ServiceNow, Inc. (NYSE:NOW) Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP lifted its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 17.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,590 shares of the information technology services provider's stock after purchasing an additional 972 shares during the quarter. Mirabella Financial Services LLP's holdings in ServiceNow were worth $5,715,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Creekmur Asset Management LLC bought a new position in ServiceNow during the first quarter worth $25,000. Truvestments Capital LLC bought a new stake in ServiceNow during the third quarter worth $30,000. Versant Capital Management Inc grew its stake in shares of ServiceNow by 466.7% during the second 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. DT Investment Partners LLC boosted its position in ServiceNow by 77.3% during the 3rd quarter. DT Investment Partners LLC now owns 39 shares of the information technology services provider's stock worth $35,000 after buying an additional 17 shares during the period. Finally, EntryPoint Capital LLC grew its position in shares of ServiceNow by 3,900.0% in the 1st 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. 87.18% of the stock is owned by institutional investors.

Insider Transactions at ServiceNow

In related news, insider Jacqueline P. Canney sold 353 shares of the business's stock in a transaction dated 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 directly owns 3,027 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, CEO William R. Mcdermott sold 12,271 shares of ServiceNow stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,787 shares of company stock worth $17,841,028. Company insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NOW shares. BMO Capital Markets lifted their target price on ServiceNow from $860.00 to $1,025.00 and gave the stock an "outperform" rating in a report on Thursday, October 10th. Stifel Nicolaus raised their price objective on shares of ServiceNow from $900.00 to $990.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Canaccord Genuity Group boosted their price target on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Mizuho upped their price objective on shares of ServiceNow from $980.00 to $1,070.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Finally, JMP Securities boosted their price objective on shares of ServiceNow from $850.00 to $1,000.00 and gave the company a "market outperform" rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $989.07.

ServiceNow Stock Down 0.7 %

Shares of NOW stock traded down $7.78 during mid-day trading on Monday, hitting $1,052.82. The stock had a trading volume of 1,930,221 shares, compared to its average volume of 1,287,778. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,068.88. 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 firm has a market capitalization of $216.88 billion, a P/E ratio of 163.72, a price-to-earnings-growth ratio of 6.09 and a beta of 0.98. The firm's 50-day moving average is $948.53 and its two-hundred day moving average is $836.29.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, topping 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 firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the previous year, the business posted $1.21 EPS. ServiceNow's revenue was up 22.2% on a year-over-year basis. On average, analysts predict that ServiceNow, Inc. will post 7.07 earnings per share for the current fiscal 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.