Insider Selling: ServiceNow, Inc. (NYSE:NOW) Insider Sells 190 Shares of Stock

ServiceNow, Inc. (NYSE:NOW) insider Paul John Smith sold 190 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $718.78, for a total transaction of $136,568.20. Following the completion of the transaction, the insider now directly owns 3,010 shares of the company’s stock, valued at $2,163,527.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Paul John Smith also recently made the following trade(s):

• On Tuesday, February 20th, Paul John Smith sold 5,159 shares of ServiceNow stock. The stock was sold at an average price of $745.32, for a total transaction of $3,845,105.88.
• On Tuesday, February 13th, Paul John Smith sold 1,180 shares of ServiceNow stock. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60.

ServiceNow Stock Up 0.3 %

Shares of ServiceNow stock traded up $2.13 on Thursday, hitting $723.16. The company had a trading volume of 1,050,016 shares, compared to its average volume of 1,224,649. The firm has a market capitalization of $148.52 billion, a P/E ratio of 77.32, a P/E/G ratio of 4.50 and a beta of 0.98. ServiceNow, Inc. has a twelve month low of $446.25 and a twelve month high of $815.32. 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 stock has a 50-day moving average of $750.45 and a 200-day moving average of $717.57.

Institutional Trading of ServiceNow

Institutional investors have recently made changes to their positions in the business. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of ServiceNow in the fourth quarter worth $29,000. AdvisorNet Financial Inc lifted its position in shares of ServiceNow by 266.7% in the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 32 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of ServiceNow in the third quarter worth $35,000. Disciplined Equity Management Inc. bought a new stake in shares of ServiceNow in the fourth quarter worth $35,000. Finally, Sachetta LLC bought a new stake in shares of ServiceNow in the fourth quarter worth $35,000. Institutional investors own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

NOW has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Oppenheimer boosted their price target on shares of ServiceNow from $750.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. UBS Group dropped their price target 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 Tuesday. Finally, Robert W. Baird boosted their price target on shares of ServiceNow from $870.00 to $885.00 and gave the stock an “outperform” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and an average price target of $807.88.

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.