ServiceNow (NYSE:NOW) Shares Up 1.1%

ServiceNow, Inc. (NYSE:NOW) traded up 1.1% during trading on Monday . The company traded as high as $725.14 and last traded at $724.62. 300,040 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 1,213,011 shares. The stock had previously closed at $716.65.

Analyst Ratings Changes

NOW has been the subject of a number of research analyst reports. Guggenheim reiterated a “neutral” rating on shares of ServiceNow in a research report on Monday, April 15th. JMP Securities restated a “market outperform” rating and set a $825.00 price objective on shares of ServiceNow in a research report on Tuesday. UBS Group decreased their target price on ServiceNow from $920.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. William Blair reaffirmed an “outperform” rating on shares of ServiceNow in a research note on Tuesday. Finally, Morgan Stanley raised their target price on shares of ServiceNow from $814.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $807.88.

ServiceNow Trading Up 1.1 %

The firm has a market capitalization of $148.14 billion, a P/E ratio of 77.14, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. The stock has a 50-day simple moving average of $751.22 and a two-hundred day simple moving average of $717.54. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.18.

Insider Activity at ServiceNow

In other news, insider Paul John Smith sold 5,159 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total value of $3,845,105.88. Following the completion of the sale, the insider now owns 5,453 shares of the company’s stock, valued at approximately $4,064,229.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Paul John Smith sold 5,159 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the completion of the sale, the insider now directly owns 5,453 shares in the company, valued at approximately $4,064,229.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the chief executive officer now owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The disclosure for this sale can be found here. Insiders sold 11,369 shares of company stock worth $8,538,300 over the last three months. 0.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ServiceNow

A number of large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of ServiceNow by 7.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,480 shares of the information technology services provider’s stock valued at $91,451,000 after acquiring an additional 12,076 shares in the last quarter. Advisor Partners II LLC raised its holdings in shares of ServiceNow by 4.7% in the third quarter. Advisor Partners II LLC now owns 5,548 shares of the information technology services provider’s stock worth $3,101,000 after buying an additional 251 shares during the last quarter. Graypoint LLC lifted its stake in shares of ServiceNow by 10.3% during the third quarter. Graypoint LLC now owns 2,559 shares of the information technology services provider’s stock worth $1,430,000 after buying an additional 240 shares during the period. AustralianSuper Pty Ltd purchased a new stake in shares of ServiceNow during the third quarter valued at $20,961,000. Finally, Whittier Trust Co. increased its position in shares of ServiceNow by 30.2% in the 3rd quarter. Whittier Trust Co. now owns 43,765 shares of the information technology services provider’s stock valued at $24,462,000 after acquiring an additional 10,155 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

About ServiceNow

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.