ServiceNow, Inc. (NYSE:NOW) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,202 shares of the information technology services provider's stock after purchasing an additional 275 shares during the quarter. Kestra Private Wealth Services LLC's holdings in ServiceNow were worth $4,142,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Quarry LP bought a new stake in shares of ServiceNow during the 4th quarter worth about $27,000. Bogart Wealth LLC raised its holdings in ServiceNow by 113.3% during the first quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider's stock worth $25,000 after purchasing an additional 17 shares in the last quarter. Graybill Wealth Management LTD. bought a new stake in ServiceNow during the first quarter worth approximately $26,000. Heck Capital Advisors LLC acquired a new stake in ServiceNow in the fourth quarter worth approximately $37,000. Finally, WASHINGTON TRUST Co boosted its stake in ServiceNow by 620.0% during 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. 87.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NOW has been the subject of several research analyst reports. Wall Street Zen lowered ServiceNow from a "buy" rating to a "hold" rating in a report on Monday. Citigroup boosted their price target on shares of ServiceNow from $1,128.00 to $1,160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Erste Group Bank upgraded shares of ServiceNow from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group reiterated a "buy" rating on shares of ServiceNow in a report on Thursday, April 24th. Finally, TD Securities restated a "buy" rating and set a $1,100.00 target price on shares of ServiceNow in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, ServiceNow presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,075.87.

ServiceNow Trading Up 0.4%

Shares of NYSE NOW opened at $963.43 on Monday. The business has a 50 day simple moving average of $1,006.53 and a 200 day simple moving average of $955.01. ServiceNow, Inc. has a 52 week low of $678.66 and a 52 week high of $1,198.09. The stock has a market cap of $199.41 billion, a price-to-earnings ratio of 130.90, a PEG ratio of 4.43 and a beta of 0.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12.

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

Insider Activity at ServiceNow

In other ServiceNow news, Director Jonathan Chadwick sold 770 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $931.62, for a total transaction of $717,347.40. Following the transaction, the director owned 3,205 shares in the company, valued at $2,985,842.10. This trade represents a 19.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William R. Mcdermott sold 2,050 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1,012.01, for a total transaction of $2,074,620.50. Following the completion of the sale, the chief executive officer owned 6,614 shares of the company's stock, valued at $6,693,434.14. The trade was a 23.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,601 shares of company stock valued at $6,577,363. Insiders own 0.38% of the company's stock.

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.

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