TD Private Client Wealth LLC Sells 749 Shares of ServiceNow, Inc. (NYSE:NOW)

TD Private Client Wealth LLC cut its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 15.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,072 shares of the information technology services provider's stock after selling 749 shares during the period. TD Private Client Wealth LLC's holdings in ServiceNow were worth $3,242,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new stake in ServiceNow in the 4th quarter valued at $27,000. Atala Financial Inc bought a new position in shares of ServiceNow during the 4th quarter worth about $28,000. WASHINGTON TRUST Co lifted its holdings in shares of ServiceNow by 620.0% during the 1st quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 31 shares during the period. LFA Lugano Financial Advisors SA bought a new position in shares of ServiceNow during the 4th quarter worth about $32,000. Finally, Heck Capital Advisors LLC bought a new position in shares of ServiceNow during the 4th quarter worth about $37,000. 87.18% of the stock is owned by institutional investors.

Insider Buying and Selling at ServiceNow

In related news, Director Deborah Black sold 598 shares of ServiceNow stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $940.23, for a total transaction of $562,257.54. Following the transaction, the director owned 428 shares of the company's stock, valued at $402,418.44. This trade represents a 58.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Chadwick sold 770 shares of ServiceNow 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 directly 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 6,716 shares of company stock worth $6,611,245 over the last ninety days. 0.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NOW shares. Needham & Company LLC reaffirmed a "buy" rating and set a $1,050.00 price objective on shares of ServiceNow in a report on Tuesday, May 6th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $1,003.00 price objective on shares of ServiceNow in a report on Thursday, April 24th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $1,048.00 price objective on shares of ServiceNow in a report on Thursday, April 24th. UBS Group reaffirmed a "buy" rating and set a $1,025.00 price objective (up from $900.00) on shares of ServiceNow in a report on Thursday, April 24th. Finally, TD Securities reaffirmed a "buy" rating and set a $1,100.00 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, three have assigned a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, ServiceNow has a consensus rating of "Moderate Buy" and an average target price of $1,068.23.

ServiceNow Trading Down 1.1%

Shares of NYSE:NOW traded down $11.65 during trading on Tuesday, hitting $1,023.36. 1,459,490 shares of the company's stock were exchanged, compared to its average volume of 1,696,737. ServiceNow, Inc. has a 1-year low of $678.66 and a 1-year high of $1,198.09. The firm has a 50-day moving average price of $1,005.88 and a two-hundred day moving average price of $961.79. 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 market cap of $211.82 billion, a P/E ratio of 139.04, a PEG ratio of 4.80 and a beta of 0.94.

ServiceNow (NYSE:NOW - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the previous year, the company earned $3.41 EPS. ServiceNow's revenue was up 18.6% on a year-over-year basis. Equities 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.