Prospera Private Wealth LLC Purchases 1,822 Shares of ServiceNow, Inc. (NYSE:NOW)

Prospera Private Wealth LLC boosted its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 537.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,161 shares of the information technology services provider's stock after acquiring an additional 1,822 shares during the quarter. Prospera Private Wealth LLC's holdings in ServiceNow were worth $1,933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Catalyst Financial Partners LLC increased its stake in ServiceNow by 1.0% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,146 shares of the information technology services provider's stock valued at $1,025,000 after buying an additional 11 shares during the period. First Affirmative Financial Network increased its stake in shares of ServiceNow by 1.4% in the third quarter. First Affirmative Financial Network now owns 895 shares of the information technology services provider's stock worth $801,000 after acquiring an additional 12 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of ServiceNow by 14.6% during the third quarter. Capital Advisors Ltd. LLC now owns 94 shares of the information technology services provider's stock worth $84,000 after acquiring an additional 12 shares in the last quarter. BluePointe Capital Management LLC boosted its position in ServiceNow by 0.6% during the third quarter. BluePointe Capital Management LLC now owns 2,014 shares of the information technology services provider's stock valued at $1,801,000 after purchasing an additional 12 shares during the last quarter. Finally, Morling Financial Advisors LLC increased its position in ServiceNow by 2.5% in the 2nd quarter. Morling Financial Advisors LLC now owns 527 shares of the information technology services provider's stock worth $415,000 after purchasing an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company's stock.

Insider Buying and Selling at ServiceNow

In other news, Director Jeffrey A. Miller sold 2,879 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the transaction, the director now directly owns 42,920 shares of the company's stock, valued at $43,740,630.40. The trade was a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Russell S. Elmer sold 1,867 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $1,023.97, for a total value of $1,911,751.99. Following the sale, the general counsel now directly owns 6,843 shares of the company's stock, valued at $7,007,026.71. This represents a 21.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,373 shares of company stock valued at $7,139,335. 0.25% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NOW has been the subject of several research reports. BMO Capital Markets lifted their price target on ServiceNow from $860.00 to $1,025.00 and gave the company an "outperform" rating in a report on Thursday, October 10th. Evercore ISI raised their price objective on shares of ServiceNow from $950.00 to $1,000.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Piper Sandler boosted their target price on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Canaccord Genuity Group raised their price target on shares of ServiceNow from $850.00 to $1,000.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Scotiabank started coverage on shares of ServiceNow in a research note on Tuesday. They issued a "sector outperform" rating and a $1,230.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $986.39.

ServiceNow Price Performance

Shares of NYSE:NOW traded down $11.93 during midday trading on Wednesday, reaching $1,010.17. 359,215 shares of the company's stock were exchanged, compared to its average volume of 1,281,565. The firm has a market capitalization of $208.10 billion, a PE ratio of 158.97, a price-to-earnings-growth ratio of 5.80 and a beta of 0.98. The company's 50 day simple moving average is $938.70 and its two-hundred day simple moving average is $829.46. ServiceNow, Inc. has a 12 month low of $637.99 and a 12 month high of $1,061.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13.

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

ServiceNow Company 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.