ServiceNow (NYSE:NOW) Insider Kevin Thomas Mcbride Sells 280 Shares

ServiceNow, Inc. (NYSE:NOW) insider Kevin Thomas Mcbride sold 280 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $842.48, for a total value of $235,894.40. Following the completion of the transaction, the insider owned 5,054 shares in the company, valued at $4,257,893.92. The trade was a 5.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

ServiceNow Trading Down 2.1%

Shares of ServiceNow stock opened at $818.10 on Wednesday. The company has a market capitalization of $170.17 billion, a price-to-earnings ratio of 98.92, a PEG ratio of 4.11 and a beta of 0.94. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. ServiceNow, Inc. has a 12-month low of $678.66 and a 12-month high of $1,198.09. The firm’s 50-day moving average price is $910.56 and its two-hundred day moving average price is $947.36.

Shares of ServiceNow are set 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 issued its earnings results on Wednesday, October 29th. The information technology services provider reported $4.82 EPS for the quarter, beating the consensus estimate of $4.21 by $0.61. The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. ServiceNow had a net margin of 13.66% and a return on equity of 19.23%. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.72 EPS. On average, analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ServiceNow

A number of hedge funds have recently added to or reduced their stakes in NOW. Second Line Capital LLC lifted its stake in ServiceNow by 818.3% in the third quarter. Second Line Capital LLC now owns 3,315 shares of the information technology services provider’s stock valued at $3,051,000 after buying an additional 2,954 shares during the period. Stance Capital LLC lifted its position in shares of ServiceNow by 9.4% during the 3rd quarter. Stance Capital LLC now owns 1,446 shares of the information technology services provider’s stock valued at $1,331,000 after acquiring an additional 124 shares during the period. Silvant Capital Management LLC lifted its position in shares of ServiceNow by 14.9% during the 3rd quarter. Silvant Capital Management LLC now owns 2,090 shares of the information technology services provider’s stock valued at $1,923,000 after acquiring an additional 271 shares during the period. Hancock Whitney Corp boosted its stake in ServiceNow by 240.7% during the third quarter. Hancock Whitney Corp now owns 16,993 shares of the information technology services provider’s stock worth $15,638,000 after acquiring an additional 12,005 shares in the last quarter. Finally, Harvest Investment Services LLC grew its holdings in ServiceNow by 52.1% in the third quarter. Harvest Investment Services LLC now owns 330 shares of the information technology services provider’s stock worth $304,000 after purchasing an additional 113 shares during the period. 87.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of ServiceNow in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of ServiceNow from $1,020.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Morgan Stanley set a $1,315.00 price target on ServiceNow and gave the company an “overweight” rating in a research note on Thursday, October 30th. Stifel Nicolaus set a $1,150.00 target price on ServiceNow in a report on Thursday, October 30th. Finally, Wells Fargo & Company set a $1,275.00 target price on shares of ServiceNow in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,159.66.

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.