at about $259,594,000. American Century Companies Inc. grew its stake in ServiceNow by 162.5% in the fourth quarter. American Century Companies Inc. now owns 1,771,319 shares of the information technology services provider’s stock valued at $230,962,000 after purchasing an additional 1,096,491 shares during the last quarter. Finally, Coatue Management LLC purchased a new position in ServiceNow in the second quarter valued at about $184,317,000.
A number of analysts have weighed in on the company. UBS Group increased their target price on ServiceNow from $128.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered ServiceNow from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. JPMorgan Chase & Co. lowered ServiceNow from an “overweight” rating to a “neutral” rating and set a $138.00 target price on the stock. in a research note on Tuesday, December 12th. Cowen reiterated a “buy” rating and issued a $160.00 target price on shares of ServiceNow in a research note on Monday, December 11th. Finally, Mizuho reiterated a “buy” rating on shares of ServiceNow in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $148.28.
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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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