ServiceNow, Inc. (NYSE:NOW) Director Sells $277,368.00 in Stock

ServiceNow, Inc. (NYSE:NOW) Director Teresa Briggs sold 546 shares of the company’s stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $508.00, for a total value of $277,368.00. Following the completion of the sale, the director now directly owns 932 shares of the company’s stock, valued at approximately $473,456. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Teresa Briggs also recently made the following trade(s):

  • On Monday, February 1st, Teresa Briggs sold 332 shares of ServiceNow stock. The stock was sold at an average price of $546.01, for a total value of $181,275.32.

NYSE NOW opened at $510.73 on Thursday. ServiceNow, Inc. has a 12 month low of $263.90 and a 12 month high of $598.37. The stock has a market cap of $100.15 billion, a P/E ratio of 144.68, a P/E/G ratio of 12.70 and a beta of 1.14. The stock’s fifty day moving average price is $509.53 and its 200-day moving average price is $521.55. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.64.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, January 27th. The information technology services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. ServiceNow had a return on equity of 9.79% and a net margin of 16.60%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. The company’s quarterly revenue was up 31.4% on a year-over-year basis. As a group, analysts forecast that ServiceNow, Inc. will post 1.11 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Chartwell Investment Partners LLC boosted its position in shares of ServiceNow by 1.0% during the fourth quarter. Chartwell Investment Partners LLC now owns 22,014 shares of the information technology services provider’s stock valued at $12,117,000 after buying an additional 213 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of ServiceNow by 3.0% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 84,433 shares of the information technology services provider’s stock valued at $46,474,000 after buying an additional 2,458 shares during the last quarter. Middleton & Co Inc MA boosted its position in shares of ServiceNow by 21.7% during the fourth quarter. Middleton & Co Inc MA now owns 12,878 shares of the information technology services provider’s stock valued at $7,088,000 after buying an additional 2,300 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of ServiceNow by 27.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 39,511 shares of the information technology services provider’s stock valued at $21,746,000 after buying an additional 8,546 shares during the last quarter. Finally, Peregrine Capital Management LLC boosted its position in shares of ServiceNow by 13.6% during the fourth quarter. Peregrine Capital Management LLC now owns 122,152 shares of the information technology services provider’s stock valued at $67,236,000 after buying an additional 14,621 shares during the last quarter. 87.20% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on NOW. The Goldman Sachs Group began coverage on ServiceNow in a research note on Friday, January 22nd. They issued a “buy” rating and a $670.00 target price for the company. Argus upped their target price on ServiceNow from $600.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 2nd. Citigroup initiated coverage on ServiceNow in a research report on Wednesday, March 3rd. They issued a “buy” rating and a $665.00 price objective for the company. Raymond James boosted their price objective on ServiceNow from $575.00 to $600.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 28th. Finally, OTR Global upgraded ServiceNow to a “positive” rating in a research report on Friday, January 22nd. Two investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $600.41.

ServiceNow Company Profile

ServiceNow, Inc provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform that offers workflow automation, artificial intelligence, machine learning, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.

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