Insider Selling: ServiceNow (NYSE:NOW) Insider Sells $147,994.00 in Stock

ServiceNow, Inc. (NYSE:NOW) insider Kevin Thomas Mcbride sold 1,400 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $105.71, for a total value of $147,994.00. Following the transaction, the insider owned 26,314 shares of the company’s stock, valued at $2,781,652.94. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ServiceNow Stock Up 3.7%

Shares of NYSE:NOW opened at $107.06 on Monday. The company’s fifty day moving average is $138.14 and its 200-day moving average is $164.37. 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 52 week low of $98.00 and a 52 week high of $211.48. The company has a market capitalization of $111.99 billion, a PE ratio of 64.19, a P/E/G ratio of 1.81 and a beta of 0.98.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.53 billion. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the company posted $0.73 EPS. Equities research analysts predict that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ServiceNow

Several large investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its stake in ServiceNow by 1.1% in the fourth quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider’s stock valued at $2,919,000 after buying an additional 30 shares during the period. Sivia Capital Partners LLC increased its stake in shares of ServiceNow by 4.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 837 shares of the information technology services provider’s stock valued at $861,000 after acquiring an additional 34 shares during the last quarter. Cornerstone Advisory LLC increased its stake in shares of ServiceNow by 13.8% in the 2nd quarter. Cornerstone Advisory LLC now owns 264 shares of the information technology services provider’s stock valued at $271,000 after acquiring an additional 32 shares during the last quarter. Moran Wealth Management LLC raised its position in shares of ServiceNow by 8.3% in the 2nd quarter. Moran Wealth Management LLC now owns 1,274 shares of the information technology services provider’s stock valued at $1,310,000 after acquiring an additional 98 shares during the period. Finally, Axxcess Wealth Management LLC raised its position in shares of ServiceNow by 98.4% in the 2nd quarter. Axxcess Wealth Management LLC now owns 1,488 shares of the information technology services provider’s stock valued at $1,530,000 after acquiring an additional 738 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. DZ Bank upgraded ServiceNow to a “strong-buy” rating in a research report on Thursday, December 18th. UBS Group set a $115.00 price objective on ServiceNow in a research note on Thursday, January 29th. Capital One Financial lowered their target price on ServiceNow from $188.00 to $161.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Guggenheim upgraded shares of ServiceNow from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 16th. Finally, Citigroup increased their price objective on shares of ServiceNow from $235.00 to $237.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and an average target price of $192.06.

ServiceNow Company Profile

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.