ServiceNow, Inc. (NYSE:NOW) Shares Sold by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC lowered its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 24.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,203 shares of the information technology services provider's stock after selling 1,646 shares during the period. Van Hulzen Asset Management LLC's holdings in ServiceNow were worth $3,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of ServiceNow by 7.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,480 shares of the information technology services provider's stock worth $91,451,000 after acquiring an additional 12,076 shares in the last quarter. Advisor Partners II LLC raised its position in shares of ServiceNow by 4.7% during the 3rd quarter. Advisor Partners II LLC now owns 5,548 shares of the information technology services provider's stock worth $3,101,000 after acquiring an additional 251 shares in the last quarter. Graypoint LLC raised its position in shares of ServiceNow by 10.3% during the 3rd quarter. Graypoint LLC now owns 2,559 shares of the information technology services provider's stock worth $1,430,000 after acquiring an additional 240 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in shares of ServiceNow during the 3rd quarter worth about $20,961,000. Finally, Whittier Trust Co. raised its position in shares of ServiceNow by 30.2% during the 3rd quarter. Whittier Trust Co. now owns 43,765 shares of the information technology services provider's stock worth $24,462,000 after acquiring an additional 10,155 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company's stock.

Insiders Place Their Bets

In other ServiceNow news, insider Paul John Smith sold 190 shares of the business's stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $718.78, for a total transaction of $136,568.20. Following the sale, the insider now directly owns 3,010 shares in the company, valued at $2,163,527.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Paul John Smith sold 190 shares of the business's stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $718.78, for a total value of $136,568.20. Following the completion of the transaction, the insider now directly owns 3,010 shares of the company's stock, valued at $2,163,527.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William R. Mcdermott sold 5,030 shares of the business's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total value of $3,787,992.40. Following the completion of the transaction, the chief executive officer now directly owns 17,177 shares of the company's stock, valued at $12,935,655.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,559 shares of company stock worth $8,674,868. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NOW shares. Truist Financial raised their target price on ServiceNow from $700.00 to $750.00 and gave the stock a "hold" rating in a research report on Thursday, January 25th. Oppenheimer lifted their price target on ServiceNow from $750.00 to $800.00 and gave the stock an "outperform" rating in a research report on Thursday, January 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $900.00 price target on shares of ServiceNow in a research report on Tuesday. Piper Sandler lifted their price target on ServiceNow from $750.00 to $830.00 and gave the stock an "overweight" rating in a research report on Thursday, January 25th. Finally, Morgan Stanley lifted their price target on ServiceNow from $814.00 to $830.00 and gave the stock an "overweight" rating in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, ServiceNow presently has an average rating of "Moderate Buy" and a consensus target price of $808.73.

ServiceNow Price Performance

NOW traded up $6.85 during trading on Friday, reaching $729.79. 817,807 shares of the stock were exchanged, compared to its average volume of 1,287,713. The business's 50 day moving average price is $749.50 and its two-hundred day moving average price is $717.61. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.06. The company has a market capitalization of $149.88 billion, a price-to-earnings ratio of 78.05, a P/E/G ratio of 4.56 and a beta of 0.98. ServiceNow, Inc. has a 1 year low of $446.65 and a 1 year high of $815.32.

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.

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