ServiceNow, Inc. (NYSE:NOW) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC trimmed its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 21.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,955 shares of the information technology services provider's stock after selling 541 shares during the period. Personal CFO Solutions LLC's holdings in ServiceNow were worth $1,556,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC grew its stake in shares of ServiceNow by 9.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,262 shares of the information technology services provider's stock worth $1,801,000 after buying an additional 192 shares during the last quarter. M&T Bank Corp increased its holdings in shares of ServiceNow by 2.2% during the first quarter. M&T Bank Corp now owns 36,631 shares of the information technology services provider's stock valued at $29,164,000 after acquiring an additional 774 shares in the last quarter. Exane Asset Management bought a new position in shares of ServiceNow during the first quarter valued at $1,259,000. Stratos Wealth Advisors LLC raised its position in shares of ServiceNow by 41.3% in the 1st quarter. Stratos Wealth Advisors LLC now owns 913 shares of the information technology services provider's stock worth $727,000 after purchasing an additional 267 shares during the last quarter. Finally, Liberty One Investment Management LLC boosted its stake in ServiceNow by 13.2% in the 1st quarter. Liberty One Investment Management LLC now owns 334 shares of the information technology services provider's stock worth $266,000 after purchasing an additional 39 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO William R. Mcdermott sold 2,050 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 6,614 shares in the company, valued at approximately $6,693,434.14. This represents a 23.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anita M. Sands sold 428 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $1,013.61, for a total value of $433,825.08. Following the completion of the transaction, the director directly owned 10,891 shares in the company, valued at $11,039,226.51. This trade represents a 3.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,955 shares of company stock valued at $6,862,195 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on NOW shares. Scotiabank set a $1,100.00 price objective on shares of ServiceNow and gave the company an "outperform" rating in a research note on Wednesday, May 7th. UBS Group reissued a "buy" rating and set a $1,025.00 price target (up previously from $900.00) on shares of ServiceNow in a research report on Thursday, April 24th. Piper Sandler lowered their price objective on ServiceNow from $1,200.00 to $1,120.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Oppenheimer reiterated an "outperform" rating and set a $1,100.00 target price (up from $970.00) on shares of ServiceNow in a research note on Tuesday, May 6th. Finally, Citigroup boosted their price target on ServiceNow from $1,128.00 to $1,160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. 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 given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,068.23.

ServiceNow Stock Down 1.1%

NYSE NOW traded down $11.65 on Tuesday, hitting $1,023.36. The stock had a trading volume of 1,459,490 shares, compared to its average volume of 1,485,947. ServiceNow, Inc. has a 52-week low of $678.66 and a 52-week high of $1,198.09. The business's fifty day moving average price is $1,005.88 and its 200 day moving average price is $961.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $211.82 billion, a price-to-earnings ratio of 139.04, a price-to-earnings-growth ratio of 4.80 and a beta of 0.94.

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

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.