Flagship Harbor Advisors LLC Has $1.77 Million Stock Position in ServiceNow, Inc. (NYSE:NOW)

Flagship Harbor Advisors LLC boosted its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 35.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,223 shares of the information technology services provider's stock after acquiring an additional 577 shares during the period. Flagship Harbor Advisors LLC's holdings in ServiceNow were worth $1,770,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in shares of ServiceNow by 1.5% in the 4th quarter. Janus Henderson Group PLC now owns 824,725 shares of the information technology services provider's stock valued at $874,258,000 after buying an additional 12,533 shares during the period. FMR LLC grew its holdings in shares of ServiceNow by 4.9% in the 4th quarter. FMR LLC now owns 5,878,900 shares of the information technology services provider's stock valued at $6,232,339,000 after buying an additional 272,506 shares during the period. Duncker Streett & Co. Inc. grew its holdings in shares of ServiceNow by 4.8% in the 4th quarter. Duncker Streett & Co. Inc. now owns 6,376 shares of the information technology services provider's stock valued at $6,759,000 after buying an additional 290 shares during the period. Nicholas Investment Partners LP grew its holdings in shares of ServiceNow by 223.5% in the 4th quarter. Nicholas Investment Partners LP now owns 2,805 shares of the information technology services provider's stock valued at $2,974,000 after buying an additional 1,938 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in ServiceNow by 18.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 196,783 shares of the information technology services provider's stock worth $209,103,000 after purchasing an additional 31,125 shares during the period. Institutional investors and hedge funds own 87.18% of the company's stock.

ServiceNow Stock Performance

ServiceNow stock traded up $9.63 during trading hours on Wednesday, hitting $1,005.95. The company had a trading volume of 1,191,927 shares, compared to its average volume of 1,483,927. The firm has a market cap of $208.21 billion, a PE ratio of 136.68, a PEG ratio of 4.58 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12. ServiceNow, Inc. has a one year low of $678.66 and a one year high of $1,198.09. The firm has a 50-day moving average of $975.77 and a 200 day moving average of $968.70.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NOW. Barclays set a $1,085.00 target price on shares of ServiceNow in a research note on Wednesday, May 7th. Wall Street Zen lowered shares of ServiceNow from a "buy" rating to a "hold" rating in a research note on Monday, June 9th. Jefferies Financial Group reduced their target price on shares of ServiceNow from $1,250.00 to $1,025.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. TD Securities reaffirmed a "buy" rating and issued a $1,100.00 target price on shares of ServiceNow in a research note on Thursday, April 24th. Finally, Evercore ISI upped their target price on shares of ServiceNow from $925.00 to $1,000.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,065.32.

Insiders Place Their Bets

In other ServiceNow news, insider Jacqueline P. Canney sold 354 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $804.61, for a total transaction of $284,831.94. Following the transaction, the insider now owns 3,027 shares in the company, valued at $2,435,554.47. This represents a 10.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William R. Mcdermott sold 2,050 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was 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 now owns 6,614 shares in the company, valued at approximately $6,693,434.14. The trade was a 23.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,716 shares of company stock worth $6,611,245 in the last quarter. Corporate insiders own 0.38% of the company's stock.

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.