ServiceNow (NYSE:NOW) Trading 0.8% Higher

ServiceNow, Inc. (NYSE:NOW) shares traded up 0.8% on Thursday . The company traded as high as $695.36 and last traded at $690.95. 178,515 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,209,549 shares. The stock had previously closed at $685.61.

Wall Street Analysts Forecast Growth

NOW has been the topic of several research analyst reports. KeyCorp lowered their target price on shares of ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Piper Sandler lifted their price objective on shares of ServiceNow from $750.00 to $830.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. UBS Group dropped their price objective on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. William Blair reissued an “outperform” rating on shares of ServiceNow in a research note on Thursday, April 25th. Finally, Morgan Stanley lifted their price target on shares of ServiceNow from $814.00 to $830.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $807.28.

ServiceNow Trading Up 1.1 %

The company’s 50 day moving average price is $755.91 and its 200 day moving average price is $711.97. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.06. The firm has a market cap of $142.38 billion, a PE ratio of 73.90, a price-to-earnings-growth ratio of 4.35 and a beta of 0.98.

Insider Activity at ServiceNow

In other news, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60. Following the completion of the transaction, the insider now owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO William R. Mcdermott sold 5,030 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the sale, the chief executive officer now owns 17,177 shares in the company, valued at approximately $12,935,655.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul John Smith sold 1,180 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total value of $905,201.60. Following the sale, the insider now owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The disclosure for this sale can be found here. Insiders have sold a total of 11,369 shares of company stock valued at $8,538,300 over the last 90 days. 0.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ServiceNow

A number of institutional investors and hedge funds have recently bought and sold shares of NOW. PFG Private Wealth Management LLC acquired a new position in shares of ServiceNow in the 3rd quarter valued at approximately $28,000. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of ServiceNow in the 4th quarter valued at approximately $29,000. AdvisorNet Financial Inc raised its position in shares of ServiceNow by 266.7% in the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of ServiceNow in the 3rd quarter valued at approximately $35,000. Finally, Disciplined Equity Management Inc. acquired a new position in shares of ServiceNow in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors 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.