ServiceNow, Inc. (NYSE:NOW) CFO Sells $287,620.00 in Stock

by · The Markets Daily

ServiceNow, Inc. (NYSE:NOW – Get Free Report) CFO Gina Mastantuono sold 292 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $985.00, for a total transaction of $287,620.00. Following the completion of the transaction, the chief financial officer now owns 11,198 shares in the company, valued at approximately $11,030,030. The trade was a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Gina Mastantuono also recently made the following trade(s):

  • On Friday, February 21st, Gina Mastantuono sold 4,442 shares of ServiceNow stock. The stock was sold at an average price of $964.70, for a total transaction of $4,285,197.40.

ServiceNow Stock Performance

Shares of ServiceNow stock opened at $981.13 on Friday. ServiceNow, Inc. has a 12 month low of $637.99 and a 12 month high of $1,198.09. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The stock has a market cap of $203.09 billion, a PE ratio of 143.65, a price-to-earnings-growth ratio of 4.51 and a beta of 0.97. The business has a fifty day simple moving average of $844.85 and a 200-day simple moving average of $970.05.

ServiceNow (NYSE:NOW – Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.78 by $0.26. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.09 billion. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period last year, the company posted $3.41 EPS. On average, sell-side analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

ServiceNow declared that its board has authorized a stock buyback plan on Wednesday, January 29th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

NOW has been the subject of several recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,048.00 target price on shares of ServiceNow in a report on Thursday, April 24th. Erste Group Bank raised shares of ServiceNow from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 30th. Jefferies Financial Group dropped their price objective on shares of ServiceNow from $1,250.00 to $1,025.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. William Blair reissued an “outperform” rating on shares of ServiceNow in a research note on Friday, March 7th. Finally, Citigroup raised their price target on shares of ServiceNow from $1,128.00 to $1,160.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,048.55.

Read Our Latest Research Report on NOW

Institutional Investors Weigh In On ServiceNow

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in shares of ServiceNow during the first quarter worth $1,966,000. Waycross Partners LLC acquired a new stake in shares of ServiceNow during the 1st quarter valued at about $14,226,000. Ontario Teachers Pension Plan Board grew its stake in shares of ServiceNow by 27.1% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 690 shares of the information technology services provider’s stock valued at $549,000 after buying an additional 147 shares in the last quarter. Deutsche Bank AG increased its holdings in ServiceNow by 24.0% in the first quarter. Deutsche Bank AG now owns 1,522,141 shares of the information technology services provider’s stock worth $1,211,837,000 after buying an additional 295,080 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in ServiceNow by 10.3% during the first quarter. Chicago Partners Investment Group LLC now owns 826 shares of the information technology services provider’s stock valued at $658,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

About ServiceNow

(Get Free Report)

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.

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