ServiceNow, Inc. (NYSE:NOW) Insider Sells $150,500.00 in Stock

ServiceNow, Inc. (NYSE:NOWGet Free Report) insider Christopher Bedi sold 215 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the sale, the insider now owns 15,892 shares of the company’s stock, valued at approximately $11,124,400. The sale was disclosed in a filing with the SEC, which is accessible through this link.

ServiceNow Trading Down 0.5 %

Shares of NYSE:NOW traded down $3.24 during trading on Friday, reaching $699.92. 803,965 shares of the company were exchanged, compared to its average volume of 1,293,783. The firm has a market capitalization of $143.48 billion, a PE ratio of 74.81, a P/E/G ratio of 4.41 and a beta of 0.96. The business’s fifty day simple moving average is $733.86 and its 200-day simple moving average is $734.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.05. ServiceNow, Inc. has a 12-month low of $526.11 and a 12-month high of $815.32.

ServiceNow (NYSE:NOWGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.41. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.59 billion. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. On average, research analysts anticipate that ServiceNow, Inc. will post 6.5 EPS for the current year.

Institutional Investors Weigh In On ServiceNow

Several institutional investors have recently bought and sold shares of NOW. Creekmur Asset Management LLC acquired a new position in ServiceNow during the first quarter valued at $25,000. University of Texas Texas AM Investment Managment Co. purchased a new stake in ServiceNow during the 4th quarter valued at about $29,000. EntryPoint Capital LLC grew its stake in ServiceNow by 3,900.0% during the 1st quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 39 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in ServiceNow by 266.7% in the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Disciplined Equity Management Inc. acquired a new position in ServiceNow in the 4th quarter valued at about $35,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NOW shares. BMO Capital Markets dropped their price objective on shares of ServiceNow from $850.00 to $830.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Jefferies Financial Group increased their price objective on shares of ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. KeyCorp lowered their price target on shares of ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $900.00 price target on shares of ServiceNow in a report on Tuesday, May 7th. Finally, StockNews.com downgraded shares of ServiceNow from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $814.48.

Check Out Our Latest Stock Report on NOW

About ServiceNow

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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.

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

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