ServiceNow, Inc. $NOW Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lowered its position in shares of ServiceNow, Inc. (NYSE:NOW) by 5.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,293 shares of the information technology services provider’s stock after selling 75 shares during the period. 180 Wealth Advisors LLC’s holdings in ServiceNow were worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new stake in ServiceNow in the 1st quarter valued at approximately $382,000. Corient IA LLC acquired a new stake in ServiceNow in the 1st quarter valued at approximately $796,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in ServiceNow in the 1st quarter valued at approximately $1,820,000. ASR Vermogensbeheer N.V. acquired a new stake in ServiceNow in the 1st quarter valued at approximately $19,278,000. Finally, Goldman Sachs Group Inc. increased its holdings in ServiceNow by 131.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,480,526 shares of the information technology services provider’s stock valued at $1,178,706,000 after purchasing an additional 840,731 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Price Performance

Shares of NYSE:NOW opened at $939.60 on Friday. The company has a 50-day simple moving average of $916.59 and a 200-day simple moving average of $939.53. ServiceNow, Inc. has a one year low of $678.66 and a one year high of $1,198.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $195.44 billion, a price-to-earnings ratio of 118.34, a PEG ratio of 4.21 and a beta of 0.92.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.52. ServiceNow had a net margin of 13.78% and a return on equity of 18.04%. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the prior year, the company earned $3.13 earnings per share. The business’s revenue was up 22.4% compared to the same quarter last year. On average, analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current year.

Insider Buying and Selling at ServiceNow

In other news, CFO Gina Mastantuono sold 1,762 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $866.45, for a total transaction of $1,526,684.90. Following the transaction, the chief financial officer directly owned 12,228 shares in the company, valued at $10,594,950.60. The trade was a 12.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William R. Mcdermott sold 5,825 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $916.63, for a total transaction of $5,339,369.75. Following the transaction, the chief executive officer owned 6,614 shares in the company, valued at approximately $6,062,590.82. This trade represents a 46.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,737 shares of company stock valued at $16,798,825. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays set a $1,210.00 price target on shares of ServiceNow in a research report on Thursday, July 24th. Jefferies Financial Group raised their price target on shares of ServiceNow from $1,025.00 to $1,150.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. DA Davidson raised their price target on shares of ServiceNow from $1,150.00 to $1,250.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. BMO Capital Markets raised their price target on shares of ServiceNow from $1,150.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Finally, Raymond James Financial raised their price target on shares of ServiceNow from $1,000.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,124.17.

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.