ServiceNow, Inc. (NYSE:NOW) Position Decreased by AtonRa Partners

AtonRa Partners reduced its holdings in ServiceNow, Inc. (NYSE:NOW) by 13.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 703 shares of the information technology services provider’s stock after selling 107 shares during the quarter. AtonRa Partners’ holdings in ServiceNow were worth $497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. U.S. Capital Wealth Advisors LLC lifted its stake in ServiceNow by 7.8% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 513 shares of the information technology services provider’s stock valued at $287,000 after buying an additional 37 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of ServiceNow by 63.2% in the 3rd quarter. Valeo Financial Advisors LLC now owns 1,780 shares of the information technology services provider’s stock valued at $995,000 after acquiring an additional 689 shares in the last quarter. Golden State Equity Partners boosted its stake in ServiceNow by 7.1% in the 3rd quarter. Golden State Equity Partners now owns 420 shares of the information technology services provider’s stock worth $235,000 after purchasing an additional 28 shares during the period. Avestar Capital LLC grew its position in ServiceNow by 19.5% during the 3rd quarter. Avestar Capital LLC now owns 582 shares of the information technology services provider’s stock worth $325,000 after purchasing an additional 95 shares in the last quarter. Finally, Lake Street Financial LLC raised its stake in ServiceNow by 8.3% during the 3rd quarter. Lake Street Financial LLC now owns 1,915 shares of the information technology services provider’s stock valued at $1,060,000 after purchasing an additional 147 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Piper Sandler lifted their price target on ServiceNow from $750.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $820.00 target price on shares of ServiceNow in a report on Wednesday, March 20th. Citigroup raised their price target on shares of ServiceNow from $896.00 to $906.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. William Blair reiterated an “outperform” rating on shares of ServiceNow in a research note on Thursday. Finally, Oppenheimer lifted their target price on shares of ServiceNow from $750.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $807.28.

Insider Activity at ServiceNow

In other news, insider Paul John Smith sold 1,795 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $781.06, for a total transaction of $1,402,002.70. Following the completion of the transaction, the insider now directly owns 994 shares in the company, valued at $776,373.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO William R. Mcdermott sold 5,030 shares of the company’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 in the company, valued at $12,935,655.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul John Smith sold 1,795 shares of ServiceNow stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $781.06, for a total transaction of $1,402,002.70. Following the sale, the insider now owns 994 shares in the company, valued at approximately $776,373.64. The disclosure for this sale can be found here. Insiders sold a total of 13,164 shares of company stock worth $9,940,303 in the last 90 days. 0.25% of the stock is owned by company insiders.

ServiceNow Stock Performance

Shares of NYSE:NOW traded down $1.65 during midday trading on Monday, hitting $721.90. The company’s stock had a trading volume of 802,334 shares, compared to its average volume of 1,211,611. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.06 and a current ratio of 1.05. The stock’s 50 day simple moving average is $759.21 and its 200 day simple moving average is $710.01. The stock has a market capitalization of $148.26 billion, a price-to-earnings ratio of 77.13, a PEG ratio of 4.83 and a beta of 0.97. ServiceNow, Inc. has a fifty-two week low of $428.97 and a fifty-two week high of $815.32.

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.