ServiceNow Inc (NYSE:NOW) insider Patricia L. Wadors sold 6,884 shares of ServiceNow stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $222.69, for a total transaction of $1,532,997.96. Following the transaction, the insider now directly owns 12,375 shares in the company, valued at $2,755,788.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NOW stock traded up $0.45 during trading on Monday, reaching $229.01. The company’s stock had a trading volume of 1,933,226 shares, compared to its average volume of 2,375,716. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $40.98 billion, a P/E ratio of 1,145.05, a price-to-earnings-growth ratio of 23.42 and a beta of 1.43. ServiceNow Inc has a 1-year low of $145.24 and a 1-year high of $232.25.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, January 30th. The information technology services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $715.44 million during the quarter, compared to analysts’ expectations of $717.73 million. ServiceNow had a negative net margin of 1.02% and a positive return on equity of 4.15%. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, research analysts forecast that ServiceNow Inc will post 0.35 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. grew its holdings in ServiceNow by 21.0% during the 4th quarter. Advisor Group Inc. now owns 3,925 shares of the information technology services provider’s stock worth $699,000 after acquiring an additional 681 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in ServiceNow by 53.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 38,188 shares of the information technology services provider’s stock worth $6,799,000 after acquiring an additional 13,269 shares in the last quarter. South State Corp grew its holdings in ServiceNow by 26.6% during the 4th quarter. South State Corp now owns 31,706 shares of the information technology services provider’s stock worth $5,645,000 after acquiring an additional 6,665 shares in the last quarter. Bremer Trust National Association acquired a new position in ServiceNow during the 4th quarter worth approximately $145,000. Finally, Eagle Asset Management Inc. grew its holdings in ServiceNow by 4.2% during the 4th quarter. Eagle Asset Management Inc. now owns 399,164 shares of the information technology services provider’s stock worth $71,071,000 after acquiring an additional 16,184 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

A number of brokerages have commented on NOW. UBS Group reaffirmed a “buy” rating and set a $230.00 target price (up from $214.00) on shares of ServiceNow in a research note on Thursday, January 31st. Jefferies Financial Group lifted their target price on shares of ServiceNow to $242.00 and gave the stock a “buy” rating in a research note on Thursday, January 31st. Canaccord Genuity reaffirmed a “buy” rating and set a $240.00 target price (up from $210.00) on shares of ServiceNow in a research note on Thursday, January 31st. ValuEngine upgraded shares of ServiceNow from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 1st. Finally, KeyCorp reiterated an “overweight” rating and set a $250.00 price target (up from $210.00) on shares of ServiceNow in a research report on Thursday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $223.07.

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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.

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