ServiceNow, Inc. (NYSE:NOW) Insider Paul John Smith Sells 190 Shares of Stock

ServiceNow, Inc. (NYSE:NOW) insider Paul John Smith sold 190 shares of ServiceNow stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total value of $136,568.20. Following the transaction, the insider now owns 3,010 shares in the company, valued at $2,163,527.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Paul John Smith also recently made the following trade(s):

• On Tuesday, February 20th, Paul John Smith sold 5,159 shares of ServiceNow stock. The shares were sold at an average price of $745.32, for a total value of $3,845,105.88.
• On Tuesday, February 13th, Paul John Smith sold 1,180 shares of ServiceNow stock. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60.

ServiceNow Trading Up 1.2 %

Shares of NYSE:NOW traded up $8.32 on Friday, hitting $731.26. 104,376 shares of the company’s stock were exchanged, compared to its average volume of 1,211,807. The stock has a market capitalization of $150.19 billion, a price-to-earnings ratio of 77.34, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. ServiceNow, Inc. has a 12 month low of $446.65 and a 12 month high of $815.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.06. The business’s 50 day simple moving average is $750.45 and its two-hundred day simple moving average is $717.57.

Institutional Investors Weigh In On ServiceNow

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of ServiceNow in the fourth quarter valued at approximately $29,000. AdvisorNet Financial Inc grew its position in shares of ServiceNow by 266.7% during the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after buying an additional 32 shares in the last quarter. Sachetta LLC purchased a new position in shares of ServiceNow during the fourth quarter valued at $35,000. Disciplined Equity Management Inc. bought a new stake in shares of ServiceNow in the fourth quarter valued at about $35,000. Finally, PFG Private Wealth Management LLC purchased a new stake in ServiceNow in the first quarter worth about $38,000. Institutional investors own 87.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NOW. Wells Fargo & Company upped their price objective on ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Needham & Company LLC restated a “buy” rating and set a $900.00 target price on shares of ServiceNow in a research report on Tuesday. William Blair reiterated an “outperform” rating on shares of ServiceNow in a research note on Tuesday. The Goldman Sachs Group lifted their target price on ServiceNow from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Oppenheimer raised their price target on ServiceNow from $750.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Three analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and a consensus target price of $807.88.

ServiceNow Company Profile

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.