415 Shares in ServiceNow, Inc. (NYSE:NOW) Bought by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC bought a new position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 415 shares of the information technology services provider's stock, valued at approximately $330,000.

Other large investors have also made changes to their positions in the company. Nixon Peabody Trust Co. lifted its holdings in ServiceNow by 22.1% in the first quarter. Nixon Peabody Trust Co. now owns 7,852 shares of the information technology services provider's stock valued at $6,251,000 after acquiring an additional 1,419 shares during the last quarter. Triangle Securities Wealth Management lifted its stake in shares of ServiceNow by 10.4% in the 1st quarter. Triangle Securities Wealth Management now owns 1,661 shares of the information technology services provider's stock valued at $1,322,000 after purchasing an additional 157 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of ServiceNow by 13.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 8,431 shares of the information technology services provider's stock worth $6,712,000 after purchasing an additional 1,007 shares during the period. Romano Brothers AND Company increased its position in shares of ServiceNow by 21.3% during the 1st quarter. Romano Brothers AND Company now owns 2,410 shares of the information technology services provider's stock worth $1,919,000 after purchasing an additional 424 shares during the last quarter. Finally, Bremer Bank National Association increased its position in shares of ServiceNow by 31.8% during the 1st quarter. Bremer Bank National Association now owns 265 shares of the information technology services provider's stock worth $211,000 after purchasing an additional 64 shares during the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

ServiceNow Stock Up 0.5%

ServiceNow stock traded up $5.07 during mid-day trading on Thursday, hitting $1,017.81. The company had a trading volume of 902,286 shares, compared to its average volume of 1,490,367. The business has a fifty day moving average of $910.63 and a 200 day moving average of $974.82. ServiceNow, Inc. has a 1 year low of $676.19 and a 1 year high of $1,198.09. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The stock has a market cap of $210.67 billion, a price-to-earnings ratio of 149.02, a PEG ratio of 4.51 and a beta of 0.97.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates of $3.78 by $0.26. The company had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.09 billion. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. The firm's revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.41 earnings per share. On average, sell-side analysts expect 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 the business's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $804.61, for a total value of $284,831.94. Following the transaction, the insider now directly owns 3,027 shares of the company's stock, valued at approximately $2,435,554.47. The trade was a 10.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William R. Mcdermott sold 2,050 shares of the company's stock in a transaction on Friday, May 30th. The stock was 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 now directly owns 6,614 shares in the company, valued at approximately $6,693,434.14. This trade represents a 23.66% decrease in their ownership of the stock. 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. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NOW shares. Bank of America lowered their target price on shares of ServiceNow from $1,280.00 to $1,025.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. TD Securities reaffirmed a "buy" rating and set a $1,100.00 price objective on shares of ServiceNow in a research report on Thursday, April 24th. Truist Financial raised ServiceNow from a "hold" rating to a "buy" rating and boosted their target price for the company from $950.00 to $1,200.00 in a research report on Thursday, May 1st. UBS Group restated a "buy" rating and set a $1,025.00 price target (up from $900.00) on shares of ServiceNow in a research note on Thursday, April 24th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $1,100.00 price objective (up from $970.00) on shares of ServiceNow in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,062.50.

About ServiceNow

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.