Rise Advisors LLC Sells 27 Shares of ServiceNow, Inc. (NYSE:NOW)

Rise Advisors LLC lessened its stake in ServiceNow, Inc. (NYSE:NOW) by 10.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 220 shares of the information technology services provider’s stock after selling 27 shares during the period. Rise Advisors LLC’s holdings in ServiceNow were worth $197,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NOW. Syon Capital LLC increased its holdings in shares of ServiceNow by 51.7% in the 4th quarter. Syon Capital LLC now owns 810 shares of the information technology services provider’s stock valued at $572,000 after acquiring an additional 276 shares during the period. EP Wealth Advisors LLC raised its holdings in ServiceNow by 67.4% in the fourth quarter. EP Wealth Advisors LLC now owns 2,107 shares of the information technology services provider’s stock worth $1,489,000 after purchasing an additional 848 shares in the last quarter. SageView Advisory Group LLC lifted its position in shares of ServiceNow by 155.8% during the fourth quarter. SageView Advisory Group LLC now owns 2,914 shares of the information technology services provider’s stock valued at $2,059,000 after buying an additional 1,775 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of ServiceNow by 38.9% in the 4th quarter. Trust Co. of Vermont now owns 264 shares of the information technology services provider’s stock valued at $187,000 after buying an additional 74 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of ServiceNow in the 4th quarter worth approximately $244,000. Institutional investors own 87.18% of the company’s stock.

Insider Buying and Selling at ServiceNow

In other news, insider Nicholas Tzitzon sold 1,857 shares of ServiceNow stock in a transaction on Monday, August 26th. The stock was sold at an average price of $829.68, for a total transaction of $1,540,715.76. Following the completion of the transaction, the insider now owns 3,649 shares of the company’s stock, valued at $3,027,502.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other ServiceNow news, insider Nicholas Tzitzon sold 1,857 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $829.68, for a total transaction of $1,540,715.76. Following the sale, the insider now owns 3,649 shares in the company, valued at approximately $3,027,502.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gina Mastantuono sold 1,800 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $825.00, for a total value of $1,485,000.00. Following the transaction, the chief financial officer now directly owns 11,490 shares of the company’s stock, valued at $9,479,250. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,914 shares of company stock valued at $5,608,936. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Evercore ISI upped their price target on shares of ServiceNow from $850.00 to $950.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Barclays lifted their price objective on shares of ServiceNow from $890.00 to $980.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. increased their target price on shares of ServiceNow from $780.00 to $820.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. TD Cowen raised their price objective on ServiceNow from $870.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Robert W. Baird lifted their price target on shares of ServiceNow from $885.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and an average target price of $880.04.

ServiceNow Trading Down 0.6 %

Shares of NOW stock opened at $938.59 on Monday. ServiceNow, Inc. has a 1-year low of $527.24 and a 1-year high of $949.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The business’s fifty day moving average price is $861.16 and its 200 day moving average price is $786.43. The firm has a market capitalization of $192.41 billion, a PE ratio of 100.38, a P/E/G ratio of 5.63 and a beta of 0.99.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.28. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.61 billion. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 earnings per share. As a group, sell-side analysts forecast that ServiceNow, Inc. will post 6.78 EPS for the current fiscal year.

ServiceNow Company 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.