ServiceNow Inc (NYSE:NOW) Director Frederic B. Luddy sold 22,000 shares of ServiceNow stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $238.46, for a total transaction of $5,246,120.00. Following the completion of the transaction, the director now directly owns 1,770 shares in the company, valued at approximately $422,074.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE NOW opened at $241.59 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.16. ServiceNow Inc has a 12-month low of $147.63 and a 12-month high of $245.33. The company has a market capitalization of $43.79 billion, a PE ratio of 1,207.95, a price-to-earnings-growth ratio of 24.46 and a beta of 1.44.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, January 30th. The information technology services provider reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.14. ServiceNow had a negative net margin of 1.02% and a positive return on equity of 3.95%. The company had revenue of $715.44 million for the quarter, compared to the consensus estimate of $717.73 million. During the same period last year, the company earned $0.37 earnings per share. The firm’s revenue was up 30.3% compared to the same quarter last year. On average, analysts predict that ServiceNow Inc will post 0.35 EPS for the current fiscal year.

NOW has been the topic of a number of research reports. Atlantic Securities initiated coverage on shares of ServiceNow in a research note on Wednesday, January 9th. They issued a “neutral” rating and a $199.00 price target on the stock. ValuEngine raised shares of ServiceNow from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $243.00 price target (up previously from $224.00) on shares of ServiceNow in a research note on Thursday, January 31st. UBS Group reaffirmed a “buy” rating and issued a $230.00 price target (up previously from $214.00) on shares of ServiceNow in a research note on Thursday, January 31st. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a $260.00 price target on shares of ServiceNow in a research note on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and three have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $227.75.

Institutional investors and hedge funds have recently modified their holdings of the stock. We Are One Seven LLC acquired a new position in ServiceNow during the fourth quarter worth $27,000. Claybrook Capital LLC acquired a new position in ServiceNow during the fourth quarter worth $28,000. Shine Investment Advisory Services Inc. increased its holdings in 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 worth $30,000 after buying an additional 56 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in ServiceNow during the fourth quarter worth $30,000. Finally, North Star Investment Management Corp. acquired a new position in ServiceNow during the fourth quarter worth $31,000. Institutional investors and hedge funds own 97.07% of the company’s stock.

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About ServiceNow

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.

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