Sapient Capital LLC Has $627,000 Stock Position in ServiceNow, Inc. (NYSE:NOW)

Sapient Capital LLC lowered its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 92.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 788 shares of the information technology services provider's stock after selling 10,014 shares during the quarter. Sapient Capital LLC's holdings in ServiceNow were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOW. Quarry LP purchased a new stake in shares of ServiceNow during the fourth quarter worth about $27,000. Atala Financial Inc purchased a new stake in shares of ServiceNow during the fourth quarter worth about $28,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of ServiceNow during the fourth quarter worth about $32,000. FPC Investment Advisory Inc. increased its position in shares of ServiceNow by 725.0% during the fourth quarter. FPC Investment Advisory Inc. now owns 33 shares of the information technology services provider's stock worth $34,000 after acquiring an additional 29 shares during the last quarter. Finally, Noble Wealth Management PBC purchased a new stake in shares of ServiceNow during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 87.18% of the company's stock.

Analyst Upgrades and Downgrades

NOW has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on ServiceNow from $881.00 to $950.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Bank of America lowered their price objective on ServiceNow from $1,280.00 to $1,025.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Robert W. Baird boosted their price objective on ServiceNow from $1,010.00 to $1,150.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Scotiabank set a $1,100.00 price objective on ServiceNow and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Evercore ISI boosted their price objective on ServiceNow from $925.00 to $1,000.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, ServiceNow presently has a consensus rating of "Moderate Buy" and an average price target of $1,062.50.

ServiceNow Price Performance

NYSE NOW traded down $19.66 on Friday, reaching $987.71. 1,332,159 shares of the stock traded hands, compared to its average volume of 1,483,399. The firm's fifty day simple moving average is $944.56 and its 200 day simple moving average is $972.50. 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 company has a market cap of $204.44 billion, a price-to-earnings ratio of 144.61, a P/E/G ratio of 4.51 and a beta of 0.95. ServiceNow, Inc. has a 12 month low of $678.66 and a 12 month high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last issued 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 firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.09 billion. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. The firm's quarterly revenue was up 18.6% on a year-over-year basis. During the same period last year, the company posted $3.41 EPS. As a group, research analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Insider Buying and Selling at ServiceNow

In other news, insider Jacqueline P. Canney sold 354 shares of the firm's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $804.61, for a total transaction of $284,831.94. Following the completion of the sale, the insider now directly owns 3,027 shares of the company's stock, valued at $2,435,554.47. This trade represents a 10.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anita M. Sands sold 248 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $1,009.14, for a total value of $250,266.72. Following the sale, the director now directly owns 10,643 shares of the company's stock, valued at approximately $10,740,277.02. This represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,716 shares of company stock valued at $6,611,245. 0.38% of the stock is owned by corporate insiders.

ServiceNow 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.