ServiceNow Inc (NYSE:NOW) CRO David Schneider sold 10,252 shares of ServiceNow stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $181.76, for a total value of $1,863,403.52. Following the completion of the sale, the executive now directly owns 44,376 shares of the company’s stock, valued at $8,065,781.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NOW traded down $1.61 on Friday, reaching $202.97. The stock had a trading volume of 1,222,809 shares, compared to its average volume of 1,713,582. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.28 and a current ratio of 1.28. ServiceNow Inc has a twelve month low of $110.17 and a twelve month high of $206.29.
ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, July 25th. The information technology services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $631.05 million for the quarter, compared to analysts’ expectations of $616.68 million. ServiceNow had a negative return on equity of 7.48% and a negative net margin of 4.16%. The company’s revenue was up 40.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. equities analysts expect that ServiceNow Inc will post 0.16 EPS for the current year.
A number of hedge funds have recently bought and sold shares of the stock. Alpha Windward LLC purchased a new position in shares of ServiceNow during the 2nd quarter worth $102,000. Three Peaks Capital Management LLC purchased a new position in shares of ServiceNow during the 1st quarter worth $113,000. IHT Wealth Management LLC lifted its stake in shares of ServiceNow by 66.7% during the 1st quarter. IHT Wealth Management LLC now owns 750 shares of the information technology services provider’s stock worth $121,000 after purchasing an additional 300 shares during the period. Adviser Investments LLC purchased a new position in shares of ServiceNow during the 1st quarter worth $166,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new position in shares of ServiceNow during the 2nd quarter worth $204,000. 95.80% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on NOW. BMO Capital Markets lifted their price target on ServiceNow from $177.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, July 26th. Barclays lifted their price target on ServiceNow from $198.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, September 7th. KeyCorp boosted their target price on ServiceNow from $194.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, July 26th. JMP Securities boosted their target price on ServiceNow to $220.00 and gave the company an “outperform” rating in a report on Thursday, July 26th. Finally, Canaccord Genuity boosted their target price on ServiceNow from $190.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $197.54.
ServiceNow, Inc engages in the provision of enterprise cloud computing solutions. It offers customer and facilities service management, orchestration core, service mapping, cloud and portfolio management, edge encryption, performance analytics, service portal designer, visual task boards, and configuration management database.
Featured Story: Calculate Your Return on Investment (ROI)
Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.