Traders sold shares of ServiceNow Inc (NYSE:NOW) on strength during trading on Tuesday after an insider sold shares in the company. $74.87 million flowed into the stock on the tick-up and $295.91 million flowed out of the stock on the tick-down, for a money net flow of $221.04 million out of the stock. Of all stocks tracked, ServiceNow had the 0th highest net out-flow for the day. ServiceNow traded up $0.98 for the day and closed at $241.96Specifically, insider David Schneider sold 3,259 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $241.37, for a total transaction of $786,624.83. Following the completion of the transaction, the insider now directly owns 54,346 shares of the company’s stock, valued at approximately $13,117,494.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anita M. Sands sold 1,304 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $235.00, for a total transaction of $306,440.00. Following the transaction, the director now directly owns 9,571 shares of the company’s stock, valued at $2,249,185. The disclosure for this sale can be found here. In the last 90 days, insiders sold 235,515 shares of company stock valued at $52,151,836. 1.60% of the stock is owned by insiders.

NOW has been the topic of a number of analyst reports. Atlantic Securities initiated coverage on shares of ServiceNow in a research report on Wednesday, January 9th. They set a “neutral” rating and a $199.00 target price on the stock. ValuEngine upgraded shares of ServiceNow from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $243.00 price target (up previously from $224.00) on shares of ServiceNow in a research note on Thursday, January 31st. UBS Group reaffirmed a “buy” rating and set a $230.00 price target (up previously from $214.00) on shares of ServiceNow in a research note on Thursday, January 31st. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $260.00 target price on shares of ServiceNow in a research report on Friday, February 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. ServiceNow has an average rating of “Buy” and a consensus target price of $229.15.

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.16. The firm has a market cap of $43.66 billion, a PE ratio of 1,209.80, a P/E/G ratio of 24.78 and a beta of 1.44.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 30th. The information technology services provider reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.14. ServiceNow had a negative net margin of 1.02% and a positive return on equity of 3.95%. The firm had revenue of $715.44 million during the quarter, compared to analysts’ expectations of $717.73 million. During the same period in the previous year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. On average, equities research analysts expect that ServiceNow Inc will post 0.35 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Berkshire Capital Holdings Inc. raised its stake in ServiceNow by 889.5% during the fourth quarter. Berkshire Capital Holdings Inc. now owns 41,460 shares of the information technology services provider’s stock worth $7,382,000 after acquiring an additional 37,270 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of ServiceNow by 17.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 22,134 shares of the information technology services provider’s stock worth $3,941,000 after buying an additional 3,259 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of ServiceNow by 26.6% during the 4th quarter. Advisors Asset Management Inc. now owns 20,609 shares of the information technology services provider’s stock worth $3,669,000 after buying an additional 4,325 shares in the last quarter. Roman Butler Fullerton & Co. bought a new position in shares of ServiceNow during the 4th quarter worth approximately $518,000. Finally, KAMES CAPITAL plc boosted its holdings in shares of ServiceNow by 611.7% during the 4th quarter. KAMES CAPITAL plc now owns 360,530 shares of the information technology services provider’s stock worth $64,138,000 after buying an additional 309,870 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

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ServiceNow Company Profile (NYSE:NOW)

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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