ServiceNow, Inc. (NYSE:NOW) Shares Bought by Sava Infond d.o.o.

Sava Infond d.o.o. boosted its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,440 shares of the information technology services provider's stock after purchasing an additional 1,165 shares during the period. ServiceNow makes up 3.9% of Sava Infond d.o.o.'s holdings, making the stock its 7th biggest holding. Sava Infond d.o.o.'s holdings in ServiceNow were worth $20,254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of ServiceNow in the 4th quarter valued at approximately $27,000. Atala Financial Inc purchased a new stake in shares of ServiceNow in the 4th quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of ServiceNow in the 4th quarter valued at approximately $32,000. Noble Wealth Management PBC acquired a new position in shares of ServiceNow in the fourth quarter valued at approximately $34,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of ServiceNow in the fourth quarter valued at approximately $37,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Anita M. Sands sold 428 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $1,013.61, for a total value of $433,825.08. Following the completion of the sale, the director now owns 10,891 shares in the company, valued at approximately $11,039,226.51. This trade represents a 3.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1,020.00, for a total transaction of $1,194,420.00. Following the completion of the sale, the insider now owns 3,000 shares of the company's stock, valued at $3,060,000. This trade represents a 28.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,716 shares of company stock worth $6,611,245 in the last 90 days. Company insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NOW shares. Cantor Fitzgerald restated an "overweight" rating and issued a $1,048.00 price objective on shares of ServiceNow in a report on Thursday, April 24th. Truist Financial upgraded shares of ServiceNow from a "hold" rating to a "buy" rating and lifted their price objective for the company from $950.00 to $1,200.00 in a report on Thursday, May 1st. UBS Group restated a "buy" rating and issued a $1,025.00 price objective (up previously from $900.00) on shares of ServiceNow in a report on Thursday, April 24th. Bank of America dropped their price objective on shares of ServiceNow from $1,280.00 to $1,025.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $1,003.00 price objective on shares of ServiceNow in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,065.32.

ServiceNow Stock Up 1.2%

Shares of NYSE NOW traded up $12.12 during mid-day trading on Friday, reaching $1,023.56. The company had a trading volume of 1,514,258 shares, compared to its average volume of 1,486,132. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $985.61 and a two-hundred day simple moving average of $967.23. The stock has a market cap of $211.86 billion, a P/E ratio of 139.07, a PEG ratio of 4.65 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.

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 for the quarter, topping analysts' consensus estimates of $3.78 by $0.26. The firm had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.09 billion. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. ServiceNow's quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.41 EPS. Sell-side analysts predict that ServiceNow, Inc. will post 8.93 earnings per share 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.