RFG Advisory LLC Sells 264 Shares of ServiceNow, Inc. (NYSE:NOW)

RFG Advisory LLC cut its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 5.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,646 shares of the information technology services provider's stock after selling 264 shares during the quarter. RFG Advisory LLC's holdings in ServiceNow were worth $3,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP purchased a new position in shares of ServiceNow in the fourth quarter worth $27,000. Atala Financial Inc purchased a new position in shares of ServiceNow in the fourth quarter valued at about $28,000. LFA Lugano Financial Advisors SA bought a new position in shares of ServiceNow during the fourth quarter valued at about $32,000. Noble Wealth Management PBC purchased a new stake in shares of ServiceNow during the fourth quarter worth about $34,000. Finally, FPC Investment Advisory Inc. increased its holdings in ServiceNow by 725.0% during the 4th quarter. FPC Investment Advisory Inc. now owns 33 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 29 shares during the period. 87.18% of the stock is currently owned by institutional investors.

Insider Transactions at ServiceNow

In related news, insider Jacqueline P. Canney sold 354 shares of ServiceNow stock in a transaction 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 approximately $2,435,554.47. The trade was a 10.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Russell S. Elmer sold 62 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $1,023.00, for a total value of $63,426.00. Following the sale, the general counsel now directly owns 4,332 shares in the company, valued at approximately $4,431,636. This represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,716 shares of company stock worth $6,611,245 in the last 90 days. 0.38% of the stock is currently owned by insiders.

ServiceNow Stock Performance

NOW traded up $5.07 during midday trading on Thursday, hitting $1,017.81. 902,286 shares of the company traded hands, compared to its average volume of 1,490,366. The company's 50-day moving average is $910.63 and its 200 day moving average is $974.82. ServiceNow, Inc. has a 52 week low of $676.19 and a 52 week high of $1,198.09. The firm has a market capitalization of $210.67 billion, a PE ratio of 149.02, a price-to-earnings-growth ratio of 4.51 and a beta of 0.97. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.78 by $0.26. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. The business's quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.41 EPS. On average, research analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on NOW. Citigroup increased their price objective on ServiceNow from $1,128.00 to $1,160.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. BMO Capital Markets raised their price target on ServiceNow from $1,025.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. TD Securities reiterated a "buy" rating and issued a $1,100.00 price target on shares of ServiceNow in a report on Thursday, April 24th. Guggenheim boosted their price objective on shares of ServiceNow from $716.00 to $724.00 and gave the company a "sell" rating in a research report on Thursday, April 24th. Finally, Redburn Atlantic assumed coverage on shares of ServiceNow in a research report on Wednesday, February 19th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,062.50.

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.