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New Big Money Means ServiceNow Inc (NOW) Investors Could Reap Benefit

ServiceNow Inc (NYSE: NOW) is 15.93% higher on its value in year-to-date trading and has touched a low of $527.24 and a high of $850.33 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 $818.80 in the last trading session, with the day’s gains setting it 0.22%.

Currently trading at $819.02, the stock is 4.12% and 7.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing 0.03% at the moment leaves the stock 11.90% off its SMA200. NOW registered 44.65% gain for a year compared to 6-month loss of 5.85%.

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The stock witnessed a 7.65% gain in the last 1 month and extending the period to 3 months gives it a 13.50%, and is 5.51% 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 1.86% over the week and 3.27% over the month.

ServiceNow Inc (NOW) has around 22668 employees, a market worth around $168.72B and $9.96B in sales. Current P/E ratio is 148.11 and Fwd P/E is 49.47. Profit margin for the company is 11.51%. Distance from 52-week low is 55.34% and -3.68% from its 52-week high. The company has generated returns on investments over the last 12 months (10.59%).

The EPS is expected to grow by 27.84% this year

The shares outstanding are 206.00M, and float is at 205.00M with Short Float at 1.49%.

ServiceNow Inc (NOW) Insider Activity

The most recent transaction is an insider sale by Canney Jacqueline P, the company’s Chief People Officer. SEC filings show that Canney Jacqueline P sold 804 shares of the company’s common stock on Aug 13 ’24 at a price of $812.00 per share for a total of $0.65 million. Following the sale, the insider now owns 3027.0 shares.

ServiceNow Inc disclosed in a document filed with the SEC on Aug 13 ’24 that Smith Paul John (Chief Commercial Officer) sold a total of 1,473 shares of the company’s common stock. The trade occurred on Aug 13 ’24 and was made at $817.86 per share for $1.2 million. Following the transaction, the insider now directly holds 5043.0 shares of the NOW stock.

Still, SEC filings show that on Aug 14 ’24, PAUL E CHAMBERLAIN (Director) Proposed Sale 135 shares at an average price of $818.80 for $0.11 million. The insider now directly holds shares of ServiceNow Inc (NOW).

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