ServiceNow, Inc. (NYSE:NOW - Get Free Report) CFO Gina Mastantuono sold 415 shares of the company's stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $850.00, for a total value of $352,750.00. Following the transaction, the chief financial officer directly owned 12,228 shares in the company, valued at $10,393,800. The trade was a 3.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Gina Mastantuono also recently made the following trade(s):
- On Friday, November 28th, Gina Mastantuono sold 417 shares of ServiceNow stock. The shares were sold at an average price of $808.00, for a total transaction of $336,936.00.
ServiceNow Stock Performance
NOW opened at $854.39 on Wednesday. ServiceNow, Inc. has a 1-year low of $678.66 and a 1-year high of $1,198.09. The company has a market cap of $177.71 billion, a price-to-earnings ratio of 103.31, a PEG ratio of 3.56 and a beta of 0.97. The company's fifty day moving average price is $876.61 and its two-hundred day moving average price is $927.91. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.13.
Shares of ServiceNow are set to split on the morning of Thursday, December 18th. The 5-1 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, December 17th.
ServiceNow (NYSE:NOW - Get Free Report) last posted its earnings results on Wednesday, October 29th. The information technology services provider reported $4.82 earnings per share for the quarter, topping analysts' consensus estimates of $4.21 by $0.61. ServiceNow had a net margin of 13.66% and a return on equity of 18.74%. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the business posted $3.72 EPS. The firm's revenue was up 21.8% compared to the same quarter last year. On average, analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.
Institutional Trading of ServiceNow
A number of large investors have recently bought and sold shares of NOW. Norges Bank bought a new position in shares of ServiceNow during the 2nd quarter worth $2,589,235,000. Parnassus Investments LLC purchased a new stake in ServiceNow during the first quarter valued at about $519,806,000. Amundi boosted its position in ServiceNow by 61.9% during the first quarter. Amundi now owns 1,638,927 shares of the information technology services provider's stock worth $1,269,777,000 after purchasing an additional 626,623 shares during the period. Bessemer Group Inc. boosted its position in ServiceNow by 365.6% during the second quarter. Bessemer Group Inc. now owns 529,994 shares of the information technology services provider's stock worth $544,875,000 after purchasing an additional 416,162 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of ServiceNow by 2.0% in the second quarter. Vanguard Group Inc. now owns 19,895,063 shares of the information technology services provider's stock worth $20,453,716,000 after purchasing an additional 398,071 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Stifel Nicolaus set a $1,150.00 target price on ServiceNow in a report on Thursday, October 30th. Morgan Stanley set a $1,315.00 price objective on ServiceNow and gave the company an "overweight" rating in a research note on Thursday, October 30th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $1,200.00 target price on shares of ServiceNow in a research note on Thursday, October 30th. Cantor Fitzgerald reissued an "overweight" rating and set a $1,200.00 price target on shares of ServiceNow in a research report on Monday, October 27th. Finally, TD Cowen upped their price objective on shares of ServiceNow from $1,200.00 to $1,250.00 and gave the stock a "buy" rating in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,149.67.
Check Out Our Latest Stock Report on ServiceNow
About ServiceNow
(
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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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