Shares of ServiceNow, Inc. (NOW) Sees Large Inflow of Net Money Flow

Shares of ServiceNow, Inc. (NOW) saw an erosion of -0.92 points in recent session. During the trading, the value of each share was $89.7, dropping -1.02%. The shares saw high fund-flow as the composite value of all the upticks was $79.06 million and the total value of all the downticks was a mere $34.13 million. The net money flow was seen at $44.93 million and the up/down ratio was measured at 2.32. On a weekly basis the shares of the shares has recorded a change of -0.43%.The block trade which occurred today had $44.12 million in upticks and $0 million in downticks with the up/down ratio climbing to 0. $44.12 million was the net money flow of the block transaction.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of ServiceNow, Inc. rose by 3.87% in the last five trading days and 20.66% for the last 4 weeks. ServiceNow, Inc. is up 2.04% in the last 3-month period. Year-to-Date the stock performance stands at 20.66%. ServiceNow, Inc. (NYSE:NOW) witnessed a decline in the market cap on Wednesday as its shares dropped 1.02% or 0.92 points. After the session commenced at $91.17, the stock reached the higher end at $91.17 while it hit a low of $89.39. With the volume soaring to 2,884,156 shares, the last trade was called at $89.7. The company has a 52-week high of $92.98. The company has a market cap of $14,890 million and there are 166,000,000 shares in outstanding. The 52-week low of the share price is $45.995.

Company has reported several Insider transactions to the SEC, on Jan 30, 2017, William L Strauss (director) sold 25,000 shares at 92.20 per share price.On Jan 30, 2017, David Schneider (Chief Revenue Officer) sold 12,803 shares at 89.61 per share price.On Jan 13, 2017, Frederic B Luddy (director) sold 154,000 shares at 83.16 per share price.

ServiceNow Inc Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.23. The company had revenue of $385.70 million for the quarter, compared to analysts expectations of $379.43 million. The companys revenue was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by BMO Capital Markets on Jan 26, 2017 to Outperform, Raises Price Target to $ 104 from a previous price target of $97 .Company shares were Reiterated by Mizuho on Jan 26, 2017 to Buy, Raises Price Target to $ 100 from a previous price target of $90 .ServiceNow Inc was Initiated by Wells Fargo to Market Perform on Jan 11, 2017. ServiceNow Inc was Downgraded by Piper Jaffray to Neutral on Dec 2, 2016.

ServiceNow, Inc. provides cloud-based services that automate enterprise IT operations. The Companys 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.

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