NOW Shares In Range of 52 Week High

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

Date Reported Holder Percentage Shares Value
2022-12-31 Vanguard Group, Inc. (The) 8% 17,096,661 $7,945,160,320
2022-12-31 Blackrock Inc. 8% 15,771,514 $7,329,338,005
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 Morgan Stanley 3% 7,071,786 $3,286,400,398
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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.