ServiceNow (NYSE:NOW) Posts Earnings Results, Misses Estimates By $1.74 EPS

ServiceNow (NYSE:NOW) announced its quarterly earnings data on Wednesday. The information technology services provider reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.74), Zacks reports. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%.

ServiceNow Stock Performance

Shares of ServiceNow stock traded down $25.53 during trading on Wednesday, reaching $1,144.86. The company’s stock had a trading volume of 2,458,249 shares, compared to its average volume of 1,387,750. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $1,082.77 and its 200-day moving average price is $950.94. ServiceNow has a 52 week low of $637.99 and a 52 week high of $1,198.09. The firm has a market cap of $235.84 billion, a PE ratio of 178.05, a P/E/G ratio of 5.11 and a beta of 0.99.

Analysts Set New Price Targets

NOW has been the topic of several recent analyst reports. Robert W. Baird lifted their price objective on shares of ServiceNow from $900.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Canaccord Genuity Group lifted their target price on ServiceNow from $1,000.00 to $1,200.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Barclays increased their price target on ServiceNow from $980.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Citigroup increased their target price on ServiceNow from $1,071.00 to $1,432.00 and gave the stock a “buy” rating in a research note on Monday. Finally, The Goldman Sachs Group lifted their price target on shares of ServiceNow from $1,050.00 to $1,200.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,116.14.

Insider Buying and Selling

In other news, insider Jacqueline P. Canney sold 455 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $1,058.54, for a total transaction of $481,635.70. Following the sale, the insider now directly owns 3,027 shares of the company’s stock, valued at approximately $3,204,200.58. This represents a 13.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Tzitzon sold 313 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,064.60, for a total value of $333,219.80. Following the completion of the transaction, the insider now directly owns 3,649 shares of the company’s stock, valued at approximately $3,884,725.40. This trade represents a 7.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,731 shares of company stock valued at $21,016,751. 0.25% of the stock is owned by company insiders.

About ServiceNow

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.