ServiceNow, Inc. (NYSE:NOW) Shares Sold by Venture Visionary Partners LLC

Venture Visionary Partners LLC lessened its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,254 shares of the information technology services provider’s stock after selling 54 shares during the quarter. Venture Visionary Partners LLC’s holdings in ServiceNow were worth $6,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creekmur Asset Management LLC acquired a new position in shares of ServiceNow during the 1st quarter worth $25,000. Versant Capital Management Inc increased its stake in shares of ServiceNow by 466.7% during the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 28 shares during the last quarter. EntryPoint Capital LLC raised its stake in ServiceNow by 3,900.0% during the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 39 shares during the period. Ridgewood Investments LLC acquired a new stake in ServiceNow during the second quarter worth about $32,000. Finally, TFC Financial Management Inc. grew its stake in ServiceNow by 466.7% during the first quarter. TFC Financial Management Inc. now owns 51 shares of the information technology services provider’s stock worth $39,000 after buying an additional 42 shares during the period. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NOW. BMO Capital Markets raised their price target on shares of ServiceNow from $860.00 to $1,025.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. TD Cowen upped their price objective on ServiceNow from $900.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup lifted their target price on ServiceNow from $915.00 to $1,068.00 and gave the company a “buy” rating in a research note on Thursday. Canaccord Genuity Group reiterated a “buy” rating and issued a $835.00 target price on shares of ServiceNow in a report on Tuesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on ServiceNow from $875.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $923.00.

Insider Buying and Selling

In other ServiceNow news, insider Jacqueline P. Canney sold 94 shares of ServiceNow stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $825.92, for a total transaction of $77,636.48. Following the completion of the transaction, the insider now owns 4,019 shares of the company’s stock, valued at $3,319,372.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Jacqueline P. Canney sold 353 shares of ServiceNow stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $924.96, for a total transaction of $326,510.88. Following the completion of the sale, the insider now directly owns 3,027 shares of the company’s stock, valued at approximately $2,799,853.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jacqueline P. Canney sold 94 shares of ServiceNow stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $825.92, for a total value of $77,636.48. Following the sale, the insider now directly owns 4,019 shares of the company’s stock, valued at approximately $3,319,372.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,267 shares of company stock valued at $5,935,447. Corporate insiders own 0.25% of the company’s stock.

ServiceNow Stock Performance

Shares of ServiceNow stock traded down $3.41 on Monday, reaching $918.34. 1,387,373 shares of the company traded hands, compared to its average volume of 1,272,892. 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 firm has a market capitalization of $188.26 billion, a PE ratio of 96.47, a PEG ratio of 5.63 and a beta of 0.99. The company has a 50 day moving average of $874.61 and a 200 day moving average of $792.22. ServiceNow, Inc. has a 52 week low of $527.24 and a 52 week high of $949.59.

ServiceNow (NYSE:NOW) last posted 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. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the company earned $0.77 earnings per share. The company’s revenue was up 22.2% on a year-over-year basis. Equities analysts forecast that ServiceNow, Inc. will post 6.78 earnings per share for the current 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.