The price of ServiceNow Inc. (NYSE:NOW) shares last traded on Wall Street rose 2.87% to $577.45.
As we calculate the median target price by taking the range between a high of $665.00 and a low of $410.00, we find $549.50. Given the previous closing price of $561.34, this indicates a potential downside of -2.11 percent. NOW stock price is now 10.91% away from the 50-day moving average and 30.03% away from the 200-day moving average. The market capitalization of the company currently stands at $118.26B.
Brokers who have rated the stock have averaged $556.26 as their price target over the next twelve months.
With the price target of $660, Needham recently initiated with Buy rating for ServiceNow Inc. (NYSE: NOW).
In other news, Mastantuono Gina, Chief Financial Officer sold 386 shares of the company’s stock on Jul 10. The stock was sold for $213,458 at an average price of $553.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 6,971 shares in the company, valued at $4.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 07, Chief Financial Officer Mastantuono Gina sold 759 shares of the business’s stock. A total of $419,712 was realized by selling the stock at an average price of $552.98. This leaves the insider owning 7,357 shares of the company worth $4.25 million. Insiders disposed of 252,268 shares of company stock worth roughly $145.67 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 SUSTAINABLE GROWTH ADVISERS, LP during the first quarter worth $370,366,000. POINT72 ASSET MANAGEMENT, L.P. invested $137,826,000 in shares of NOW during the first quarter. In the first quarter, LORD, ABBETT & CO. LLC acquired a new stake in ServiceNow Inc. valued at approximately $105,267,000. WORLDQUANT MILLENNIUM ADVISORS LLC acquired a new stake in NOW for approximately $79,093,000. SUMMIT WEALTH GROUP, LLC purchased a new stake in NOW valued at around $58,501,000 in the second quarter. In total, there are 1,953 active investors with 90.80% ownership of the company’s stock.
A candlestick chart of ServiceNow Inc. (NYSE: NOW) showed a price of $566.62 on Thursday morning. During the past 12 months, ServiceNow Inc. has had a low of $337.00 and a high of $576.68. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.20, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $114.97B, which is based on a 294.32 price-to-earnings ratio, a 11.70 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for NOW is $523.18 and a two-hundred day moving average price translates $445.08 for the stock.
The latest earnings results from ServiceNow Inc. (NYSE: NOW) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at $2.37, beating analysts’ expectations of $2.04 by 0.33. This compares to $0.37 EPS in the same period last year. The net profit margin was 5.30% and return on equity was 8.30% for NOW. The company reported revenue of $2.1 billion for the quarter, compared to $1.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.72 percent. For the current quarter, analysts expect NOW to generate $2.13B 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. The company operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools. It also provides information technology (IT) service management applications; IT service management product suite for enterprise’s employees, customers, and partners; strategic portfolio management product suite; IT operations management product that connects a customer’s physical and cloud-based IT infrastructure; IT asset management; and security operations that connects with internal and third party. In addition, the company offers integrated risk management product to manage risk and resilience; environmental, social and governance management product; human resources, legal, and workplace service delivery products; safe workplace suite products; customer service management product; and field service management applications. Further, it provides App Engine product; Automation Engine enables application to extend workflows; platform privacy and security product; procurement operations management suite; and professional and customer support services. The company 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.
