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ServiceNow's strong earnings and growth drew bank investments, despite insider selling.
Exchange Bank and Emprise Bank each invested approximately $220,000 in ServiceNow, Inc. during the second quarter, acquiring 213 and 215 shares respectively.
The company reported $3.22 billion in revenue, a 22.4% year-over-year increase, with a net margin of 13.78% and return on equity of 18.04%.
ServiceNow's stock, valued at $197.24 billion, has a P/E ratio of 119.43 and an average analyst rating of "Moderate Buy" with a target price of $1,115.20.
Despite positive analyst sentiment, two insiders sold shares in August, contributing to a recent insider selling trend.
The company's EPS of $4.09 surpassed estimates, reflecting strong performance in its intelligent workflow automation platform.
Las fuertes ganancias y el crecimiento de ServiceNow atrajeron inversiones bancarias, a pesar de la venta de información privilegiada.