ServiceNow, Inc. (NYSE:NOW) Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lowered its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,107 shares of the information technology services provider's stock after selling 976 shares during the quarter. Braun Stacey Associates Inc.'s holdings in ServiceNow were worth $26,358,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NOW. Quarry LP purchased a new position in shares of ServiceNow in the fourth quarter valued at $27,000. Atala Financial Inc purchased a new position in shares of ServiceNow in the fourth quarter valued at $28,000. WASHINGTON TRUST Co increased its position in shares of ServiceNow by 620.0% in the first quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider's stock valued at $29,000 after buying an additional 31 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of ServiceNow in the fourth quarter valued at $32,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of ServiceNow in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 87.18% of the company's stock.

Insider Buying and Selling at ServiceNow

In other news, CEO William R. Mcdermott sold 2,050 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1,012.01, for a total transaction of $2,074,620.50. Following the transaction, the chief executive officer directly owned 6,614 shares of the company's stock, valued at approximately $6,693,434.14. The trade was a 23.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Chadwick sold 770 shares of the business's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $931.62, for a total transaction of $717,347.40. Following the transaction, the director directly owned 3,205 shares in the company, valued at approximately $2,985,842.10. The trade was a 19.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,716 shares of company stock valued at $6,611,245. 0.38% of the stock is owned by company insiders.

ServiceNow Trading Up 3.6%

Shares of NYSE:NOW traded up $36.27 during trading on Friday, reaching $1,046.03. 1,205,886 shares of the stock were exchanged, compared to its average volume of 1,487,467. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12. ServiceNow, Inc. has a 12-month low of $678.66 and a 12-month high of $1,198.09. The firm has a market cap of $216.51 billion, a price-to-earnings ratio of 142.12, a price-to-earnings-growth ratio of 4.80 and a beta of 0.94. The firm's 50-day moving average price is $1,003.94 and its 200 day moving average price is $962.97.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.78 by $0.26. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.09 billion. ServiceNow had a return on equity of 17.34% and a net margin of 13.41%. ServiceNow's revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.41 EPS. On average, sell-side analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NOW shares. Wells Fargo & Company lifted their price objective on ServiceNow from $1,100.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. TD Securities reiterated a "buy" rating and set a $1,100.00 price objective on shares of ServiceNow in a research report on Thursday, April 24th. Guggenheim lifted their price objective on ServiceNow from $716.00 to $724.00 and gave the stock a "sell" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on ServiceNow from $1,200.00 to $970.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $1,048.00 price objective on shares of ServiceNow in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,068.23.

ServiceNow Company Profile

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.