ServiceNow Inc (NYSE:NOW) insider Chirantan Jitendra Desai sold 2,031 shares of the business’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $180.56, for a total value of $366,717.36. Following the sale, the insider now directly owns 503 shares of the company’s stock, valued at $90,821.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Chirantan Jitendra Desai also recently made the following trade(s):

  • On Friday, May 18th, Chirantan Jitendra Desai sold 2,836 shares of ServiceNow stock. The stock was sold at an average price of $171.76, for a total value of $487,111.36.
  • On Monday, May 14th, Chirantan Jitendra Desai sold 15,031 shares of ServiceNow stock. The stock was sold at an average price of $178.13, for a total value of $2,677,472.03.

Shares of ServiceNow traded up $4.36, hitting $185.59, on Thursday, according to MarketBeat. The company’s stock had a trading volume of 81,406 shares, compared to its average volume of 1,920,351. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.19 and a current ratio of 1.19. ServiceNow Inc has a fifty-two week low of $99.01 and a fifty-two week high of $187.39. The firm has a market capitalization of $31.82 billion, a PE ratio of -176.57, a P/E/G ratio of 31.02 and a beta of 1.11.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, April 25th. The information technology services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.19. ServiceNow had a negative return on equity of 10.63% and a negative net margin of 4.65%. The business had revenue of $589.20 million during the quarter, compared to analyst estimates of $570.63 million. During the same period in the previous year, the firm earned $0.25 EPS. ServiceNow’s quarterly revenue was up 37.4% compared to the same quarter last year. equities research analysts predict that ServiceNow Inc will post 0.13 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sands Capital Management LLC grew its position in shares of ServiceNow by 5.6% in the 4th quarter. Sands Capital Management LLC now owns 8,070,993 shares of the information technology services provider’s stock valued at $1,052,377,000 after purchasing an additional 426,311 shares during the period. Federated Investors Inc. PA boosted its position in ServiceNow by 0.4% during the 1st quarter. Federated Investors Inc. PA now owns 1,525,710 shares of the information technology services provider’s stock worth $252,429,000 after acquiring an additional 5,946 shares during the last quarter. OppenheimerFunds Inc. boosted its position in ServiceNow by 401.7% during the 1st quarter. OppenheimerFunds Inc. now owns 1,439,564 shares of the information technology services provider’s stock worth $238,176,000 after acquiring an additional 1,152,623 shares during the last quarter. Fred Alger Management Inc. boosted its position in ServiceNow by 1.0% during the 4th quarter. Fred Alger Management Inc. now owns 1,123,832 shares of the information technology services provider’s stock worth $146,536,000 after acquiring an additional 11,397 shares during the last quarter. Finally, Northern Trust Corp boosted its position in ServiceNow by 1.3% during the 1st quarter. Northern Trust Corp now owns 980,571 shares of the information technology services provider’s stock worth $162,235,000 after acquiring an additional 12,740 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Several analysts have weighed in on the company. Deutsche Bank boosted their price objective on ServiceNow from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, May 31st. Deutsche Bank boosted their price objective on ServiceNow to $200.00 and gave the stock a “buy” rating in a report on Thursday, May 31st. Canaccord Genuity boosted their price objective on ServiceNow from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, May 9th. Raymond James boosted their price objective on ServiceNow from $190.00 to $202.00 and gave the stock a “strong-buy” rating in a report on Tuesday, May 8th. Finally, UBS Group set a $196.00 price objective on ServiceNow and gave the stock a “buy” rating in a report on Tuesday, May 8th. Five research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $174.44.

About ServiceNow

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.

Insider Buying and Selling by Quarter for ServiceNow (NYSE:NOW)

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