ServiceNow Inc (NYSE: NOW) is 10.33% higher on its value in year-to-date trading and has touched a low of $414.80 and a high of $815.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NOW stock was last observed hovering at around $776.88 in the last trading session, with the day’s gains setting it 2.61%.
Currently trading at $779.49, the stock is 1.66% and 3.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 0.34% at the moment leaves the stock 23.14% off its SMA200. NOW registered 83.61% gain for a year compared to 6-month gain of 31.81%. The firm has a 50-day simple moving average (SMA 50) of $17.52 and a 200-day simple moving average (SMA200) of $98.62.
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The stock witnessed a 0.74% loss in the last 1 month and extending the period to 3 months gives it a 8.79%, and is 1.49% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.19% over the week and 2.71% over the month.
ServiceNow Inc (NOW) has around 22668 employees, a market worth around $159.80B and $8.97B in sales. Current P/E ratio is 92.61 and Fwd P/E is 48.71. Profit margin for the company is 19.30%. Distance from 52-week low is 87.92% and -4.39% from its 52-week high. The company has generated returns on investments over the last 12 months (17.62%).
ServiceNow Inc quarterly earnings per share for the current quarter are estimated at $3.14 with sales reaching $2.59B over the same period.The EPS is expected to grow by 22.11% this year, but quarterly earnings will post 21.40% year-over-year. Quarterly sales are estimated to grow 23.50% in year-over-year returns.
2,400 institutions hold shares in ServiceNow Inc (NOW), with institutional investors hold 91.19% of the company’s shares. The shares outstanding are 204.72M, and float is at 203.92M with Short Float at 1.48%. Institutions hold 91.00% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 17.63 million shares valued at $9.91 billion. The investor’s holdings represent 8.64% of the NOW Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 15.08 million shares valued at $8.48 billion to account for 7.39% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 10.26 million shares representing 5.03% and valued at over $5.77 billion, while State Street Corporation holds 4.04% of the shares totaling 8.24 million with a market value of $4.63 billion.
ServiceNow Inc (NOW) Insider Activity
The most recent transaction is an insider sale by Smith Paul John, the company’s Chief Commercial Officer. SEC filings show that Smith Paul John sold 2,600 shares of the company’s common stock on Feb 27 ’24 at a price of $767.27 per share for a total of $1.99 million. Following the sale, the insider now owns 2853.0 shares.
ServiceNow Inc disclosed in a document filed with the SEC on Feb 26 ’24 that Bedi Christopher (Chief Digital Information Ofc) sold a total of 3,200 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $786.32 per share for $2.52 million. Following the transaction, the insider now directly holds 15463.0 shares of the NOW stock.
Still, SEC filings show that on Feb 20 ’24, McDermott William R (Chairman & CEO) disposed off 30,489 shares at an average price of $746.72 for $22.77 million. The insider now directly holds 0 shares of ServiceNow Inc (NOW).
