Fay Sien Goon Sells 70 Shares of ServiceNow Inc (NOW) Stock

ServiceNow Inc (NYSE:NOW) insider Fay Sien Goon sold 70 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $264.17, for a total value of $18,491.90. Following the completion of the sale, the insider now owns 44,259 shares of the company’s stock, valued at $11,691,900.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NOW stock traded up $11.95 during midday trading on Tuesday, reaching $272.07. The company’s stock had a trading volume of 2,020,112 shares, compared to its average volume of 1,997,007. The company has a quick ratio of 1.17, a current ratio of 1.13 and a debt-to-equity ratio of 0.88. ServiceNow Inc has a 1 year low of $147.63 and a 1 year high of $275.20. The firm has a market cap of $48.99 billion, a price-to-earnings ratio of 1,360.35, a PEG ratio of 19.95 and a beta of 1.45.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, April 24th. The information technology services provider reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.10. ServiceNow had a positive return on equity of 1.64% and a negative net margin of 1.38%. The business had revenue of $788.93 million for the quarter, compared to analyst estimates of $768.09 million. During the same quarter last year, the firm posted $0.56 earnings per share. The business’s revenue was up 33.9% compared to the same quarter last year. Research analysts expect that ServiceNow Inc will post 0.48 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in NOW. Cerity Partners LLC increased its stake in shares of ServiceNow by 3.6% during the fourth quarter. Cerity Partners LLC now owns 1,280 shares of the information technology services provider’s stock valued at $228,000 after buying an additional 45 shares during the period. Cigna Investments Inc. New increased its stake in shares of ServiceNow by 2.0% during the first quarter. Cigna Investments Inc. New now owns 2,652 shares of the information technology services provider’s stock valued at $654,000 after buying an additional 53 shares during the period. Aft Forsyth & Company Inc. increased its stake in shares of ServiceNow by 2.2% during the fourth quarter. Aft Forsyth & Company Inc. now owns 2,575 shares of the information technology services provider’s stock valued at $458,000 after buying an additional 55 shares during the period. Shine Investment Advisory Services Inc. increased its stake in shares of ServiceNow by 50.5% during the fourth quarter. Shine Investment Advisory Services Inc. now owns 167 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 56 shares during the period. Finally, Sandy Spring Bank increased its stake in shares of ServiceNow by 118.0% during the first quarter. Sandy Spring Bank now owns 109 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

NOW has been the subject of a number of analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $235.00 price target (up from $205.00) on shares of ServiceNow in a research report on Thursday, January 31st. Stifel Nicolaus restated a “hold” rating and issued a $210.00 price target (up from $180.00) on shares of ServiceNow in a research report on Thursday, January 31st. They noted that the move was a valuation call. UBS Group restated a “buy” rating and issued a $230.00 price target (up from $214.00) on shares of ServiceNow in a research report on Thursday, January 31st. Canaccord Genuity restated a “buy” rating and issued a $240.00 price target (up from $210.00) on shares of ServiceNow in a research report on Thursday, January 31st. Finally, KeyCorp restated an “overweight” rating and issued a $250.00 price target (up from $210.00) on shares of ServiceNow in a research report on Thursday, January 31st. Three equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and three have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $268.24.

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ServiceNow Company Profile

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers information technology (IT) service management applications, as well as digital workflow products for customer service, human resources, security operations, integrated risk management, and other enterprise departments.

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Insider Buying and Selling by Quarter for ServiceNow (NYSE:NOW)

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