2,103 Shares in ServiceNow, Inc. (NYSE:NOW) Purchased by Blankinship & Foster LLC

Blankinship & Foster LLC acquired a new position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,103 shares of the information technology services provider's stock, valued at approximately $1,881,000. ServiceNow makes up 0.3% of Blankinship & Foster LLC's investment portfolio, making the stock its 29th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in NOW. Polymer Capital Management HK LTD grew its holdings in shares of ServiceNow by 57.0% during the third quarter. Polymer Capital Management HK LTD now owns 2,701 shares of the information technology services provider's stock worth $2,416,000 after buying an additional 981 shares in the last quarter. AXA S.A. boosted its position in ServiceNow by 1.1% during the second quarter. AXA S.A. now owns 387,344 shares of the information technology services provider's stock worth $304,712,000 after acquiring an additional 4,271 shares during the last quarter. Avidian Wealth Enterprises LLC grew its stake in ServiceNow by 39.4% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 488 shares of the information technology services provider's stock worth $436,000 after acquiring an additional 138 shares during the period. Venturi Wealth Management LLC raised its holdings in ServiceNow by 36.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,868 shares of the information technology services provider's stock valued at $2,565,000 after acquiring an additional 765 shares during the last quarter. Finally, HWG Holdings LP purchased a new position in shares of ServiceNow during the 2nd quarter worth $2,679,000. Institutional investors and hedge funds own 87.18% of the company's stock.

ServiceNow Stock Performance

NOW traded up $1.47 during trading hours on Thursday, hitting $1,148.65. 686,396 shares of the stock were exchanged, compared to its average volume of 1,279,397. The stock has a market cap of $236.62 billion, a price-to-earnings ratio of 178.67, a price-to-earnings-growth ratio of 6.45 and a beta of 0.99. The stock has a 50-day simple moving average of $997.59 and a 200-day simple moving average of $866.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. ServiceNow, Inc. has a 12 month low of $637.99 and a 12 month high of $1,157.90.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NOW shares. Truist Financial lifted their price objective on ServiceNow from $900.00 to $1,100.00 and gave the company a "hold" rating in a research report on Thursday. UBS Group boosted their price target on ServiceNow from $900.00 to $1,055.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. KeyCorp raised their price target on shares of ServiceNow from $1,020.00 to $1,040.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. JMP Securities boosted their price objective on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group raised their target price on shares of ServiceNow from $850.00 to $1,000.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,029.78.

Insiders Place Their Bets

In other news, Director Paul Edward Chamberlain sold 300 shares of ServiceNow stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $1,047.95, for a total transaction of $314,385.00. Following the sale, the director now owns 10,467 shares of the company's stock, valued at approximately $10,968,892.65. The trade was a 2.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jacqueline P. Canney sold 353 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total value of $326,510.88. Following the completion of the transaction, the insider now directly owns 3,027 shares of the company's stock, valued at $2,799,853.92. This trade represents a 10.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,629 shares of company stock valued at $20,861,626 over the last quarter. Insiders own 0.25% 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.