ServiceNow, Inc. (NYSE:NOW) Shares Sold by Private Client Services LLC

Private Client Services LLC lessened its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 57.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 894 shares of the information technology services provider's stock after selling 1,199 shares during the period. Private Client Services LLC's holdings in ServiceNow were worth $712,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC boosted its position in shares of ServiceNow by 1.1% during the 4th quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider's stock valued at $2,919,000 after acquiring an additional 30 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of ServiceNow during the 4th quarter valued at approximately $48,802,000. Nilsine Partners LLC bought a new position in ServiceNow during the fourth quarter valued at $257,000. SteelPeak Wealth LLC bought a new position in ServiceNow during the fourth quarter valued at $357,000. Finally, Foster Group Inc. bought a new position in ServiceNow during the fourth quarter valued at $211,000. Institutional investors own 87.18% of the company's stock.

ServiceNow Stock Down 0.3%

Shares of NOW stock traded down $3.43 on Friday, hitting $1,011.80. The stock had a trading volume of 2,663,194 shares, compared to its average volume of 1,505,352. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $899.20 and a 200 day moving average price of $975.24. The company has a market cap of $209.43 billion, a PE ratio of 148.14, a P/E/G ratio of 4.51 and a beta of 0.97. ServiceNow, Inc. has a one year low of $645.45 and a one year high of $1,198.09.

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. ServiceNow had a net margin of 12.97% and a return on equity of 17.11%. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the business posted $3.41 EPS. The company's quarterly revenue was up 18.6% compared to the same quarter last year. Research analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NOW has been the subject of several research reports. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $1,003.00 price target on shares of ServiceNow in a report on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of ServiceNow in a report on Thursday, April 24th. Royal Bank of Canada raised their price objective on ServiceNow from $1,060.00 to $1,100.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Stifel Nicolaus raised their price objective on ServiceNow from $975.00 to $1,050.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen lowered ServiceNow from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,062.50.

Insider Buying and Selling

In other news, CFO Gina Mastantuono sold 292 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $985.00, for a total value of $287,620.00. Following the completion of the transaction, the chief financial officer now directly owns 11,198 shares of the company's stock, valued at approximately $11,030,030. The trade was a 2.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jacqueline P. Canney sold 66 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $1,023.00, for a total transaction of $67,518.00. Following the completion of the transaction, the insider now owns 3,027 shares of the company's stock, valued at $3,096,621. This represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,102 shares of company stock valued at $2,944,038 over the last 90 days. Corporate insiders own 0.38% of the company's stock.

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.