Calton & Associates Inc. Takes $4.46 Million Position in ServiceNow, Inc. (NYSE:NOW)

Calton & Associates Inc. purchased a new position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 5,601 shares of the information technology services provider's stock, valued at approximately $4,459,000.

Several other large investors also recently made changes to their positions in NOW. Quarry LP purchased a new position in ServiceNow in the 4th quarter valued at approximately $27,000. Bogart Wealth LLC grew its stake in ServiceNow by 113.3% in the 1st quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider's stock valued at $25,000 after buying an additional 17 shares in the last quarter. Graybill Wealth Management LTD. purchased a new position in ServiceNow in the 1st quarter valued at approximately $26,000. Heck Capital Advisors LLC purchased a new position in shares of ServiceNow during the 4th quarter valued at $37,000. Finally, WASHINGTON TRUST Co grew its position in shares of ServiceNow by 620.0% during the 1st quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 31 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NOW shares. Sanford C. Bernstein reiterated an "outperform" rating and issued a $1,003.00 target price on shares of ServiceNow in a research report on Thursday, April 24th. Needham & Company LLC restated a "buy" rating and set a $1,050.00 price target on shares of ServiceNow in a research report on Tuesday, May 6th. Wall Street Zen raised shares of ServiceNow from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. BMO Capital Markets upped their price objective on shares of ServiceNow from $1,025.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ServiceNow from $1,200.00 to $970.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,075.87.

ServiceNow Trading Up 0.4%

ServiceNow stock traded up $4.28 during trading hours on Friday, hitting $963.43. The company had a trading volume of 1,153,834 shares, compared to its average volume of 1,487,823. ServiceNow, Inc. has a 1 year low of $678.66 and a 1 year high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $199.41 billion, a P/E ratio of 130.90, a P/E/G ratio of 4.43 and a beta of 0.94. The company has a 50-day moving average price of $1,006.53 and a two-hundred day moving average price of $955.70.

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

Insider Activity at ServiceNow

In other news, CEO William R. Mcdermott sold 2,050 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1,012.01, for a total value of $2,074,620.50. Following the sale, the chief executive officer directly owned 6,614 shares of the company's stock, valued at $6,693,434.14. This represents a 23.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anita M. Sands sold 239 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $1,050.00, for a total transaction of $250,950.00. Following the completion of the sale, the director directly owned 10,404 shares in the company, valued at $10,924,200. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,601 shares of company stock worth $6,577,363 in the last 90 days. 0.38% of the stock is owned by insiders.

About ServiceNow

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.