Key Points
- ServiceNow General Counsel Russell Elmer sold 62 shares on November 13 at an average price of $852.38 for a total of $52,847.56, reducing his holding to 4,332 shares (a 1.41% decrease).
- 5-for-1 stock split scheduled — newly issued shares will be distributed after market close on December 4 and the split will take effect the morning of December 5.
- Q3 results topped expectations: ServiceNow reported $4.82 EPS vs. $4.21 expected and $3.41B in revenue vs. $3.35B, with revenue up 21.8% year-over-year.
ServiceNow, Inc. (NYSE:NOW - Get Free Report) General Counsel Russell Elmer sold 62 shares of ServiceNow stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $852.38, for a total transaction of $52,847.56. Following the sale, the general counsel directly owned 4,332 shares of the company's stock, valued at $3,692,510.16. The trade was a 1.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
ServiceNow Stock Performance
ServiceNow stock traded down $0.31 during trading hours on Friday, hitting $849.38. The company had a trading volume of 1,182,900 shares, compared to its average volume of 1,643,093. The firm has a 50-day moving average of $914.97 and a 200 day moving average of $949.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $176.67 billion, a PE ratio of 102.71, a PEG ratio of 4.11 and a beta of 0.94. ServiceNow, Inc. has a one year low of $678.66 and a one year high of $1,198.09.
ServiceNow shares are scheduled to split on the morning of Friday, December 5th. The 5-1 split was announced on Wednesday, October 29th. The newly issued shares will be distributed to shareholders after the market closes on Thursday, December 4th.
ServiceNow (NYSE:NOW - Get Free Report) last announced its earnings results on Wednesday, October 29th. The information technology services provider reported $4.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.21 by $0.61. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. ServiceNow had a net margin of 13.66% and a return on equity of 19.23%. The business's revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.72 EPS. On average, sell-side analysts expect that ServiceNow, Inc. will post 8.93 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Kilter Group LLC purchased a new position in ServiceNow in the 2nd quarter worth about $25,000. IAG Wealth Partners LLC increased its stake in ServiceNow by 200.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock worth $25,000 after buying an additional 18 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in ServiceNow during the second quarter valued at about $30,000. Total Investment Management Inc. purchased a new position in shares of ServiceNow in the second quarter valued at about $31,000. Finally, LGT Financial Advisors LLC purchased a new position in shares of ServiceNow in the second quarter valued at about $32,000. Hedge funds and other institutional investors own 87.18% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on NOW. TD Cowen increased their price objective on ServiceNow from $1,200.00 to $1,250.00 and gave the company a "buy" rating in a report on Thursday, October 30th. JMP Securities reaffirmed a "market outperform" rating and set a $1,300.00 target price on shares of ServiceNow in a research report on Monday, August 4th. Royal Bank Of Canada reissued an "outperform" rating and issued a $1,200.00 price target on shares of ServiceNow in a research report on Thursday, October 30th. Bank of America increased their price target on shares of ServiceNow from $1,110.00 to $1,200.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Erste Group Bank reissued a "hold" rating on shares of ServiceNow in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,159.66.
View Our Latest Stock Analysis on ServiceNow
ServiceNow Company Profile
(
Get Free Report)
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.
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