ServiceNow stock is trading -18.33% below its average target price of $796.98 after marking a 1.2% during today's morning session. Analysts are giving the Large-Cap Software company an average rating of buy and target prices ranging from $679.51 to $879.48 per share.
ServiceNow's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.4%. The stock's short ratio is 2.12. The company's insiders own 0.18% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 90.8%. In conclusion, we believe there is mixed market sentiment regarding ServiceNow.
Institutions Invested in ServiceNow
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 9% | 18,450,570 | $12,008,830,062 |
| 2024-03-31 | Blackrock Inc. | 8% | 16,144,942 | $10,508,177,517 |
| 2024-03-31 | State Street Corporation | 4% | 8,721,081 | $5,676,246,299 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 4% | 8,392,655 | $5,462,485,314 |
| 2024-03-31 | Morgan Stanley | 3% | 6,582,976 | $4,284,628,609 |
| 2024-03-31 | JP Morgan Chase & Company | 3% | 5,184,350 | $3,374,311,912 |
| 2024-03-31 | FMR, LLC | 2% | 5,079,942 | $3,306,356,400 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 4,035,551 | $2,626,598,862 |
| 2024-03-31 | Capital International Investors | 2% | 3,677,650 | $2,393,653,631 |
| 2024-03-31 | Franklin Resources, Inc. | 2% | 3,103,180 | $2,019,751,220 |
