ServiceNow, Inc. (NYSE:NOW)‘s stock had its “hold” rating restated by research analysts at Piper Jaffray Companies in a research note issued to investors on Friday.

Other analysts have also issued research reports about the company. Deutsche Bank AG boosted their price target on ServiceNow from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, April 28th. Zacks Investment Research upgraded ServiceNow from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a report on Friday, April 28th. DA Davidson set a $118.00 target price on ServiceNow and gave the stock a “buy” rating in a report on Thursday, April 27th. Canaccord Genuity restated a “buy” rating and set a $110.00 target price (up previously from $105.00) on shares of ServiceNow in a report on Thursday, April 27th. Finally, BTIG Research restated a “buy” rating on shares of ServiceNow in a report on Monday, April 24th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $113.42.

ServiceNow (NOW) opened at 110.54 on Friday. ServiceNow has a 1-year low of $70.76 and a 1-year high of $115.85. The stock has a 50 day moving average price of $106.89 and a 200-day moving average price of $95.12. The stock’s market cap is $18.76 billion.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, July 26th. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $471.70 million during the quarter, compared to analyst estimates of $462.11 million. ServiceNow had a negative return on equity of 31.34% and a negative net margin of 10.60%. ServiceNow’s quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. On average, equities analysts expect that ServiceNow will post $1.17 EPS for the current year.

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In other news, Director Frederic B. Luddy sold 52,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $109.96, for a total transaction of $5,717,920.00. Following the sale, the director now directly owns 11,190 shares in the company, valued at approximately $1,230,452.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederic B. Luddy sold 102,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $110.09, for a total value of $11,229,180.00. Following the sale, the director now owns 11,190 shares in the company, valued at $1,231,907.10. The disclosure for this sale can be found here. Insiders have sold a total of 581,673 shares of company stock worth $61,196,746 over the last 90 days. Insiders own 3.30% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. raised its position in shares of ServiceNow by 0.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 3,192 shares of the information technology services provider’s stock worth $276,000 after buying an additional 17 shares in the last quarter. State Street Corp raised its position in shares of ServiceNow by 3.9% in the first quarter. State Street Corp now owns 2,817,471 shares of the information technology services provider’s stock worth $172,380,000 after buying an additional 106,720 shares in the last quarter. Glynn Capital Management LLC raised its position in shares of ServiceNow by 5.8% in the second quarter. Glynn Capital Management LLC now owns 186,493 shares of the information technology services provider’s stock worth $12,383,000 after buying an additional 10,237 shares in the last quarter. BP PLC bought a new position in shares of ServiceNow during the fourth quarter worth $1,487,000. Finally, Hanseatic Management Services Inc. bought a new position in shares of ServiceNow during the fourth quarter worth $1,647,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

About ServiceNow

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

Analyst Recommendations for ServiceNow (NYSE:NOW)

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