ServiceNow (NYSE:NOW) Trading Down 2.4%

ServiceNow, Inc. (NYSE:NOW)’s stock price traded down 2.4% during mid-day trading on Tuesday . The stock traded as low as $704.09 and last traded at $704.09. 305,104 shares were traded during mid-day trading, a decline of 75% from the average session volume of 1,199,889 shares. The stock had previously closed at $721.16.

Analyst Ratings Changes

NOW has been the topic of several analyst reports. Barclays lifted their price target on ServiceNow from $765.00 to $870.00 and gave the stock an “overweight” rating in a report on Tuesday, January 23rd. UBS Group dropped their price target on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Jefferies Financial Group lifted their price target on shares of ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Citigroup increased their price objective on ServiceNow from $896.00 to $906.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Piper Sandler lifted their target price on ServiceNow from $750.00 to $830.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $807.28.

ServiceNow Stock Up 1.5 %

The business’s 50 day moving average is $755.91 and its 200-day moving average is $711.97. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.06. The company has a market cap of $142.89 billion, a PE ratio of 74.41, a P/E/G ratio of 4.35 and a beta of 0.98.

Insider Buying and Selling

In related news, insider Paul John Smith sold 5,159 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total value of $3,845,105.88. Following the transaction, the insider now owns 5,453 shares of the company’s stock, valued at $4,064,229.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO William R. Mcdermott sold 5,030 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total value of $3,787,992.40. Following the transaction, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul John Smith sold 5,159 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the completion of the sale, the insider now directly owns 5,453 shares of the company’s stock, valued at $4,064,229.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,369 shares of company stock worth $8,538,300. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of ServiceNow

A number of large investors have recently made changes to their positions in the company. PFG Private Wealth Management LLC purchased a new position in shares of ServiceNow during the third quarter worth approximately $28,000. University of Texas Texas AM Investment Managment Co. purchased a new position in ServiceNow during the 4th quarter worth $29,000. AdvisorNet Financial Inc raised its holdings in shares of ServiceNow by 266.7% in the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 32 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of ServiceNow during the third quarter worth about $35,000. Finally, Disciplined Equity Management Inc. acquired a new position in ServiceNow in the 4th quarter valued at about $35,000. 87.18% of the stock is owned by institutional investors and hedge funds.

ServiceNow Company Profile

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.