Atria Investments Inc Sells 3,163 Shares of ServiceNow, Inc. (NYSE:NOW)

Atria Investments Inc reduced its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,863 shares of the information technology services provider's stock after selling 3,163 shares during the period. Atria Investments Inc's holdings in ServiceNow were worth $17,406,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its stake in shares of ServiceNow by 113.3% in the first quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider's stock worth $25,000 after acquiring an additional 17 shares in the last quarter. Graybill Wealth Management LTD. acquired a new stake in ServiceNow during the 1st quarter valued at approximately $26,000. Quarry LP purchased a new stake in ServiceNow during the 4th quarter worth approximately $27,000. WASHINGTON TRUST Co raised its position in shares of ServiceNow by 620.0% in the 1st quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 31 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in ServiceNow in the fourth quarter valued at $37,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ServiceNow

In related news, Director Anita M. Sands sold 428 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $1,013.61, for a total transaction of $433,825.08. Following the completion of the sale, the director directly owned 10,891 shares of the company's stock, valued at approximately $11,039,226.51. This trade represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jacqueline P. Canney sold 257 shares of ServiceNow stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $985.00, for a total transaction of $253,145.00. Following the completion of the sale, the insider directly owned 3,027 shares in the company, valued at approximately $2,981,595. This represents a 7.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,233 shares of company stock valued at $5,297,758 in the last quarter. Insiders own 0.38% of the company's stock.

ServiceNow Price Performance

Shares of NOW stock traded up $16.07 on Monday, hitting $984.86. 786,029 shares of the company's stock were exchanged, compared to its average volume of 1,690,648. ServiceNow, Inc. has a 12 month low of $678.66 and a 12 month high of $1,198.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The company has a 50 day moving average of $1,000.33 and a 200 day moving average of $951.85. The stock has a market cap of $203.85 billion, a P/E ratio of 124.24, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.52. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.12 billion. ServiceNow had a net margin of 13.78% and a return on equity of 18.04%. The firm's quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the company posted $3.13 EPS. On average, equities research analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

NOW has been the topic of several recent research reports. Erste Group Bank reissued a "hold" rating on shares of ServiceNow in a report on Wednesday, July 23rd. Mizuho upped their price objective on shares of ServiceNow from $1,050.00 to $1,100.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Wall Street Zen cut shares of ServiceNow from a "buy" rating to a "hold" rating in a report on Monday, July 21st. Truist Financial upgraded ServiceNow from a "hold" rating to a "buy" rating and increased their price objective for the stock from $950.00 to $1,200.00 in a report on Thursday, May 1st. Finally, FBN Securities upgraded ServiceNow to a "strong-buy" rating in a research note on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, ServiceNow has a consensus rating of "Moderate Buy" and a consensus target price of $1,115.20.

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.