ServiceNow Inc (NYSE:NOW) insider Fay Sien Goon sold 70 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $264.17, for a total transaction of $18,491.90. Following the sale, the insider now directly owns 44,259 shares in the company, valued at $11,691,900.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NOW stock traded down $4.24 during mid-day trading on Friday, reaching $273.72. 22,446 shares of the stock traded hands, compared to its average volume of 1,977,877. The stock has a market capitalization of $50.82 billion, a price-to-earnings ratio of 1,370.83, a price-to-earnings-growth ratio of 20.20 and a beta of 1.45. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.13 and a quick ratio of 1.13. ServiceNow Inc has a 52 week low of $147.63 and a 52 week high of $281.74.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.10. The business had revenue of $788.93 million during the quarter, compared to analyst estimates of $768.09 million. ServiceNow had a negative net margin of 1.38% and a positive return on equity of 1.64%. The firm’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. Equities analysts expect that ServiceNow Inc will post 0.48 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in NOW. Neuberger Berman Group LLC raised its position in shares of ServiceNow by 0.3% during the third quarter. Neuberger Berman Group LLC now owns 193,546 shares of the information technology services provider’s stock valued at $37,863,000 after buying an additional 514 shares during the last quarter. Standard Life Aberdeen plc raised its position in shares of ServiceNow by 3.9% during the third quarter. Standard Life Aberdeen plc now owns 9,967 shares of the information technology services provider’s stock valued at $1,950,000 after buying an additional 376 shares during the last quarter. Legal & General Group Plc raised its position in ServiceNow by 1.0% in the third quarter. Legal & General Group Plc now owns 676,791 shares of the information technology services provider’s stock worth $132,416,000 after purchasing an additional 6,460 shares in the last quarter. State of Alaska Department of Revenue raised its position in ServiceNow by 3.5% in the fourth quarter. State of Alaska Department of Revenue now owns 26,606 shares of the information technology services provider’s stock worth $4,737,000 after purchasing an additional 911 shares in the last quarter. Finally, First Hawaiian Bank raised its position in ServiceNow by 4.4% in the fourth quarter. First Hawaiian Bank now owns 2,140 shares of the information technology services provider’s stock worth $381,000 after purchasing an additional 90 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on NOW shares. KeyCorp upped their price target on shares of ServiceNow from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Royal Bank of Canada reaffirmed a “top pick” rating and issued a $230.00 price target (up from $210.00) on shares of ServiceNow in a research note on Thursday, January 31st. BMO Capital Markets upped their price target on shares of ServiceNow from $235.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. ValuEngine raised shares of ServiceNow from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st. Finally, Cowen upped their price target on shares of ServiceNow from $260.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Three analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have issued a strong buy rating to the company. ServiceNow currently has an average rating of “Buy” and an average price target of $268.24.

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

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