Dohj LLC Sells 269 Shares of ServiceNow, Inc. (NYSE:NOW)

Dohj LLC decreased its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,122 shares of the information technology services provider's stock after selling 269 shares during the period. Dohj LLC's holdings in ServiceNow were worth $893,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. TBH Global Asset Management LLC increased its position in shares of ServiceNow by 3.8% during the fourth quarter. TBH Global Asset Management LLC now owns 302 shares of the information technology services provider's stock valued at $320,000 after acquiring an additional 11 shares during the last quarter. Onefund LLC increased its position in shares of ServiceNow by 2.0% during the fourth quarter. Onefund LLC now owns 552 shares of the information technology services provider's stock valued at $585,000 after acquiring an additional 11 shares during the last quarter. Cassady Schiller Wealth Management LLC increased its position in shares of ServiceNow by 44.0% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 36 shares of the information technology services provider's stock valued at $38,000 after acquiring an additional 11 shares during the last quarter. Plancorp LLC increased its position in shares of ServiceNow by 4.1% during the fourth quarter. Plancorp LLC now owns 308 shares of the information technology services provider's stock valued at $327,000 after acquiring an additional 12 shares during the last quarter. Finally, L.M. Kohn & Company increased its position in shares of ServiceNow by 0.7% during the fourth quarter. L.M. Kohn & Company now owns 1,921 shares of the information technology services provider's stock valued at $2,036,000 after acquiring an additional 13 shares during the last quarter. Institutional investors own 87.18% of the company's stock.

ServiceNow Price Performance

NYSE:NOW traded down $19.66 during trading hours on Friday, hitting $987.71. 1,332,159 shares of the company's stock traded hands, compared to its average volume of 1,483,399. The firm has a market cap of $204.44 billion, a P/E ratio of 144.61, a P/E/G ratio of 4.51 and a beta of 0.95. ServiceNow, Inc. has a 52 week low of $678.66 and a 52 week high of $1,198.09. The business's fifty day simple moving average is $944.56 and its two-hundred day simple moving average is $972.97. 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 posted its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.78 by $0.26. The company 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 quarter last year, the company earned $3.41 earnings per share. On average, research analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insider Activity at ServiceNow

In other ServiceNow news, insider Jacqueline P. Canney sold 354 shares of ServiceNow stock in a transaction dated 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 owns 3,027 shares of the company's stock, valued at $2,435,554.47. The trade was a 10.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William R. Mcdermott sold 2,050 shares of ServiceNow stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $1,012.01, for a total value of $2,074,620.50. Following the sale, the chief executive officer now directly owns 6,614 shares of the company's stock, valued at approximately $6,693,434.14. This trade represents a 23.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,716 shares of company stock valued at $6,611,245. Company insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on NOW shares. Stifel Nicolaus increased their price target on ServiceNow from $975.00 to $1,050.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of ServiceNow in a research report on Thursday, April 24th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $1,048.00 price target on shares of ServiceNow in a research report on Thursday, April 24th. UBS Group reissued a "buy" rating and issued a $1,025.00 target price (up from $900.00) on shares of ServiceNow in a research report on Thursday, April 24th. Finally, Oppenheimer reissued an "outperform" rating and issued a $1,100.00 target price (up from $970.00) on shares of ServiceNow in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ServiceNow has a consensus rating of "Moderate Buy" and an average price target of $1,062.50.

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.