ServiceNow Inc (NYSE: NOW) is 1.07% higher on its value in year-to-date trading and has touched a low of $637.99 and a high of $1157.90 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 $1057.16 in the last trading session, with the day’s gains setting it 14.32%.
Currently trading at $1071.48, the stock is 0.65% and 0.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 1.35% at the moment leaves the stock 23.38% off its SMA200. NOW registered 47.27% gain for a year compared to 6-month gain of 45.04%. The firm has a 50-day simple moving average (SMA 50) of $1064.406 and a 200-day simple moving average (SMA200) of $868.4645.
The stock witnessed a -5.17% loss in the last 1 month and extending the period to 3 months gives it a 16.61%, and is 4.58% 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 1.67% over the week and 2.29% over the month.
ServiceNow Inc (NOW) has around 22668 employees, a market worth around $220.72B and $10.46B in sales. Current P/E ratio is 166.68 and Fwd P/E is 64.51. Profit margin for the company is 12.77%. Distance from 52-week low is 67.95% and -7.46% from its 52-week high. The company has generated returns on investments over the last 12 months (11.69%).
with sales reaching $2.96B over the same period.The EPS is expected to grow by 29.00% this year, but quarterly earnings will post 22.43% year-over-year. Quarterly sales are estimated to grow 21.50% in year-over-year returns.
ServiceNow Inc (NOW) Top Institutional Holders
2738.0 institutions hold shares in ServiceNow Inc (NOW), with institutional investors hold 92.08% of the company’s shares. The shares outstanding are 206.32M, and float is at 205.16M with Short Float at 1.76%. Institutions hold 91.92% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 18.79 million shares valued at $14.78 billion. The investor’s holdings represent 9.1594% of the NOW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 17.06 million shares valued at $13.42 billion to account for 8.3171 of the shares outstanding. The other top investors are STATE STREET CORP which holds 8.85 million shares representing 4.3155% and valued at over $6.96 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 3.7602 of the shares totaling 7.71 million with a market value of $6.07 billion.
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 455 shares of the company’s common stock on Jan 16 ’25 at a price of $1058.54 per share for a total of $0.48 million. Following the sale, the insider now owns 3027.0 shares.
Still, SEC filings show that on Nov 29 ’24, Chamberlain Paul Edward (Director) disposed off 300 shares at an average price of $1047.95 for $0.31 million. The insider now directly holds 10,467 shares of ServiceNow Inc (NOW).
