Paul Edward Chamberlain Sells 300 Shares of ServiceNow (NYSE:NOW) Stock

ServiceNow, Inc. (NYSE:NOW) Director Paul Edward Chamberlain sold 300 shares of the stock in a transaction on Friday, November 28th. The shares were sold at an average price of $808.00, for a total value of $242,400.00. Following the completion of the transaction, the director owned 9,586 shares of the company’s stock, valued at $7,745,488. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

ServiceNow Price Performance

NOW stock traded up $2.68 during midday trading on Tuesday, reaching $824.75. 1,310,114 shares of the stock were exchanged, compared to its average volume of 1,636,367. The stock has a market capitalization of $171.55 billion, a PE ratio of 99.73, a P/E/G ratio of 4.11 and a beta of 0.97. ServiceNow, Inc. has a 52 week low of $678.66 and a 52 week high of $1,198.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The company has a fifty day moving average price of $884.97 and a 200 day moving average price of $933.91.

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

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, October 29th. The information technology services provider reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.21 by $0.61. The firm 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 business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the firm posted $3.72 earnings per share. As a group, analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Hedge Funds Weigh In On ServiceNow

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

Wall Street Analysts Forecast Growth

NOW has been the topic of a number of research reports. Stifel Nicolaus set a $1,150.00 target price on shares of ServiceNow in a report on Thursday, October 30th. Barclays boosted their price objective on shares of ServiceNow from $1,210.00 to $1,225.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Wells Fargo & Company set a $1,275.00 target price on ServiceNow in a research report on Thursday, October 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $1,200.00 price target on shares of ServiceNow in a research report on Thursday, October 30th. Finally, Mizuho set a $1,150.00 price target on ServiceNow in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,149.67.

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.