Geller Advisors LLC Sells 469 Shares of ServiceNow, Inc. (NYSE:NOW)

Geller Advisors LLC lessened its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 39.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 706 shares of the information technology services provider's stock after selling 469 shares during the period. Geller Advisors LLC's holdings in ServiceNow were worth $631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Truvestments Capital LLC bought a new position in shares of ServiceNow during the third quarter valued at approximately $30,000. DT Investment Partners LLC raised its holdings in 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 purchasing an additional 17 shares in the last quarter. Ridgewood Investments LLC bought a new position in ServiceNow in the 2nd quarter worth $32,000. Oakworth Capital Inc. boosted its stake in shares of ServiceNow by 46.7% during the 3rd quarter. Oakworth Capital Inc. now owns 44 shares of the information technology services provider's stock valued at $39,000 after purchasing an additional 14 shares in the last quarter. Finally, Semmax Financial Advisors Inc. purchased a new position in shares of ServiceNow during the second quarter valued at about $39,000. Institutional investors own 87.18% of the company's stock.

Wall Street Analyst Weigh In

NOW has been the topic of several research reports. Evercore ISI lifted their price objective on ServiceNow from $950.00 to $1,000.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. UBS Group upped their target price on shares of ServiceNow from $900.00 to $1,055.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Stifel Nicolaus lifted their price target on shares of ServiceNow from $900.00 to $990.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Needham & Company LLC upped their price objective on shares of ServiceNow from $1,075.00 to $1,150.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Finally, Oppenheimer lifted their target price on shares of ServiceNow from $1,020.00 to $1,150.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,011.26.

Insider Activity at ServiceNow

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

ServiceNow Price Performance

Shares of NYSE:NOW traded down $3.86 during midday trading on Monday, reaching $1,120.48. 1,220,360 shares of the company were exchanged, compared to its average volume of 1,279,131. The stock has a market cap of $230.82 billion, a PE ratio of 173.61, a price-to-earnings-growth ratio of 6.45 and a beta of 0.99. The business's fifty day moving average is $982.51 and its two-hundred day moving average is $858.99. ServiceNow, Inc. has a one year low of $637.99 and a one year high of $1,137.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings data 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. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The business's revenue was up 22.2% on a year-over-year basis. As a group, analysts predict that ServiceNow, Inc. will post 7.07 earnings per share for the current year.

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.