ServiceNow, Inc. (NYSE:NOW) Stock Position Decreased by Sigma Planning Corp

Sigma Planning Corp lessened its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 38.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,922 shares of the information technology services provider's stock after selling 1,861 shares during the quarter. Sigma Planning Corp's holdings in ServiceNow were worth $2,326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOW. Quarry LP bought a new stake in shares of ServiceNow during the 4th quarter valued at $27,000. WASHINGTON TRUST Co lifted its position 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 acquiring an additional 31 shares during the period. Heck Capital Advisors LLC bought a new stake in ServiceNow during the fourth quarter worth about $37,000. ST Germain D J Co. Inc. grew its holdings in ServiceNow by 63.3% in the first quarter. ST Germain D J Co. Inc. now owns 49 shares of the information technology services provider's stock worth $39,000 after purchasing an additional 19 shares during the period. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of ServiceNow during the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 87.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank Of Canada boosted their price target on ServiceNow from $1,060.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Guggenheim reissued a "sell" rating and issued a $724.00 target price on shares of ServiceNow in a report on Tuesday, July 8th. Mizuho raised their price target on ServiceNow from $1,050.00 to $1,100.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. DA Davidson initiated coverage on ServiceNow in a research report on Wednesday, June 25th. They issued a "buy" rating and a $1,150.00 price target for the company. Finally, Wells Fargo & Company upped their price target on shares of ServiceNow from $1,100.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, ServiceNow presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,073.13.

Insider Transactions at ServiceNow

In other ServiceNow news, CEO William R. Mcdermott sold 2,050 shares of ServiceNow stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1,012.01, for a total transaction of $2,074,620.50. Following the transaction, the chief executive officer directly 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Chadwick sold 770 shares of ServiceNow stock in a transaction on Monday, April 28th. The shares were 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. The trade was a 19.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,601 shares of company stock valued at $6,577,363 in the last three months. 0.38% of the stock is owned by company insiders.

ServiceNow Stock Performance

NYSE NOW traded up $9.86 during trading hours on Wednesday, hitting $966.78. The company had a trading volume of 984,145 shares, compared to its average volume of 1,486,827. ServiceNow, Inc. has a 1-year low of $678.66 and a 1-year high of $1,198.09. The company has a market cap of $200.10 billion, a PE ratio of 131.36, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94. The business has a 50 day moving average of $1,007.54 and a 200-day moving average of $957.77. 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 issued its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.78 by $0.26. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.09 billion. ServiceNow had a return on equity of 17.34% and a net margin of 13.41%. The firm's quarterly revenue was up 18.6% on a year-over-year basis. During the same period last year, the company earned $3.41 EPS. As a group, equities research analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current year.

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.