Susan L. Bostrom Sells 19,673 Shares of ServiceNow Inc (NOW) Stock

ServiceNow Inc (NYSE:NOW) Director Susan L. Bostrom sold 19,673 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $142.24, for a total value of $2,798,287.52. Following the completion of the sale, the director now owns 7,079 shares of the company’s stock, valued at $1,006,916.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of ServiceNow Inc (NYSE:NOW) traded up $0.29 during mid-day trading on Tuesday, reaching $147.55. The company had a trading volume of 1,430,000 shares, compared to its average volume of 2,010,000. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $25,190.00, a price-to-earnings ratio of -169.60, a price-to-earnings-growth ratio of 30.87 and a beta of 1.26. ServiceNow Inc has a 1 year low of $83.42 and a 1 year high of $157.00.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, January 31st. The information technology services provider reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. The firm had revenue of $546.37 million during the quarter, compared to analyst estimates of $532.74 million. ServiceNow had a negative return on equity of 24.97% and a negative net margin of 7.71%. The company’s revenue was up 41.7% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. analysts expect that ServiceNow Inc will post 0.1 EPS for the current year.

A number of analysts have recently weighed in on NOW shares. UBS Group raised their target price on ServiceNow from $128.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered ServiceNow from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. JPMorgan Chase & Co. lowered 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. Cowen restated a “buy” rating and issued a $160.00 target price on shares of ServiceNow in a research note on Monday, December 11th. Finally, Mizuho restated a “buy” rating on shares of ServiceNow in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company. ServiceNow currently has an average rating of “Buy” and a consensus price target of $148.97.

Several institutional investors have recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of ServiceNow by 162.5% during the 4th quarter. American Century Companies Inc. now owns 1,771,319 shares of the information technology services provider’s stock worth $230,962,000 after buying an additional 1,096,491 shares during the period. Westfield Capital Management Co. LP grew its position in shares of ServiceNow by 3.7% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,085,501 shares of the information technology services provider’s stock worth $127,579,000 after buying an additional 38,301 shares during the period. Janus Henderson Group PLC grew its position in shares of ServiceNow by 2.6% during the 3rd quarter. Janus Henderson Group PLC now owns 882,934 shares of the information technology services provider’s stock worth $103,776,000 after buying an additional 22,406 shares during the period. Legal & General Group Plc grew its position in shares of ServiceNow by 2.2% during the 3rd quarter. Legal & General Group Plc now owns 698,975 shares of the information technology services provider’s stock worth $82,151,000 after buying an additional 14,823 shares during the period. Finally, Swiss National Bank grew its position in shares of ServiceNow by 3.2% during the 3rd quarter. Swiss National Bank now owns 626,200 shares of the information technology services provider’s stock worth $73,597,000 after buying an additional 19,600 shares during the period.

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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.

Insider Buying and Selling by Quarter for ServiceNow (NYSE:NOW)

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