Sanctuary Advisors LLC Buys 2,082 Shares of ServiceNow, Inc. (NYSE:NOW)

Sanctuary Advisors LLC grew its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,542 shares of the information technology services provider's stock after acquiring an additional 2,082 shares during the quarter. Sanctuary Advisors LLC's holdings in ServiceNow were worth $24,633,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in shares of ServiceNow in the third quarter valued at about $30,000. DT Investment Partners LLC grew its stake in ServiceNow by 77.3% in the third quarter. DT Investment Partners LLC now owns 39 shares of the information technology services provider's stock valued at $35,000 after purchasing an additional 17 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of ServiceNow during the 2nd quarter worth approximately $32,000. Oakworth Capital Inc. raised 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 worth $39,000 after purchasing an additional 14 shares in the last quarter. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of ServiceNow in the 2nd quarter valued at approximately $39,000. 87.18% of the stock is owned by institutional investors.

ServiceNow Price Performance

Shares of ServiceNow stock traded down $31.95 during trading on Friday, reaching $1,116.47. 674,165 shares of the company's stock were exchanged, compared to its average volume of 1,276,776. 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, Inc. has a 1-year low of $637.99 and a 1-year high of $1,157.90. The company has a market cap of $229.99 billion, a P/E ratio of 178.64, a PEG ratio of 6.58 and a beta of 0.99. The firm's 50-day moving average price is $1,002.75 and its 200 day moving average price is $868.23.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on NOW shares. UBS Group upped their price target 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. Canaccord Genuity Group lifted their price objective 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. StockNews.com raised shares of ServiceNow from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Barclays lifted their target price on shares of ServiceNow from $980.00 to $1,000.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company increased their price target on shares of ServiceNow from $1,150.00 to $1,250.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, ServiceNow currently has an average rating of "Moderate Buy" and a consensus target price of $1,034.96.

Insider Activity

In other news, insider Jacqueline P. Canney sold 353 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $924.96, for a total value of $326,510.88. Following the transaction, the insider now owns 3,027 shares in the company, valued at approximately $2,799,853.92. The trade was a 10.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 300 shares of ServiceNow stock in a transaction on 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 $10,968,892.65. This represents a 2.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,629 shares of company stock worth $20,861,626. Insiders own 0.25% of the company's stock.

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.