The stock of ServiceNow Inc (NYSE:NOW) is a huge mover today! About 1.59 million shares traded hands or 11.97% up from the average. ServiceNow Inc (NYSE:NOW) has risen 22.11% since March 16, 2016 and is uptrending. It has outperformed by 16.57% the S&P500.
The move comes after 7 months positive chart setup for the $13.35B company. It was reported on Oct, 19 by Barchart.com. We have $107.35 PT which if reached, will make NYSE:NOW worth $4.67B more.
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. The firm has “Perform” rating given on Friday, June 17 by Oppenheimer. The firm has “Buy” rating by BTIG Research given on Thursday, September 10. UBS maintained ServiceNow Inc (NYSE:NOW) rating on Wednesday, December 2. UBS has “Buy” rating and $97.0 price target. Goldman Sachs maintained it with “Neutral” rating and $68 target price in Thursday, April 21 report. On Tuesday, September 20 the stock rating was initiated by BMO Capital Markets with “Market Perform”. Goldman Sachs initiated the shares of NOW in a report on Friday, December 11 with “Neutral” rating. As per Tuesday, December 29, the company rating was initiated by CapitalOne. The stock of ServiceNow Inc (NYSE:NOW) has “Overweight” rating given on Friday, April 1 by Piper Jaffray. The stock of ServiceNow Inc (NYSE:NOW) earned “Overweight” rating by Piper Jaffray on Thursday, April 21. The stock has “Buy” rating given by Mizuho on Friday, July 15.
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 improved, 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.
Waldron Ltd Partnership accumulated 5,237 shares or 0.16% of the stock. Alliancebernstein Lp last reported 1.03 million shares in the company. Jpmorgan Chase And Company last reported 0.11% of its portfolio in the stock. The Massachusetts-based Geode Llc has invested 0.03% in ServiceNow Inc (NYSE:NOW). Next Fincl Group holds 0% or 3 shares in its portfolio. The Pennsylvania-based Nationwide Fund has invested 0.07% in ServiceNow Inc (NYSE:NOW). Gulf Intll Retail Bank (Uk) Limited holds 46,551 shares or 0.05% of its portfolio. American Natl Registered Advisor Inc last reported 0.15% of its portfolio in the stock. Nippon Life Ins accumulated 0.01% or 7,180 shares. Clinton Gp last reported 0.02% of its portfolio in the stock. D E Shaw And, a New York-based fund reported 14,267 shares. Parametrica Mgmt Limited accumulated 0.31% or 3,092 shares. Clearbridge Investments Ltd accumulated 0% or 17,341 shares. The New York-based Allen Operations Ltd has invested 4.33% in ServiceNow Inc (NYSE:NOW). Kanaly Tru, a Texas-based fund reported 10 shares.
Insider Transactions: Since April 20, 2016, the stock had 0 insider buys, and 22 insider sales for $87.59 million net activity. Schneider David sold $806,167 worth of stock. Another trade for 9,316 shares valued at $698,700 was made by McGee Daniel on Friday, August 5. 199,000 shares with value of $15.26M were sold by LUDDY FREDERIC B on Wednesday, September 21. 10,000 shares were sold by STRAUSS WILLIAM L, worth $772,000. Another trade for 150,000 shares valued at $11.25 million was made by Slootman Frank on Tuesday, August 9.
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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