NOW News

A whale with a lot of money to spend has taken a noticeably bearish stance on ServiceNow. Looking at options history for ServiceNow (NYSE:NOW) we detected 10 strange trades.

Someone with a lot of money to spend has taken a bullish stance on ServiceNow (NYSE:NOW). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

ServiceNow (NYSE:NOW) has outperformed the market over the past 5 years by 27.29% on an annualized basis producing an average annual return of 39.48%. Currently, ServiceNow has a market capitalization of $100.50 billion.

Someone with a lot of money to spend has taken a bearish stance on ServiceNow (NYSE:NOW). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Citigroup has decided to maintain its Buy rating of ServiceNow (NYSE:NOW) and raise its price target from $623.00 to $656.00. Shares of ServiceNow are trading up 5.75% over the last 24 hours, at $493.09 per share. A move to $656.00 would account for a 33.04% increase from the current share price.

According to Benzinga Pro, during Q1, ServiceNow (NYSE:NOW) earned $75.00 million, a 188.46% increase from the preceding quarter. ServiceNow also posted a total of $1.72 billion in sales, a 6.69% increase since Q4.

ServiceNow Inc (NYSE: NOW) shares are trading higher Thursday after the company reported better-than-expected financial results.