Values First Advisors Inc. Acquires Shares of 310 ServiceNow, Inc. (NYSE:NOW)

Values First Advisors Inc. acquired a new stake in shares of ServiceNow, Inc. (NYSE:NOW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 310 shares of the information technology services provider’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. PFG Private Wealth Management LLC bought a new position in ServiceNow in the 3rd quarter worth about $28,000. First Capital Advisors Group LLC. bought a new position in ServiceNow in the 2nd quarter worth about $29,000. High Net Worth Advisory Group LLC bought a new position in ServiceNow during the 1st quarter valued at about $29,000. Steward Financial Group LLC lifted its stake in ServiceNow by 125.0% during the 3rd quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 35 shares during the period. Finally, Princeton Global Asset Management LLC bought a new position in ServiceNow during the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Activity at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 5,159 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total value of $3,845,105.88. Following the completion of the transaction, the insider now directly owns 5,453 shares in the company, valued at $4,064,229.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 17,177 shares in the company, valued at approximately $12,935,655.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paul John Smith sold 5,159 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total value of $3,845,105.88. Following the transaction, the insider now directly owns 5,453 shares of the company’s stock, valued at $4,064,229.96. The disclosure for this sale can be found here. Insiders sold 13,164 shares of company stock worth $9,940,303 over the last three months. 0.24% of the stock is owned by corporate insiders.

ServiceNow Trading Up 0.3 %

Shares of NOW traded up $2.61 during trading hours on Thursday, reaching $761.61. 1,083,650 shares of the company traded hands, compared to its average volume of 1,235,363. The firm has a market cap of $156.13 billion, a price-to-earnings ratio of 91.16, a PEG ratio of 4.96 and a beta of 0.97. ServiceNow, Inc. has a 12-month low of $427.68 and a 12-month high of $815.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average price is $769.61 and its 200 day moving average price is $680.16.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The business’s revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 earnings per share. Sell-side analysts forecast that ServiceNow, Inc. will post 6.11 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on NOW. Truist Financial upped their target price on shares of ServiceNow from $700.00 to $750.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Mizuho upped their target price on shares of ServiceNow from $750.00 to $820.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Barclays upped their price target on shares of ServiceNow from $765.00 to $870.00 and gave the company an “overweight” rating in a research report on Tuesday, January 23rd. UBS Group upped their price target on shares of ServiceNow from $865.00 to $885.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, TheStreet raised shares of ServiceNow from a “c+” rating to a “b-” rating in a research report on Friday, December 8th. Two equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $762.96.

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.