In yesterday’s Wall Street session, ServiceNow Inc. (NYSE:NOW) shares traded at $389.85, up 3.67% from the previous session.
37 analysts cover ServiceNow Inc. (NYSE:NOW), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $641.00 and a low of $440.00, we find $515.50. Given the previous closing price of $376.05, this indicates a potential upside of 37.08 percent. NOW stock price is now -0.67% away from the 50-day moving average and -12.98% away from the 200-day moving average. The market capitalization of the company currently stands at $78.35B.
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The stock has received a hold rating from 2 analysts and a buy rating from 30. Brokers who have rated the stock have averaged $530.77 as their price target over the next twelve months.
On October 31, 2022, CapitalOne recently initiated its ‘Overweight’ rating on the stock quoting a target price of $516, while ‘MoffettNathanson’ rates the stock as ‘Outperform’.
In other news, LUDDY FREDERIC B, Director sold 6,600 shares of the company’s stock on Dec 06. The stock was sold for $2,554,284 at an average price of $387.01. Upon completion of the transaction, the Director now directly owns 30,600 shares in the company, valued at $11.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 30, Chief Customer & Partner Ofc Caimi Lara sold 672 shares of the business’s stock. A total of $279,169 was realized by selling the stock at an average price of $415.43. This leaves the insider owning 43 shares of the company worth $16763.55. Insiders disposed of 230,768 shares of company stock worth roughly $89.96 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NOW stock. A new stake in ServiceNow Inc. shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $70,968,000. DORSAL CAPITAL MANAGEMENT, LLC invested $68,224,000 in shares of NOW during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in ServiceNow Inc. valued at approximately $60,293,000. TWINBEECH CAPITAL LP acquired a new stake in NOW for approximately $47,807,000. WOLF HILL CAPITAL MANAGEMENT, LP purchased a new stake in NOW valued at around $45,457,000 in the second quarter. In total, there are 1,932 active investors with 90.80% ownership of the company’s stock.
On Thursday morning ServiceNow Inc. (NYSE: NOW) stock kicked off with the opening price of $380.95. During the past 12 months, ServiceNow Inc. has had a low of $337.00 and a high of $663.17. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for NOW is $392.47 and a two-hundred day moving average price translates $447.98 for the stock.
The latest earnings results from ServiceNow Inc. (NYSE: NOW) was released for Sep, 2022. According to the Software – Application Company, earnings per share came in at $1.96, beating analysts’ expectations of $1.84 by 0.12. This compares to $0.31 EPS in the same period last year. The net profit margin was 2.90% and return on equity was 4.90% for NOW. The company reported revenue of $1.83 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.1 percent. For the current quarter, analysts expect NOW to generate $1.94B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/02/2006. Investors who held shares on 09/26/2006 were paid a $0.317 dividend.
ServiceNow Inc.(NOW) Company Profile
ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools. The company also provides information technology (IT) service management applications; IT service management product suite for enterprise’s employees, customers, and partners; IT business management product suite; IT operations management product that connects a customer’s physical and cloud-based IT infrastructure; IT Asset Management to automate IT asset lifecycles; and security operations that connects with internal and third party. In addition, it offers governance, risk, and compliance product to manage risk and resilience; human resources, legal, and workplace service delivery products; safe workplace applications; customer service management product; and field service management applications. Further, it provides App Engine product; IntegrationHub enables application to extend workflows; and professional, industry solutions, and customer support services. It serves government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products through direct sales team and resale partners. It has a strategic partnership with Celonis to help customers identify and prioritize processes that are suitable for automation. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. The company was founded in 2004 and is headquartered in Santa Clara, California.
