Retireful LLC Has $710,000 Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Retireful LLC trimmed its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 30.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 670 shares of the information technology services provider's stock after selling 287 shares during the quarter. Retireful LLC's holdings in ServiceNow were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NOW. Truvestments Capital LLC acquired a new position in ServiceNow during the 3rd quarter worth $30,000. DT Investment Partners LLC lifted its position in shares of 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 purchasing an additional 17 shares during the last quarter. Oakworth Capital Inc. boosted its stake in 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 during the period. Semmax Financial Advisors Inc. acquired a new stake in ServiceNow in the 2nd quarter valued at approximately $39,000. Finally, Dunhill Financial LLC increased its position in ServiceNow by 70.0% in the 3rd quarter. Dunhill Financial LLC now owns 51 shares of the information technology services provider's stock worth $46,000 after buying an additional 21 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow Price Performance

NOW traded up $14.86 during trading on Friday, hitting $1,072.02. The company's stock had a trading volume of 1,079,535 shares, compared to its average volume of 1,172,310. The firm's 50 day moving average price is $1,068.39 and its two-hundred day moving average price is $929.31. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $220.84 billion, a price-to-earnings ratio of 166.72, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. ServiceNow, Inc. has a 12 month low of $637.99 and a 12 month high of $1,157.90.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (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 business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the prior year, the company earned $1.21 EPS. The firm's quarterly revenue was up 22.2% on a year-over-year basis. Sell-side analysts forecast that ServiceNow, Inc. will post 7.07 earnings per share for the current fiscal year.

Insider Activity

In other ServiceNow news, insider Jacqueline P. Canney sold 76 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $1,010.94, for a total transaction of $76,831.44. Following the completion of the sale, the insider now owns 3,027 shares in the company, valued at approximately $3,060,115.38. The trade was a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William R. Mcdermott sold 12,271 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total value of $12,242,408.57. Following the completion of the transaction, the chief executive officer now directly owns 2,595 shares in the company, valued at approximately $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 20,731 shares of company stock valued at $21,016,751 over the last three months. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Robert W. Baird increased their price objective on ServiceNow from $900.00 to $975.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Morgan Stanley downgraded shares of ServiceNow from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $900.00 to $960.00 in a report on Monday, October 21st. Piper Sandler boosted their price objective on shares of ServiceNow from $1,000.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Needham & Company LLC increased their target price on shares of ServiceNow from $1,075.00 to $1,150.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Finally, Barclays lifted their target price on ServiceNow from $980.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,080.38.

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.