Paul John Smith Sells 602 Shares of ServiceNow, Inc. (NYSE:NOW) Stock

ServiceNow, Inc. (NYSE:NOW) insider Paul John Smith sold 602 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $769.75, for a total transaction of $463,389.50. Following the completion of the sale, the insider now directly owns 3,619 shares of the company’s stock, valued at approximately $2,785,725.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Paul John Smith also recently made the following trade(s):

• On Monday, May 13th, Paul John Smith sold 125 shares of ServiceNow stock. The stock was sold at an average price of $727.38, for a total transaction of $90,922.50.
• On Wednesday, May 8th, Paul John Smith sold 190 shares of ServiceNow stock. The stock was sold at an average price of $718.78, for a total transaction of $136,568.20.

ServiceNow Trading Down 1.7 %

Shares of NYSE NOW opened at $757.78 on Friday. The stock has a market cap of $155.34 billion, a price-to-earnings ratio of 81.05, a PEG ratio of 4.83 and a beta of 0.98. The business has a 50 day simple moving average of $747.20 and a 200 day simple moving average of $730.54. ServiceNow, Inc. has a 52 week low of $494.13 and a 52 week high of $815.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.05.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.41 by $0.41. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. ServiceNow had a return on equity of 13.59% and a net margin of 20.34%. On average, research analysts predict that ServiceNow, Inc. will post 6.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. William Blair reiterated an “outperform” rating on shares of ServiceNow in a research report on Tuesday, May 7th. Guggenheim reiterated a “neutral” rating on shares of ServiceNow in a research report on Monday, April 15th. Robert W. Baird boosted their price target on shares of ServiceNow from $870.00 to $885.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Wells Fargo & Company boosted their price target on shares of ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley boosted their price target on shares of ServiceNow from $814.00 to $830.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $808.73.

Institutional Investors Weigh In On ServiceNow

Several large investors have recently made changes to their positions in NOW. Argonautica Private Wealth Management Inc. boosted its position in ServiceNow by 1.0% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,376 shares of the information technology services provider’s stock worth $972,000 after purchasing an additional 13 shares during the period. Wealth Management Partners LLC boosted its position in ServiceNow by 2.7% during the fourth quarter. Wealth Management Partners LLC now owns 531 shares of the information technology services provider’s stock worth $375,000 after purchasing an additional 14 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its position in ServiceNow by 30.4% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 14 shares during the period. Optas LLC boosted its position in ServiceNow by 1.7% during the first quarter. Optas LLC now owns 815 shares of the information technology services provider’s stock worth $621,000 after purchasing an additional 14 shares during the period. Finally, Cedar Wealth Management LLC boosted its position in ServiceNow by 5.5% during the first quarter. Cedar Wealth Management LLC now owns 268 shares of the information technology services provider’s stock worth $204,000 after purchasing an additional 14 shares during the period. Institutional investors own 87.18% of the company’s stock.

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.