ServiceNow Inc (NYSE:NOW) has been assigned a consensus recommendation of “Buy” from the thirty-eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, twenty-seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $148.28.
NOW has been the subject of a number of recent research reports. Mizuho reaffirmed a “buy” rating on shares of ServiceNow in a research note on Monday, October 16th. JPMorgan Chase & Co. downgraded ServiceNow from an “overweight” rating to a “neutral” rating and set a $138.00 target price for the company. in a research note on Tuesday, December 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $150.00 target price (up from $130.00) on shares of ServiceNow in a research note on Thursday, October 26th. BMO Capital Markets raised their target price on ServiceNow from $133.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Cowen reiterated a “buy” rating and set a $160.00 price target on shares of ServiceNow in a report on Monday, December 11th.
Shares of ServiceNow (NOW) traded down $1.52 on Tuesday, hitting $145.87. The company’s stock had a trading volume of 1,467,442 shares, compared to its average volume of 1,859,978. ServiceNow has a twelve month low of $83.42 and a twelve month high of $157.00. The firm has a market cap of $25,160.00, a P/E ratio of -166.63 and a beta of 1.26. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.10.
In other ServiceNow news, Director Anita M. Sands sold 1,636 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $150.51, for a total value of $246,234.36. Following the sale, the director now owns 12,704 shares of the company’s stock, valued at approximately $1,912,079.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO David Schneider sold 16,349 shares of the stock in a transaction dated 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 directly owns 67,185 shares in the company, valued at approximately $8,345,048.85. The disclosure for this sale can be found here. Insiders have sold a total of 481,810 shares of company stock valued at $62,175,884 over the last 90 days. 3.30% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. SeaBridge Investment Advisors LLC acquired a new stake in ServiceNow in the 3rd quarter valued at about $118,000. Exane Derivatives raised its position in ServiceNow by 90.3% in the 4th quarter. Exane Derivatives now owns 925 shares of the information technology services provider’s stock valued at $121,000 after purchasing an additional 439 shares in the last quarter. Cerebellum GP LLC acquired a new stake in ServiceNow in the 4th quarter valued at about $131,000. Roble Belko & Company Inc raised its position in ServiceNow by 5,263.2% in the 4th quarter. Roble Belko & Company Inc now owns 1,019 shares of the information technology services provider’s stock valued at $133,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Rockefeller Financial Services Inc. acquired a new stake in ServiceNow in the 3rd quarter valued at about $138,000.
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.
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