ServiceNow, Inc. (NYSE:NOW) Position Increased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 65.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,915 shares of the information technology services provider's stock after acquiring an additional 2,342 shares during the quarter. Coldstream Capital Management Inc.'s holdings in ServiceNow were worth $5,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Catalyst Financial Partners LLC raised its stake in ServiceNow by 1.0% during the third quarter. Catalyst Financial Partners LLC now owns 1,146 shares of the information technology services provider's stock worth $1,025,000 after acquiring an additional 11 shares in the last quarter. 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 valued at $801,000 after buying an additional 12 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of ServiceNow by 14.6% in the third quarter. Capital Advisors Ltd. LLC now owns 94 shares of the information technology services provider's stock valued at $84,000 after buying an additional 12 shares in the last quarter. BluePointe Capital Management LLC increased its stake in shares of ServiceNow by 0.6% in 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 buying an additional 12 shares in the last quarter. Finally, Morling Financial Advisors LLC increased its stake in shares of ServiceNow by 2.5% in the second quarter. Morling Financial Advisors LLC now owns 527 shares of the information technology services provider's stock valued at $415,000 after buying an additional 13 shares in the last quarter. 87.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NOW has been the subject of a number of research reports. Royal Bank of Canada raised their target price on ServiceNow from $985.00 to $1,045.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Needham & Company LLC lifted their price objective on ServiceNow from $1,075.00 to $1,150.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Mizuho lifted their price objective on ServiceNow from $980.00 to $1,070.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. JMP Securities raised their target price on ServiceNow from $850.00 to $1,000.00 and gave the stock a "market outperform" rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus raised their target price on ServiceNow from $900.00 to $990.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,022.37.

Insider Buying and Selling at ServiceNow

In other news, Director Paul Edward Chamberlain sold 300 shares of ServiceNow stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $1,047.95, for a total value of $314,385.00. Following the sale, the director now owns 10,467 shares of the company's stock, valued at $10,968,892.65. The trade was a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jacqueline P. Canney sold 353 shares of the company's stock in a transaction on Wednesday, October 16th. The stock was 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. This trade represents a 10.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,629 shares of company stock valued at $20,861,626 over the last quarter. 0.25% of the stock is currently owned by insiders.

ServiceNow Trading Up 0.7 %

NOW traded up $8.03 during trading hours on Tuesday, reaching $1,128.51. 1,599,211 shares of the company's stock traded hands, compared to its average volume of 1,282,035. The firm has a 50-day moving average price of $987.03 and a 200 day moving average price of $861.55. ServiceNow, Inc. has a 52-week low of $637.99 and a 52-week high of $1,147.37. 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 firm has a market capitalization of $232.47 billion, a PE ratio of 175.40, a PEG ratio of 6.45 and a beta of 0.99.

ServiceNow (NYSE:NOW - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) 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 firm's quarterly 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. As a group, sell-side analysts predict that ServiceNow, Inc. will post 7.07 EPS for the current fiscal year.

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.