ServiceNow Inc. (NOW) Stock Price Up 3.3%
Shares of ServiceNow Inc. (NYSE:NOW) rose 3.3% during trading on Friday . The stock traded as high as $76.86 and last traded at $76.44, with a volume of 965,329 shares traded. The stock had previously closed at $74.00.
Several brokerages recently commented on NOW. SunTrust Banks Inc. reiterated a “neutral” rating and issued a $70.00 price objective on shares of ServiceNow in a research note on Thursday, May 5th. Morgan Stanley reiterated a “buy” rating and issued a $76.00 price objective on shares of ServiceNow in a research note on Tuesday, May 17th. MKM Partners reiterated a “hold” rating and issued a $60.00 price objective on shares of ServiceNow in a research note on Tuesday, May 17th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $90.00 price objective on shares of ServiceNow in a research note on Thursday, May 19th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of ServiceNow in a research note on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $84.22.
The stock’s market cap is $12.54 billion. The company has a 50-day moving average price of $73.52 and a 200-day moving average price of $67.92.
ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.05. During the same period in the previous year, the company posted $0.05 earnings per share. The business earned $341.30 million during the quarter, compared to analyst estimates of $334.07 million. ServiceNow’s revenue was up 38.3% compared to the same quarter last year. Equities analysts anticipate that ServiceNow Inc. will post $0.65 EPS for the current year.
In other ServiceNow news, COO Daniel Mcgee sold 27,814 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $74.72, for a total value of $2,078,262.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frederic B. Luddy sold 195,000 shares of the company’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $76.01, for a total transaction of $14,821,950.00. Following the sale, the insider now directly owns 155,249 shares of the company’s stock, valued at $11,800,476.49. The disclosure for this sale can be found here.
ServiceNow, Inc is a provider of cloud-based solutions that define, structure, manage and automate services across the global enterprise. The Company provides cloud-based service management and business management solutions that address the needs of various departments within an enterprise, including information technology (IT), human resources (HR), facilities, field service, marketing, customer service, security, legal and finance.
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