ServiceNow, Inc. (NYSE:NOW) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC decreased its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 13.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,474 shares of the information technology services provider's stock after selling 1,142 shares during the period. OneDigital Investment Advisors LLC's holdings in ServiceNow were worth $6,684,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. M&G Plc purchased a new stake in shares of ServiceNow in the first quarter worth about $11,030,000. Avidian Wealth Enterprises LLC lifted 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 purchasing an additional 138 shares in the last quarter. Venturi Wealth Management LLC lifted its stake 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 worth $2,565,000 after purchasing an additional 765 shares in the last quarter. AXA S.A. boosted its holdings in ServiceNow by 1.1% in the 2nd quarter. AXA S.A. now owns 387,344 shares of the information technology services provider's stock valued at $304,712,000 after purchasing an additional 4,271 shares during the period. Finally, HWG Holdings LP bought a new position in shares of ServiceNow in the second quarter worth $2,679,000. Institutional investors own 87.18% of the company's stock.

Insider Buying and Selling

In other ServiceNow news, insider Nicholas Tzitzon sold 1,857 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $829.68, for a total value of $1,540,715.76. Following the transaction, the insider now directly owns 3,649 shares of the company's stock, valued at approximately $3,027,502.32. The trade was a 33.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 94 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $825.92, for a total transaction of $77,636.48. Following the transaction, the insider now owns 4,019 shares in the company, valued at approximately $3,319,372.48. This trade represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,325 shares of company stock worth $5,024,928 in the last ninety days. 0.25% of the stock is owned by corporate insiders.

ServiceNow Stock Down 2.7 %

Shares of NYSE NOW traded down $28.41 during mid-day trading on Friday, hitting $1,011.39. The company had a trading volume of 1,498,472 shares, compared to its average volume of 1,281,121. The business's 50-day simple moving average is $932.47 and its 200 day simple moving average is $823.24. The company has a market capitalization of $208.35 billion, a PE ratio of 157.29, a price-to-earnings-growth ratio of 6.00 and a beta of 0.98. ServiceNow, Inc. has a 1-year low of $637.99 and a 1-year high of $1,061.66. 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 issued its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.26. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the company earned $1.21 EPS. The business's quarterly 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 year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their target price 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. Canaccord Genuity Group upped their target price on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. TD Cowen raised their price target on ServiceNow from $900.00 to $1,000.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Royal Bank of Canada upped their price objective on ServiceNow from $985.00 to $1,045.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Robert W. Baird raised their price objective on ServiceNow from $900.00 to $975.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have given a buy rating to the company's stock. Based on data from MarketBeat, ServiceNow currently has a consensus rating of "Moderate Buy" and an average target price of $974.04.

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.