Fay Sien Goon Sells 70 Shares of ServiceNow Inc (NOW) Stock
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.
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.
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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