Key Points
- Paul Fipps sold 9,641 ServiceNow shares on Feb. 18 at an average price of $105.93 for about $1.02M, reducing his position by 45.06% to 11,757 shares (worth roughly $1.25M).
- ServiceNow beat quarterly EPS estimates ($0.92 vs. $0.89) with revenue up 20.7% to $3.57B, yet the stock trades around $105.85 (12‑month range $98–$211.48) and carries a MarketBeat consensus target of $192.06 ("Moderate Buy").
ServiceNow, Inc. (NYSE:NOW - Get Free Report) insider Paul Fipps sold 9,641 shares of ServiceNow stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the completion of the transaction, the insider owned 11,757 shares in the company, valued at approximately $1,245,419.01. The trade was a 45.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
ServiceNow Stock Performance
Shares of NOW stock traded down $1.52 during mid-day trading on Friday, reaching $105.85. 3,634,161 shares of the company's stock traded hands, compared to its average volume of 19,643,555. The firm has a 50 day moving average price of $132.99 and a two-hundred day moving average price of $162.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. ServiceNow, Inc. has a 12 month low of $98.00 and a 12 month high of $211.48. The firm has a market capitalization of $110.72 billion, a PE ratio of 63.43, a price-to-earnings-growth ratio of 1.82 and a beta of 0.97.
ServiceNow (NYSE:NOW - Get Free Report) last posted its earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The company had revenue of $3.57 billion during the quarter, compared to analysts' expectations of $3.53 billion. During the same period last year, the company posted $0.73 earnings per share. ServiceNow's quarterly revenue was up 20.7% on a year-over-year basis. On average, research analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. DA Davidson reissued a "buy" rating and set a $220.00 price target on shares of ServiceNow in a research report on Thursday, January 29th. Morgan Stanley set a $263.00 target price on ServiceNow and gave the company an "overweight" rating in a research report on Thursday, October 30th. Robert W. Baird set a $175.00 price target on ServiceNow in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on ServiceNow in a research report on Thursday, January 29th. Finally, Wells Fargo & Company set a $225.00 price target on ServiceNow and gave the company an "overweight" rating in a research note on Thursday, January 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, ServiceNow has an average rating of "Moderate Buy" and a consensus target price of $192.06.
Check Out Our Latest Stock Analysis on NOW
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NOW. Kilter Group LLC acquired a new position in ServiceNow in the 2nd quarter valued at about $25,000. IAG Wealth Partners LLC raised its position in ServiceNow by 200.0% in the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 18 shares during the period. Noble Wealth Management PBC lifted its stake in ServiceNow by 400.0% during the fourth quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider's stock worth $25,000 after purchasing an additional 128 shares in the last quarter. Millstone Evans Group LLC boosted its position in shares of ServiceNow by 400.0% during the fourth quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider's stock worth $25,000 after buying an additional 132 shares during the period. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of ServiceNow by 540.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider's stock valued at $25,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company's stock.
About ServiceNow
(
Get Free Report)
ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.
The company's flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.
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