Stock Worth Watching: ServiceNow Inc Declines A lot Today, Is Now One of The Worst Performer

Stock Worth Watching: ServiceNow Inc Declines A lot Today, Is Now One of The Worst Performer

The stock of ServiceNow Inc (NYSE:NOW) is a huge mover today! About 2.17M shares traded hands or 55.00% up from the average. ServiceNow Inc (NYSE:NOW) has risen 30.27% since March 9, 2016 and is uptrending. It has outperformed by 22.86% the S&P500.
The move comes after 5 months negative chart setup for the $12.22 billion company. It was reported on Oct, 12 by Barchart.com. We have $70.17 PT which if reached, will make NYSE:NOW worth $855.40M less.

Analysts await ServiceNow Inc (NYSE:NOW) to report earnings on October, 19. They expect $-0.10 earnings per share, up 50.00% or $0.10 from last year’s $-0.2 per share. After $-0.25 actual earnings per share reported by ServiceNow Inc for the previous quarter, Wall Street now forecasts -60.00% EPS growth.

ServiceNow Inc (NYSE:NOW) Ratings Coverage

Out of 21 analysts covering ServiceNow Inc (NYSE:NOW), 16 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 76% are positive. ServiceNow Inc has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained ServiceNow Inc (NYSE:NOW) rating on Thursday, January 28. RBC Capital Markets has “Top Pick” rating and $85 price target. The stock of ServiceNow Inc (NYSE:NOW) has “Overweight” rating given on Thursday, April 21 by Piper Jaffray. The rating was maintained by UBS on Thursday, July 30 with “Buy”. The rating was initiated by CapitalOne on Tuesday, December 29 with “Equal Weight”. The stock of ServiceNow Inc (NYSE:NOW) earned “Buy” rating by UBS on Wednesday, December 2. The stock of ServiceNow Inc (NYSE:NOW) earned “Outperform” rating by Cowen & Co on Friday, June 24. The company was maintained on Thursday, April 21 by Goldman Sachs. The firm has “Neutral” rating by Goldman Sachs given on Friday, December 11. Piper Jaffray reinitiated the stock with “Overweight” rating in Friday, April 1 report. The stock of ServiceNow Inc (NYSE:NOW) has “Buy” rating given on Thursday, July 30 by Brean Capital.

According to Zacks Investment Research, “ServiceNow, Inc. provides cloud-based services that automate enterprise IT operations. The Company’s service includes a suite of applications built on its platform that automates workflow and integrates related business processes. It focuses on transforming enterprise IT by automating and standardizing business processes and consolidating IT across the global enterprise. ServiceNow, Inc. is based in San Diego, California.”

Insitutional Activity: The institutional sentiment increased to 1.14 in Q2 2016. Its up 0.24, from 0.9 in 2016Q1. The ratio increased, as 41 funds sold all ServiceNow Inc shares owned while 101 reduced positions. 50 funds bought stakes while 112 increased positions. They now own 156.31 million shares or 2.61% less from 160.50 million shares in 2016Q1.
Invesco Limited holds 1.97M shares or 0.05% of its portfolio. Amer Registered Inv Advisor Incorporated owns 4,844 shares or 0.15% of their US portfolio. Gateway Inv Advisers Lc owns 129,935 shares or 0.07% of their US portfolio. The Sweden-based Nordea Invest Mngmt has invested 0% in ServiceNow Inc (NYSE:NOW). Janus Capital Mgmt Ltd Com holds 0.02% or 344,207 shares in its portfolio. Envestnet Asset Mngmt reported 2,593 shares or 0% of all its holdings. Moreover, Blackrock Fund Advsrs has 0.03% invested in ServiceNow Inc (NYSE:NOW) for 1.85 million shares. Wall Street Assoc reported 3,529 shares or 0.09% of all its holdings. Omers Administration last reported 10,800 shares in the company. Ledyard Fincl Bank reported 94 shares or 0% of all its holdings. Eaton Vance Mngmt has invested 0.04% of its portfolio in ServiceNow Inc (NYSE:NOW). Next Century Growth Investors Ltd Limited Liability Company has invested 0% of its portfolio in ServiceNow Inc (NYSE:NOW). Columbus Circle Invsts holds 995,186 shares or 0.66% of its portfolio. Natixis Asset Management has 2,966 shares for 0.02% of their US portfolio. Magnetar Financial Ltd Limited Liability Company owns 7,716 shares or 0.01% of their US portfolio.

Insider Transactions: Since April 13, 2016, the stock had 0 insider purchases, and 24 sales for $92.07 million net activity. Another trade for 2,803 shares valued at $195,005 was sold by Schneider David. $1.14M worth of ServiceNow Inc (NYSE:NOW) was sold by McGee Daniel. 150,000 ServiceNow Inc (NYSE:NOW) shares with value of $9.44M were sold by LUDDY FREDERIC B. 10,000 shares were sold by STRAUSS WILLIAM L, worth $772,000 on Tuesday, September 6. Slootman Frank also sold $11.25 million worth of ServiceNow Inc (NYSE:NOW) shares.

NOW Company Profile

ServiceNow, Inc., incorporated on February 16, 2012, is a well-known provider of cloud solutions that define, structure, manage and automate services across the global enterprise. The Firm provides cloud service management and business management solutions that address the needs of various departments within an enterprise, including information technology (IT), human resources (HR), facilities, field service, marketing, customer service, security, legal and finance. The Company’s service management solutions are built on the Company’s platform that also allows clients to create, by themselves or with its partners, their own service-oriented applications for use in departments across the enterprise. The Firm markets its services to enterprises in a range of industries, including financial services, consumer products, IT services, healthcare and technology. It sells solutions primarily through direct sales and through indirect channel sales. The Firm also provides a portfolio of professional services to customers. It also provides a suite of IT activities management (ITOM) solutions that manages visibility of business services and infrastructure with a single system of record. It delivers software applications through the Internet as a service. The Firm has approximately eight paired data centers on over five continents. The Firm provides its services from data centers located in Australia, Brazil, Canada, Hong Kong, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States.

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