ServiceNow Inc (NYSE:NOW) Director Frederic B. Luddy sold 22,000 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $291.33, for a total transaction of $6,409,260.00. Following the completion of the transaction, the director now directly owns 2,983 shares of the company’s stock, valued at approximately $869,037.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of NYSE NOW opened at $302.31 on Friday. The firm has a market cap of $55.84 billion, a price-to-earnings ratio of 1,511.55, a PEG ratio of 21.72 and a beta of 1.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.13 and a current ratio of 1.13. ServiceNow Inc has a 1-year low of $147.63 and a 1-year high of $302.99. The business has a fifty day moving average of $276.82.
ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.10. ServiceNow had a negative net margin of 1.38% and a positive return on equity of 1.64%. The firm had revenue of $788.93 million for the quarter, compared to analysts’ expectations of $768.09 million. During the same period in the previous year, the firm posted $0.56 EPS. The company’s revenue for the quarter was up 33.9% on a year-over-year basis. Analysts expect that ServiceNow Inc will post 0.48 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of NOW. Financial Gravity Wealth Inc. bought a new stake in ServiceNow during the 1st quarter worth about $25,000. Sandy Spring Bank lifted its position in ServiceNow by 118.0% during the 1st quarter. Sandy Spring Bank now owns 109 shares of the information technology services provider’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Claybrook Capital LLC bought a new stake in ServiceNow during the 4th quarter worth about $28,000. Resources Investment Advisors Inc. bought a new stake in ServiceNow during the 4th quarter worth about $36,000. Finally, Spectrum Management Group Inc. bought a new stake in ServiceNow during the 1st quarter worth about $37,000. 92.97% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on NOW. Argus boosted their price target on shares of Thermo Fisher Scientific from $285.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Credit Suisse Group reissued a “hold” rating and issued a $32.00 price target on shares of CRH in a report on Thursday, April 25th. Needham & Company LLC boosted their price target on shares of Lam Research from $180.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Royal Bank of Canada set a €86.00 ($100.00) price target on shares of Henkel AG & Co KGaA and gave the company a “neutral” rating in a report on Tuesday, May 7th. Finally, Morgan Stanley decreased their price target on shares of RPC from $12.00 to $9.50 and set an “underperform” rating for the company in a report on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $270.68.
ServiceNow Company Profile
ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers information technology (IT) service management applications, as well as digital workflow products for customer service, human resources, security operations, integrated risk management, and other enterprise departments.
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