CreativeOne Wealth LLC Buys Shares of 1,198 ServiceNow, Inc. (NYSE:NOW)

CreativeOne Wealth LLC purchased a new stake in ServiceNow, Inc. (NYSE:NOW - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,198 shares of the information technology services provider's stock, valued at approximately $1,071,000.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in shares of ServiceNow by 466.7% in the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 28 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of ServiceNow in the 3rd quarter worth about $30,000. Ridgewood Investments LLC bought a new position in shares of ServiceNow in the 2nd quarter worth about $32,000. DT Investment Partners LLC raised its position in shares of ServiceNow by 77.3% in the 3rd 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 in the last quarter. Finally, American Capital Advisory LLC bought a new position in shares of ServiceNow in the 2nd quarter worth about $39,000. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Stock Performance

Shares of NYSE NOW traded up $8.04 during midday trading on Friday, reaching $1,049.44. The company's stock had a trading volume of 583,092 shares, compared to its average volume of 1,281,032. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,072.84. The firm has a 50 day moving average price of $963.10 and a 200-day moving average price of $846.02. The stock has a market capitalization of $216.18 billion, a P/E ratio of 163.39, a PEG ratio of 5.98 and a beta of 0.98. 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 (NYSE:NOW - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, topping analysts' consensus estimates of $3.46 by $0.26. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the business earned $1.21 EPS. The company's revenue was up 22.2% compared to the same quarter last year. As a group, equities analysts predict that ServiceNow, Inc. will post 7.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NOW shares. Jefferies Financial Group lifted their price objective on ServiceNow from $900.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. StockNews.com raised ServiceNow from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Mizuho lifted their price objective on ServiceNow from $980.00 to $1,070.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on ServiceNow from $820.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Finally, JMP Securities raised their target price on ServiceNow from $850.00 to $1,000.00 and gave the company a "market outperform" rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $989.07.

Insider Transactions at ServiceNow

In related news, insider Jacqueline P. Canney sold 353 shares of ServiceNow stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $924.96, for a total value of $326,510.88. Following the sale, the insider now owns 3,027 shares of the company's stock, valued at approximately $2,799,853.92. The trade was a 10.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William R. Mcdermott sold 12,271 shares of ServiceNow stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the completion of the sale, the chief executive officer now directly owns 2,595 shares in the company, valued at $2,588,953.65. This trade represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,329 shares of company stock worth $20,547,241 in the last 90 days. Insiders own 0.25% of the company's stock.

About ServiceNow

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.