ServiceNow Inc (NOW) Insider Sells $1,532,997.96 in Stock

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ServiceNow Inc (NYSE:NOW) insider Patricia L. Wadors sold 6,884 shares of the stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $222.69, for a total value of $1,532,997.96. Following the transaction, the insider now directly owns 12,375 shares of the company’s stock, valued at $2,755,788.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NOW stock opened at $231.97 on Thursday. ServiceNow Inc has a 1 year low of $146.30 and a 1 year high of $237.49. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64. The company has a market cap of $42.14 billion, a price-to-earnings ratio of 1,159.85, a P/E/G ratio of 23.42 and a beta of 1.43.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, January 30th. The information technology services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. ServiceNow had a positive return on equity of 4.15% and a negative net margin of 1.02%. The firm had revenue of $715.44 million for the quarter, compared to the consensus estimate of $717.73 million. During the same period in the prior year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. On average, equities research analysts anticipate that ServiceNow Inc will post 0.35 earnings per share for the current fiscal year.

A number of brokerages recently commented on NOW. Citigroup reissued a “buy” rating and set a $240.00 price target (up from $200.00) on shares of ServiceNow in a research note on Thursday, January 31st. Bank of America reissued a “buy” rating and set a $235.00 price target (up from $217.00) on shares of ServiceNow in a research note on Thursday, January 31st. JMP Securities reissued a “mkt outperform” rating and set a $225.00 price target (up from $220.00) on shares of ServiceNow in a research note on Thursday, January 31st. Credit Suisse Group reissued an “outperform” rating and set a $225.00 price target (up from $215.00) on shares of ServiceNow in a research note on Thursday, January 31st. Finally, Morgan Stanley reissued an “overweight” rating and set a $250.00 price target (up from $229.00) on shares of ServiceNow in a research note on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the stock. ServiceNow has a consensus rating of “Buy” and a consensus target price of $223.07.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital Research Global Investors raised its holdings in shares of ServiceNow by 75.0% in the third quarter. Capital Research Global Investors now owns 5,257,914 shares of the information technology services provider’s stock worth $1,028,606,000 after buying an additional 2,254,082 shares during the period. TIAA CREF Investment Management LLC increased its holdings in ServiceNow by 27.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,275,482 shares of the information technology services provider’s stock worth $640,783,000 after purchasing an additional 697,046 shares during the period. Capital International Investors purchased a new position in ServiceNow during the 3rd quarter worth $480,663,000. Jennison Associates LLC increased its holdings in ServiceNow by 282.1% during the 4th quarter. Jennison Associates LLC now owns 2,406,077 shares of the information technology services provider’s stock worth $428,402,000 after purchasing an additional 1,776,380 shares during the period. Finally, OppenheimerFunds Inc. increased its holdings in ServiceNow by 30.2% during the 3rd quarter. OppenheimerFunds Inc. now owns 1,871,776 shares of the information technology services provider’s stock worth $366,177,000 after purchasing an additional 434,571 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

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About ServiceNow

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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Insider Buying and Selling by Quarter for ServiceNow (NYSE:NOW)

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