396 Shares in ServiceNow, Inc. (NYSE:NOW) Bought by Smith Salley Wealth Management

Smith Salley Wealth Management purchased a new position in ServiceNow, Inc. (NYSE:NOW) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 396 shares of the information technology services provider’s stock, valued at approximately $302,000.

Several other large investors also recently bought and sold shares of the business. Argonautica Private Wealth Management Inc. boosted its stake in ServiceNow by 1.0% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,376 shares of the information technology services provider’s stock worth $972,000 after buying an additional 13 shares during the period. Wealth Management Partners LLC boosted its stake in ServiceNow by 2.7% during the fourth quarter. Wealth Management Partners LLC now owns 531 shares of the information technology services provider’s stock worth $375,000 after buying an additional 14 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its stake in ServiceNow by 30.4% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock worth $42,000 after buying an additional 14 shares during the period. Optas LLC boosted its stake in shares of ServiceNow by 1.7% during the first quarter. Optas LLC now owns 815 shares of the information technology services provider’s stock valued at $621,000 after purchasing an additional 14 shares during the period. Finally, Trust Co. of Vermont boosted its stake in shares of ServiceNow by 8.6% during the third quarter. Trust Co. of Vermont now owns 190 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 15 shares during the period. Institutional investors own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NOW shares. Guggenheim reissued a “sell” rating and set a $640.00 target price on shares of ServiceNow in a research note on Monday. StockNews.com lowered shares of ServiceNow from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. BMO Capital Markets lowered their target price on shares of ServiceNow from $850.00 to $830.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Needham & Company LLC reissued a “buy” rating and set a $900.00 target price on shares of ServiceNow in a research note on Monday. Finally, Citigroup boosted their target price on shares of ServiceNow from $896.00 to $906.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $812.60.

Insider Activity

In other news, insider Paul John Smith sold 125 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $727.38, for a total transaction of $90,922.50. Following the transaction, the insider now owns 3,112 shares in the company, valued at $2,263,606.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Paul John Smith sold 125 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $727.38, for a total transaction of $90,922.50. Following the transaction, the insider now owns 3,112 shares in the company, valued at $2,263,606.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher Bedi sold 215 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the sale, the insider now owns 15,892 shares in the company, valued at approximately $11,124,400. The disclosure for this sale can be found here. Insiders have sold a total of 5,530 shares of company stock worth $3,997,012 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

ServiceNow Stock Down 2.9 %

ServiceNow stock traded down $22.51 during trading hours on Tuesday, reaching $743.69. The stock had a trading volume of 2,433,459 shares, compared to its average volume of 1,289,774. The company has a market cap of $152.46 billion, a price-to-earnings ratio of 81.95, a PEG ratio of 5.06 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50 day moving average price is $733.69 and its 200-day moving average price is $745.06. ServiceNow, Inc. has a 52 week low of $527.24 and a 52 week high of $815.32.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.41. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. Sell-side analysts anticipate that ServiceNow, Inc. will post 6.5 EPS for the current year.

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.