ServiceNow (NYSE:NOW) CFO Sells $1,526,684.90 in Stock

ServiceNow, Inc. (NYSE:NOW) CFO Gina Mastantuono sold 1,762 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $866.45, for a total transaction of $1,526,684.90. Following the completion of the transaction, the chief financial officer directly owned 12,228 shares of the company’s stock, valued at $10,594,950.60. The trade was a 12.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gina Mastantuono also recently made the following trade(s):

• On Wednesday, August 13th, Gina Mastantuono sold 84 shares of ServiceNow stock. The stock was sold at an average price of $860.57, for a total transaction of $72,287.88.
• On Friday, August 8th, Gina Mastantuono sold 292 shares of ServiceNow stock. The shares were sold at an average price of $878.39, for a total transaction of $256,489.88.

ServiceNow Stock Up 0.5%

Shares of NYSE NOW opened at $891.2530 on Thursday. The firm has a market cap of $185.38 billion, a P/E ratio of 112.25, a price-to-earnings-growth ratio of 4.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. ServiceNow, Inc. has a 1 year low of $678.66 and a 1 year high of $1,198.09. The firm’s 50 day moving average price is $959.60 and its 200 day moving average price is $931.56.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.52. ServiceNow had a return on equity of 18.04% and a net margin of 13.78%.The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the previous year, the firm posted $3.13 EPS. ServiceNow’s revenue was up 22.4% on a year-over-year basis. As a group, sell-side analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Oppenheimer reissued an “outperform” rating and issued a $1,150.00 price target (up from $1,100.00) on shares of ServiceNow in a research note on Thursday, July 24th. TD Securities restated a “buy” rating and issued a $1,100.00 target price on shares of ServiceNow in a report on Thursday, April 24th. Barclays set a $1,210.00 price target on shares of ServiceNow in a research report on Thursday, July 24th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,200.00 price target on shares of ServiceNow in a report on Thursday, July 24th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $1,003.00 price objective on shares of ServiceNow in a research note on Thursday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,115.20.

Hedge Funds Weigh In On ServiceNow

Hedge funds and other institutional investors have recently made changes to their positions in the business. North Dallas Bank & Trust Co. purchased a new stake in ServiceNow during the 2nd quarter worth $422,000. B. Riley Wealth Advisors Inc. purchased a new position in ServiceNow in the second quarter valued at about $2,633,000. Newbridge Financial Services Group Inc. lifted its stake in shares of ServiceNow by 97.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 3,819 shares of the information technology services provider’s stock worth $3,926,000 after purchasing an additional 1,883 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of ServiceNow by 5.0% in the second quarter. Advisory Services Network LLC now owns 14,372 shares of the information technology services provider’s stock worth $13,554,000 after buying an additional 682 shares during the period. Finally, Asset Dedication LLC grew its stake in shares of ServiceNow by 2.1% in the second quarter. Asset Dedication LLC now owns 2,893 shares of the information technology services provider’s stock valued at $2,974,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

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.