ServiceNow, Inc. (NYSE:NOW) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of ServiceNow, Inc. (NYSE:NOW - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-seven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $923.00.

A number of research analysts have commented on NOW shares. Canaccord Genuity Group reaffirmed a "buy" rating and set a $835.00 target price on shares of ServiceNow in a report on Tuesday, July 23rd. Citigroup upped their target price on shares of ServiceNow from $915.00 to $1,068.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. KeyCorp decreased their price objective on ServiceNow from $950.00 to $920.00 and set an "overweight" rating for the company in a report on Tuesday, July 2nd. Robert W. Baird boosted their target price on ServiceNow from $885.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Finally, Truist Financial upped their price target on shares of ServiceNow from $750.00 to $780.00 and gave the company a "hold" rating in a report on Thursday, July 25th.

Insider Transactions at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 187 shares of the business's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $795.58, for a total transaction of $148,773.46. Following the sale, the insider now directly owns 3,779 shares of the company's stock, valued at $3,006,496.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Paul John Smith sold 187 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $795.58, for a total value of $148,773.46. Following the sale, the insider now directly owns 3,779 shares of the company's stock, valued at approximately $3,006,496.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 94 shares of ServiceNow stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $825.92, for a total value of $77,636.48. Following the transaction, the insider now owns 4,019 shares of the company's stock, valued at $3,319,372.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,267 shares of company stock valued at $5,935,447 over the last three months. Company insiders own 0.25% of the company's stock.

Institutional Investors Weigh In On ServiceNow

Several hedge funds have recently added to or reduced their stakes in NOW. Axecap Investments LLC acquired a new position in ServiceNow in the 3rd quarter valued at about $985,000. Sterling Investment Counsel LLC boosted its holdings in shares of ServiceNow by 5.6% during the third quarter. Sterling Investment Counsel LLC now owns 1,603 shares of the information technology services provider's stock worth $1,434,000 after acquiring an additional 85 shares during the period. Greenleaf Trust lifted its holdings in shares of ServiceNow by 3.1% during the third quarter. Greenleaf Trust now owns 3,700 shares of the information technology services provider's stock worth $3,309,000 after buying an additional 110 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of ServiceNow by 44.0% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 1,076 shares of the information technology services provider's stock valued at $963,000 after acquiring an additional 329 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC acquired a new stake in ServiceNow in the 3rd quarter worth about $214,000. Institutional investors and hedge funds own 87.18% of the company's stock.

ServiceNow Stock Down 0.0 %

Shares of NOW traded down $0.42 during midday trading on Tuesday, reaching $917.92. 1,141,809 shares of the company were exchanged, compared to its average volume of 1,272,361. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $878.83 and a 200-day moving average price of $794.29. The company has a market cap of $188.17 billion, a price-to-earnings ratio of 98.17, a P/E/G ratio of 5.63 and a beta of 0.99. ServiceNow has a 1-year low of $527.24 and a 1-year high of $949.59.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.28. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.61 billion. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The business's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. Research analysts expect that ServiceNow will post 6.78 earnings per share for the current year.

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.