ServiceNow (NYSE:NOW) Director Lawrence Jackson Sells 265 Shares

ServiceNow, Inc. (NYSE:NOW) Director Lawrence Jackson sold 265 shares of ServiceNow stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $810.22, for a total value of $214,708.30. Following the completion of the transaction, the director directly owned 323 shares of the company’s stock, valued at $261,701.06. This represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ServiceNow Stock Up 0.3%

Shares of NOW opened at $824.75 on Wednesday. The business’s fifty day moving average price is $884.97 and its two-hundred day moving average price is $933.91. The firm has a market capitalization of $171.55 billion, a price-to-earnings ratio of 99.73, a PEG 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 quick ratio of 1.09 and a current ratio of 1.09.

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

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, October 29th. The information technology services provider reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.61. The business 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 firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.72 earnings per share. On average, analysts predict that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Institutional Trading of ServiceNow

Several hedge funds have recently added to or reduced their stakes in NOW. Kilter Group LLC acquired a new position in ServiceNow in the second quarter valued at about $25,000. IAG Wealth Partners LLC increased its stake in ServiceNow by 200.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 18 shares in the last quarter. Bogart Wealth LLC increased its stake in ServiceNow by 93.8% during the 3rd quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 15 shares in the last quarter. Wealth Watch Advisors INC acquired a new stake in ServiceNow during the 3rd quarter worth approximately $29,000. Finally, Global X Japan Co. Ltd. acquired a new stake in ServiceNow during the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analyst Ratings Changes

NOW has been the subject of several analyst reports. Wells Fargo & Company set a $1,275.00 price target on shares of ServiceNow in a research report on Thursday, October 30th. Mizuho set a $1,150.00 price objective on shares of ServiceNow in a report on Thursday, October 30th. UBS Group raised their price objective on shares of ServiceNow from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Barclays upped their target price on shares of ServiceNow from $1,210.00 to $1,225.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, TD Cowen increased their price target on ServiceNow from $1,200.00 to $1,250.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company 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.