ServiceNow, Inc. (NYSE:NOW) Shares Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC grew its holdings in ServiceNow, Inc. (NYSE:NOW) by 16.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,288 shares of the information technology services provider’s stock after purchasing an additional 741 shares during the period. Stonegate Investment Group LLC’s holdings in ServiceNow were worth $4,032,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. PFG Private Wealth Management LLC acquired a new stake in ServiceNow in the third quarter valued at approximately $28,000. University of Texas Texas AM Investment Managment Co. acquired a new stake in ServiceNow during the 4th quarter worth $29,000. AdvisorNet Financial Inc grew its position in ServiceNow by 266.7% during the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Steward Financial Group LLC grew its stake in shares of ServiceNow by 125.0% in the 3rd quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 35 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of ServiceNow during the third quarter worth $35,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Paul John Smith sold 1,180 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the transaction, the insider now owns 1,392 shares of the company’s stock, valued at $1,067,831.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Paul John Smith sold 1,180 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the completion of the sale, the insider now owns 1,392 shares in the company, valued at approximately $1,067,831.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the sale, the chief executive officer now directly owns 17,177 shares in the company, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Insiders sold 11,369 shares of company stock valued at $8,538,300 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

ServiceNow Stock Down 3.9 %

NOW stock traded down $27.83 during trading hours on Tuesday, hitting $693.33. The company’s stock had a trading volume of 1,973,291 shares, compared to its average volume of 1,221,041. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. ServiceNow, Inc. has a 12 month low of $428.97 and a 12 month high of $815.32. The stock has a 50 day moving average price of $757.16 and a two-hundred day moving average price of $712.16. The company has a market capitalization of $142.40 billion, a PE ratio of 74.15, a price-to-earnings-growth ratio of 4.83 and a beta of 0.97.

Wall Street Analysts Forecast Growth

NOW has been the subject of a number of recent analyst reports. Guggenheim restated a “neutral” rating on shares of ServiceNow in a research report on Monday, April 15th. William Blair reissued an “outperform” rating on shares of ServiceNow in a report on Thursday, April 25th. Wells Fargo & Company upped their target price on shares of ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Stifel Nicolaus reiterated a “buy” rating and set a $820.00 price target on shares of ServiceNow in a research report on Wednesday, March 20th. Finally, Barclays upped their price target on ServiceNow from $765.00 to $870.00 and gave the stock an “overweight” rating in a report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $807.28.

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.