ServiceNow Inc. (NOW): Is it worth Buying?

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ServiceNow Inc. (NYSE:NOW) changes shares on Thursday trading session, with a change of 2.22% or $8.71 shares. The trading starts at $391.715 and closed at $392.93 throughout the day. The trading session low price was $385.66 and day high was $401.69 on Thursday, June 25. After the session, the Technology sector daily volume shifted to 1.29 million while its average volume is 2.25M. In other hand, the NOW market cap reached to $76.82B.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 0.15% and up 8.21% for month. Its quarterly performance was 36.27% above, while its half year performance is up 41.32%. NOW yearly performance stood at positive 45.87% and rise 42.26% for year-to-date. Current recommendation for ServiceNow Inc. is 1.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. NOW EPS (TTM) for 12-month is 3.40. EPS for this year is 27.40%, while for the next year its value is 5.36. Sales growth for the current quarter is 4.36. It has an EPS of 35.50% up for past five years and for the next five years will be up 27.09%.

Let’s take a look on the analyst recommendations on NOW for the current month and previous month. For the current month, 26 of 35 analysts recommend stock as Buy while 1 as Sell, 1 as overweight, 0 as underweight and 7 as Hold. As compared with the previous month ratings, 36 analysts participate in stock recommendation. Out of 36, 1 rated it sell, 26 rated it as Buy and 8 as Hold Ratings.

Price (T.Rowe) Associates Inc, Vanguard Group, Inc. (The) and Blackrock Inc. are the top three holders in ServiceNow Inc. (NOW) stock. On Mar 30, 2020, Price (T.Rowe) Associates Inc has 16.37 million shares which valued 4.69 billion. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 15.47 million shares which valued at 4.43 billion. On Mar 30, 2020, Blackrock Inc. has a total of 15.32 million shares which valued at 4.39 billion. In the end, Blackrock Inc. have 8.03% shares outstanding of ServiceNow Inc. (NOW) on Mar 30, 2020. The insider ownership moved to 0.10% and institutional holding shifted to 95.70%.

The company posted an EPS (TTM) of 3.40. According to the most recent quarter report on (Jun 2020), 31 analysts estimated an average EPS of 1.01, while 0.71 EPS posted a year ago period. Analyst Estimated EPS for NOW published in the report was 0.9-1.06 during the same period. Comparing with last year, the average estimated EPS was 0.71 which is lower than 1.05 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for NOW rise 32.17% for period of 200 days. SMA for 50 days was 10.40% which is showing green signal, while SMA-20 was 2.67%. The moving average value for ServiceNow Inc. (NOW) is 324.58 and 384.82 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in NOW stock. On Jun 18, LUDDY FREDERIC B, Director, sold 28,600 trading shares at the cost of $399.99, which valued at 11.44 million. On Jun 15, Briggs Teresa, Director, sold 546 shares at the cost of $378.20, with total shares of 999. On Jun 12, LUDDY FREDERIC B, Director, sold 1,213 shares at the cost of 387.62. After this transaction, LUDDY FREDERIC B total shares reached to 0 which valued at 0.47 million.