ServiceNow (NYSE:NOW)‘s stock had its “buy” rating restated by stock analysts at Barclays in a note issued to investors on Monday. They currently have a $150.00 price target on the information technology services provider’s stock. Barclays’ price objective would suggest a potential upside of 8.55% from the company’s current price.

Other analysts also recently issued research reports about the stock. Mizuho reaffirmed a “buy” rating on shares of ServiceNow in a report on Monday, October 16th. BMO Capital Markets reaffirmed a “buy” rating and issued a $127.00 price target on shares of ServiceNow in a report on Friday, October 13th. Robert W. Baird set a $120.00 price target on shares of ServiceNow and gave the company a “buy” rating in a report on Friday, October 6th. Summit Redstone reaffirmed a “buy” rating and issued a $135.00 price target on shares of ServiceNow in a report on Monday, September 18th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $135.00 price target on shares of ServiceNow in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-eight have issued a buy rating and three have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $132.67.

Shares of ServiceNow (NOW) opened at $138.19 on Monday. ServiceNow has a fifty-two week low of $81.29 and a fifty-two week high of $139.06. The stock has a market cap of $23,865.41, a PE ratio of -151.86 and a beta of 1.06. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.66 and a quick ratio of 1.66.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. ServiceNow had a negative net margin of 8.68% and a negative return on equity of 22.11%. The company had revenue of $498.20 million for the quarter, compared to the consensus estimate of $491.62 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. equities research analysts expect that ServiceNow will post -0.35 EPS for the current fiscal year.

In other news, CRO David Schneider sold 16,349 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $124.21, for a total value of $2,030,709.29. Following the completion of the sale, the executive now owns 67,185 shares of the company’s stock, valued at $8,345,048.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 150,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $125.96, for a total transaction of $18,894,000.00. Following the completion of the sale, the director now directly owns 216,535 shares of the company’s stock, valued at approximately $27,274,748.60. The disclosure for this sale can be found here. Insiders have sold 630,174 shares of company stock valued at $80,823,650 in the last ninety days. 3.30% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Beacon Capital Management acquired a new stake in ServiceNow during the 4th quarter valued at $0. Cullen Frost Bankers Inc. grew its holdings in ServiceNow by 0.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 3,192 shares of the information technology services provider’s stock valued at $276,000 after purchasing an additional 17 shares in the last quarter. Bessemer Group Inc. grew its holdings in ServiceNow by 0.6% during the 4th quarter. Bessemer Group Inc. now owns 4,090 shares of the information technology services provider’s stock valued at $304,000 after purchasing an additional 23 shares in the last quarter. CIBC Asset Management Inc grew its holdings in ServiceNow by 0.8% during the 2nd quarter. CIBC Asset Management Inc now owns 5,902 shares of the information technology services provider’s stock valued at $392,000 after purchasing an additional 45 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its holdings in ServiceNow by 0.3% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 18,156 shares of the information technology services provider’s stock valued at $1,572,000 after purchasing an additional 56 shares in the last quarter.

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ServiceNow Company Profile

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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