Sandbox Financial Partners LLC Purchases 66 Shares of ServiceNow, Inc. (NYSE:NOW)

Sandbox Financial Partners LLC increased its position in ServiceNow, Inc. (NYSE:NOW) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 835 shares of the information technology services provider’s stock after acquiring an additional 66 shares during the quarter. Sandbox Financial Partners LLC’s holdings in ServiceNow were worth $590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in ServiceNow during the 4th quarter valued at $872,202,000. Moneta Group Investment Advisors LLC lifted its position in shares of ServiceNow by 69,897.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 856,069 shares of the information technology services provider’s stock worth $332,386,000 after acquiring an additional 854,846 shares during the period. FMR LLC grew its holdings in shares of ServiceNow by 17.3% during the 3rd quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider’s stock worth $2,256,407,000 after purchasing an additional 595,697 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of ServiceNow by 129.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 994,367 shares of the information technology services provider’s stock valued at $386,082,000 after purchasing an additional 560,908 shares during the period. Finally, Jennison Associates LLC lifted its position in ServiceNow by 23.0% in the third quarter. Jennison Associates LLC now owns 2,467,471 shares of the information technology services provider’s stock worth $1,379,217,000 after purchasing an additional 461,614 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on NOW shares. Piper Sandler raised their price objective on shares of ServiceNow from $750.00 to $830.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. KeyCorp began coverage on ServiceNow in a research note on Thursday, March 21st. They issued an “overweight” rating and a $1,000.00 price objective on the stock. Wells Fargo & Company raised their target price on ServiceNow from $675.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, November 30th. TheStreet upgraded ServiceNow from a “c+” rating to a “b-” rating in a research note on Friday, December 8th. Finally, BMO Capital Markets boosted their target price on shares of ServiceNow from $630.00 to $850.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $762.96.

ServiceNow Trading Up 0.3 %

Shares of NYSE:NOW opened at $761.61 on Friday. The stock has a market capitalization of $156.13 billion, a PE ratio of 90.56, a price-to-earnings-growth ratio of 4.83 and a beta of 0.97. The company’s 50-day moving average price is $769.61 and its two-hundred day moving average price is $680.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.06 and a quick ratio of 1.06. ServiceNow, Inc. has a one year low of $427.68 and a one year high of $815.32.

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

Insider Transactions at ServiceNow

In related news, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60. Following the completion of the transaction, the insider now owns 1,392 shares in the company, valued at $1,067,831.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other 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 value of $905,201.60. Following the transaction, the insider now directly 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 through the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of ServiceNow 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 directly owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The disclosure for this sale can be found here. Insiders have sold 13,164 shares of company stock worth $9,940,303 in the last ninety days. Insiders own 0.24% of the company’s stock.

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.