3,200 Shares in ServiceNow, Inc. (NYSE:NOW) Acquired by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd acquired a new position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,200 shares of the information technology services provider's stock, valued at approximately $2,862,000.

Other institutional investors also recently made changes to their positions in the company. Creekmur Asset Management LLC acquired a new position in ServiceNow in the first quarter valued at approximately $25,000. Versant Capital Management Inc grew its stake in ServiceNow by 466.7% during the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider's stock worth $27,000 after buying an additional 28 shares during the last quarter. EntryPoint Capital LLC lifted its stake in ServiceNow by 3,900.0% in the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider's stock valued at $30,000 after buying an additional 39 shares during the last quarter. Ridgewood Investments LLC bought a new stake in ServiceNow in the second quarter valued at $32,000. Finally, DT Investment Partners LLC grew its position in shares of ServiceNow by 77.3% during the third quarter. DT Investment Partners LLC now owns 39 shares of the information technology services provider's stock worth $35,000 after acquiring an additional 17 shares during the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on NOW. JPMorgan Chase & Co. boosted their price target on shares of ServiceNow from $820.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Truist Financial boosted their target price on shares of ServiceNow from $780.00 to $900.00 and gave the company a "hold" rating in a research note on Wednesday, October 23rd. Mizuho upped their price target on ServiceNow from $850.00 to $980.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. BMO Capital Markets raised their price objective on ServiceNow from $860.00 to $1,025.00 and gave the stock an "outperform" rating in a research report on Thursday, October 10th. Finally, KeyCorp upped their target price on ServiceNow from $1,020.00 to $1,040.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $974.04.

Insider Transactions at ServiceNow

In related news, insider Nicholas Tzitzon sold 1,857 shares of ServiceNow stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $829.68, for a total transaction of $1,540,715.76. Following the transaction, the insider now owns 3,649 shares of the company's stock, valued at $3,027,502.32. This trade represents a 33.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jacqueline P. Canney sold 94 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $825.92, for a total transaction of $77,636.48. Following the completion of the sale, the insider now directly owns 4,019 shares of the company's stock, valued at $3,319,372.48. The trade was a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,259 shares of company stock worth $4,955,741 in the last quarter. 0.25% of the stock is owned by company insiders.

ServiceNow Price Performance

Shares of NOW stock traded down $5.75 during trading hours on Thursday, reaching $1,039.80. 988,435 shares of the company were exchanged, compared to its average volume of 1,279,383. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $214.20 billion, a price-to-earnings ratio of 162.03, a P/E/G ratio of 6.02 and a beta of 0.98. The stock's fifty day moving average is $924.67 and its two-hundred day moving average is $819.71. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,061.66.

ServiceNow (NYSE:NOW - Get Free Report) last released its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, beating the consensus estimate of $3.46 by $0.26. The company had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.75 billion. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The business's revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the firm earned $1.21 EPS. Sell-side analysts forecast that ServiceNow, Inc. will post 7.07 earnings per share for the current fiscal year.

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.