ServiceNow (NYSE:NOW) General Counsel Sells $66,993.48 in Stock

ServiceNow, Inc. (NYSE:NOW) General Counsel Russell Elmer sold 81 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $827.08, for a total transaction of $66,993.48. Following the transaction, the general counsel directly owned 4,332 shares of the company’s stock, valued at $3,582,910.56. This represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

ServiceNow Stock Up 1.5%

NOW stock opened at $812.40 on Friday. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. The company has a market cap of $168.98 billion, a PE ratio of 98.23, a price-to-earnings-growth ratio of 4.11 and a beta of 0.94. The business’s 50-day simple moving average is $903.22 and its 200 day simple moving average is $944.27.

ServiceNow shares are going to split before the market opens on 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 data on Wednesday, October 29th. The information technology services provider reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.61. ServiceNow had a return on equity of 19.23% and a net margin of 13.66%.The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the company earned $3.72 EPS. The company’s quarterly revenue was up 21.8% on a year-over-year basis. On average, research analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NOW shares. Stifel Nicolaus set a $1,150.00 target price on ServiceNow in a research report on Thursday, October 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $1,200.00 price objective on shares of ServiceNow in a research note on Monday, October 27th. DA Davidson set a $1,250.00 price objective on shares of ServiceNow in a report on Thursday, October 30th. JMP Securities reissued a “market outperform” rating and issued a $1,300.00 target price on shares of ServiceNow in a research note on Monday, August 4th. Finally, Zacks Research lowered shares of ServiceNow from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,159.66.

Institutional Investors Weigh In On ServiceNow

A number of hedge funds have recently made changes to their positions in the company. Haverford Trust Co grew its stake in ServiceNow by 0.9% during the first quarter. Haverford Trust Co now owns 1,176 shares of the information technology services provider’s stock worth $936,000 after buying an additional 10 shares during the last quarter. Ascent Group LLC grew its position in ServiceNow by 0.5% during the 1st quarter. Ascent Group LLC now owns 2,045 shares of the information technology services provider’s stock worth $1,628,000 after acquiring an additional 10 shares during the last quarter. Integrated Investment Consultants LLC increased its holdings in ServiceNow by 2.5% during the 1st quarter. Integrated Investment Consultants LLC now owns 450 shares of the information technology services provider’s stock valued at $358,000 after purchasing an additional 11 shares in the last quarter. one8zero8 LLC raised its position in ServiceNow by 3.2% in the 1st quarter. one8zero8 LLC now owns 356 shares of the information technology services provider’s stock valued at $283,000 after purchasing an additional 11 shares during the last quarter. Finally, Advisory Alpha LLC boosted its stake in ServiceNow by 4.4% in the first quarter. Advisory Alpha LLC now owns 261 shares of the information technology services provider’s stock worth $208,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

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.