Dohj LLC Cuts Position in ServiceNow, Inc. (NYSE:NOW)

Dohj LLC lowered its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 19.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,122 shares of the information technology services provider's stock after selling 269 shares during the quarter. Dohj LLC's holdings in ServiceNow were worth $893,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NOW. Quarry LP purchased a new position in shares of ServiceNow in the fourth quarter worth $27,000. Atala Financial Inc bought a new stake in ServiceNow in the fourth quarter worth $28,000. LFA Lugano Financial Advisors SA bought a new stake in shares of ServiceNow in the 4th quarter worth about $32,000. Noble Wealth Management PBC bought a new stake in ServiceNow in the fourth quarter worth about $34,000. Finally, FPC Investment Advisory Inc. boosted 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 acquiring an additional 29 shares during the period. Institutional investors own 87.18% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NOW shares. TD Securities reissued a "buy" rating and issued a $1,100.00 price objective on shares of ServiceNow in a research report on Thursday, April 24th. Wells Fargo & Company lifted their target price on ServiceNow from $1,100.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Redburn Atlantic started coverage on shares of ServiceNow in a report on Wednesday, February 19th. They issued a "buy" rating on the stock. 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 report on Thursday, June 12th. Finally, Bank of America cut their target price on ServiceNow from $1,280.00 to $1,025.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,062.50.

Insider Transactions at ServiceNow

In related news, General Counsel Russell S. Elmer sold 62 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $1,023.00, for a total value of $63,426.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anita M. Sands sold 248 shares of the firm's stock in a transaction dated 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 $10,740,277.02. The trade was a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,716 shares of company stock valued at $6,611,245. Corporate insiders own 0.38% of the company's stock.

ServiceNow Price Performance

Shares of NOW stock traded down $24.62 during trading hours on Wednesday, hitting $980.29. 1,201,234 shares of the company's stock were exchanged, compared to its average volume of 1,480,266. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $953.73 and a two-hundred day moving average of $972.40. The firm has a market cap of $202.90 billion, a P/E ratio of 133.19, a P/E/G ratio of 4.63 and a beta of 0.95. ServiceNow, Inc. has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 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 analysts' expectations of $3.09 billion. ServiceNow had a return on equity of 17.34% and a net margin of 13.41%. The business's revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.41 earnings per share. Sell-side analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current year.

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.