ServiceNow Inc (NYSE:NOW)‘s stock had its “outperform” rating reaffirmed by analysts at William Blair in a research report issued to clients and investors on Sunday, Market Beat reports.

In related news, CRO David Schneider sold 3,281 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $84.77, for a total transaction of $278,130.37. Following the completion of the transaction, the executive now owns 33,094 shares in the company, valued at $2,805,378.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Frank Slootman sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $81.60, for a total value of $12,240,000.00. Following the transaction, the chief executive officer now owns 73,389 shares of the company’s stock, valued at approximately $5,988,542.40. The disclosure for this sale can be found here.

ServiceNow (NYSE:NOW) opened at 62.21 on Friday. The firm’s 50-day moving average is $80.68 and its 200 day moving average is $78.54. ServiceNow has a 12-month low of $57.67 and a 12-month high of $91.28. The company’s market cap is $9.94 billion.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, January 27th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.11. The business had revenue of $285.70 million for the quarter, compared to analysts’ expectations of $281.36 million. During the same period in the previous year, the firm posted $0.03 EPS. The firm’s revenue for the quarter was up 44.3% compared to the same quarter last year. On average, equities analysts expect that ServiceNow will post $0.61 earnings per share for the current fiscal year.

Several institutional investors have made changes to their positions in the stock. Janus Capital Management increased its position in shares of ServiceNow by 65.1% in the third quarter. Janus Capital Management now owns 1,527,589 shares of the company’s stock worth $106,091,000 after buying an additional 602,567 shares in the last quarter. Russell Frank Co increased its position in shares of ServiceNow by 47.4% in the fourth quarter. Russell Frank Co now owns 438,798 shares of the company’s stock worth $38,353,000 after buying an additional 141,072 shares in the last quarter. Strs Ohio increased its position in shares of ServiceNow by 39.1% in the fourth quarter. Strs Ohio now owns 390,020 shares of the company’s stock worth $33,760,000 after buying an additional 109,590 shares in the last quarter. California State Teachers Retirement System increased its position in shares of ServiceNow by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 284,996 shares of the company’s stock worth $24,669,000 after buying an additional 4,500 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of ServiceNow by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 199,077 shares of the company’s stock worth $17,232,000 after buying an additional 3,850 shares in the last quarter.

Other research analysts have also issued research reports about the company. Evercore ISI boosted their price objective on ServiceNow to $100.00 and gave the stock a “buy” rating in a report on Wednesday, December 2nd. Canaccord Genuity reissued a “buy” rating and set a $90.00 price objective on shares of ServiceNow in a report on Sunday, October 25th. Zacks Investment Research raised ServiceNow from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Wednesday, October 14th. MKM Partners reissued a “buy” rating and set a $90.00 price objective on shares of ServiceNow in a report on Monday, October 5th. Finally, Brean Capital reissued a “buy” rating and set a $96.00 price objective on shares of ServiceNow in a report on Tuesday, October 20th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. ServiceNow currently has an average rating of “Buy” and a consensus target price of $87.79.

ServiceNow, Inc. is a provider of cloud-based solutions that define, structure, manage and automate services across the global enterprise. The Company provides cloud-based service management solutions that address the needs of a range of departments within an organization, including IT, human resources (NYSE:NOW), facilities, field service, marketing, legal and finance. It also provides business management and IT operations management solutions that facilitate the delivery of services across the enterprise. The Company markets its services to enterprises in a variety of industries, including financial services, consumer products, IT services, health care and technology. The Company offers a portfolio of services, including Professional Services, Education Services and Customer Support. The Company provides its services from data centers located in Australia, Brazil, Canada, Hong Kong, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States.

12 Month Chart for NYSE:NOW

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