Van ECK Associates Corp Sells 1,512 Shares of ServiceNow, Inc. (NYSE:NOW)

Van ECK Associates Corp lessened its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,108 shares of the information technology services provider's stock after selling 1,512 shares during the quarter. Van ECK Associates Corp's holdings in ServiceNow were worth $12,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NOW. Commonwealth Equity Services LLC lifted its position in shares of ServiceNow by 5.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 36,699 shares of the information technology services provider's stock worth $20,514,000 after buying an additional 1,946 shares during the period. FinTrust Capital Advisors LLC lifted its position in shares of ServiceNow by 225.0% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 221 shares of the information technology services provider's stock worth $124,000 after buying an additional 153 shares during the period. Stratos Wealth Partners LTD. lifted its position in shares of ServiceNow by 7.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,644 shares of the information technology services provider's stock worth $4,273,000 after buying an additional 557 shares during the period. Stratos Wealth Advisors LLC raised its position in ServiceNow by 41.8% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 577 shares of the information technology services provider's stock valued at $323,000 after purchasing an additional 170 shares during the last quarter. Finally, PFG Private Wealth Management LLC bought a new position in ServiceNow in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 87.18% of the company's stock.

ServiceNow Stock Up 3.0 %

Shares of ServiceNow stock traded up $20.93 during trading on Friday, reaching $716.65. The stock had a trading volume of 1,414,766 shares, compared to its average volume of 1,224,149. The company has a market capitalization of $147.19 billion, a price-to-earnings ratio of 76.65, a P/E/G ratio of 4.31 and a beta of 0.98. The stock has a fifty day moving average price of $754.44 and a two-hundred day moving average price of $711.86. ServiceNow, Inc. has a 52 week low of $428.97 and a 52 week high of $815.32. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com downgraded ServiceNow from a "buy" rating to a "hold" rating in a research report on Friday, April 26th. The Goldman Sachs Group lifted their price objective on ServiceNow from $800.00 to $910.00 and gave the company a "buy" rating in a research report on Thursday, January 25th. Royal Bank of Canada boosted their target price on ServiceNow from $840.00 to $850.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. Barclays boosted their target price on ServiceNow from $765.00 to $870.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 23rd. Finally, Morgan Stanley boosted their target price on ServiceNow from $814.00 to $830.00 and gave the stock an "overweight" rating in a research report on Thursday, April 25th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $807.28.

Insider Activity

In other news, insider Paul John Smith sold 1,180 shares of the business's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total value of $905,201.60. Following the sale, the insider now directly owns 1,392 shares in the company, valued at $1,067,831.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO William R. Mcdermott sold 5,030 shares of the company's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the sale, the chief executive officer now owns 17,177 shares in the company, valued at $12,935,655.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul John Smith sold 1,180 shares of the company's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total value of $905,201.60. Following the sale, the insider now owns 1,392 shares in the company, valued at approximately $1,067,831.04. The disclosure for this sale can be found here. Insiders have sold a total of 11,369 shares of company stock worth $8,538,300 over the last three months. Corporate insiders own 0.25% of the company's stock.

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.