ServiceNow, Inc. $NOW Stock Position Lifted by Cross Staff Investments Inc

Cross Staff Investments Inc grew its position in shares of ServiceNow, Inc. (NYSE:NOW) by 36.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 750 shares of the information technology services provider’s stock after buying an additional 200 shares during the period. Cross Staff Investments Inc’s holdings in ServiceNow were worth $771,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bogart Wealth LLC lifted its holdings in ServiceNow by 113.3% during the 1st quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider’s stock worth $25,000 after buying an additional 17 shares during the last quarter. Graybill Wealth Management LTD. bought a new position in ServiceNow during the 1st quarter worth approximately $26,000. WASHINGTON TRUST Co lifted its holdings in ServiceNow by 620.0% during the 1st quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider’s stock worth $29,000 after buying an additional 31 shares during the last quarter. Global X Japan Co. Ltd. bought a new position in ServiceNow during the 2nd quarter worth approximately $30,000. Finally, Dagco Inc. acquired a new stake in shares of ServiceNow during the 1st quarter worth approximately $33,000. Institutional investors own 87.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NOW. Guggenheim reiterated a “sell” rating and set a $724.00 price target on shares of ServiceNow in a research report on Thursday, July 17th. UBS Group dropped their price target on ServiceNow from $1,125.00 to $1,100.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. Oppenheimer reiterated an “outperform” rating and set a $1,150.00 price target (up from $1,100.00) on shares of ServiceNow in a research report on Thursday, July 24th. DA Davidson increased their price target on ServiceNow from $1,150.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $1,200.00 price target on shares of ServiceNow in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,122.20.

ServiceNow Stock Down 3.2%

NOW opened at $888.63 on Friday. ServiceNow, Inc. has a 12 month low of $678.66 and a 12 month high of $1,198.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $184.84 billion, a P/E ratio of 111.92, a P/E/G ratio of 4.13 and a beta of 0.92. The stock’s 50 day moving average price is $909.21 and its 200 day moving average price is $931.62.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.52. The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.12 billion. ServiceNow had a return on equity of 18.04% and a net margin of 13.78%.The firm’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period last year, the company posted $3.13 EPS. As a group, research analysts predict that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Insider Activity

In other ServiceNow news, Vice Chairman Nicholas Tzitzon sold 1,719 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $866.45, for a total transaction of $1,489,427.55. Following the completion of the transaction, the insider directly owned 3,000 shares of the company’s stock, valued at approximately $2,599,350. This trade represents a 36.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gina Mastantuono sold 1,762 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $866.45, for a total value of $1,526,684.90. Following the transaction, the chief financial officer directly owned 12,228 shares of the company’s stock, valued at approximately $10,594,950.60. The trade was a 12.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,737 shares of company stock worth $16,798,825 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.

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.