Friday we watched ServiceNow rise 5.7% to a price of $464.72 per share. The large-cap Software company is now trading -10.56% below its average target price of $519.57. Analysts have set target prices ranging from $370.0 to $640.0 per share for ServiceNow, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.7%, and a short ratio of 2.71. The company's insiders own 0.28% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 91.9% of ServiceNow's shares being owned by this investor type.
Institutions Invested in ServiceNow
|2022-12-31||Vanguard Group, Inc. (The)||8%||17,096,661||$7,945,160,320|
|2022-12-31||Price (T.Rowe) Associates Inc||7%||14,835,423||$6,894,317,794|
|2022-12-31||State Street Corporation||4%||7,940,410||$3,690,067,344|
|2022-12-31||Polen Capital Management, LLC||2%||4,452,974||$2,069,386,082|
|2022-12-31||Capital Research Global Investors||2%||4,185,787||$1,945,218,939|
|2022-12-31||Capital International Investors||2%||3,738,985||$1,737,581,113|
|2022-12-31||Geode Capital Management, LLC||2%||3,510,904||$1,631,587,311|
|2022-12-31||Edgewood Management Company||2%||3,371,398||$1,566,756,082|
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on ServiceNow.