Altshuler Shaham Ltd Has $69,000 Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Altshuler Shaham Ltd boosted its position in ServiceNow, Inc. (NYSE:NOW) by 155.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97 shares of the information technology services provider’s stock after acquiring an additional 59 shares during the period. Altshuler Shaham Ltd’s holdings in ServiceNow were worth $69,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NOW. AdvisorNet Financial Inc raised its position in ServiceNow by 266.7% in the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 32 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in ServiceNow in the third quarter valued at $35,000. Disciplined Equity Management Inc. bought a new stake in ServiceNow in the fourth quarter valued at approximately $35,000. OFI Invest Asset Management acquired a new stake in shares of ServiceNow in the third quarter valued at approximately $41,000. Finally, Fortitude Family Office LLC bought a new position in shares of ServiceNow during the 4th quarter worth approximately $41,000. Institutional investors own 87.18% of the company’s stock.

Insider Activity

In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the transaction, the chief executive officer now owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Paul John Smith sold 5,159 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total value of $3,845,105.88. Following the completion of the transaction, the insider now directly owns 5,453 shares in the company, valued at $4,064,229.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the sale, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Insiders sold 11,559 shares of company stock worth $8,674,868 over the last three months. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Royal Bank of Canada raised their price target on ServiceNow from $840.00 to $850.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. UBS Group lowered their target price on ServiceNow from $920.00 to $875.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Piper Sandler upped their price objective on ServiceNow from $750.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Oppenheimer boosted their target price on shares of ServiceNow from $750.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Finally, Barclays lifted their price objective on shares of ServiceNow from $765.00 to $870.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, ServiceNow presently has a consensus rating of “Moderate Buy” and an average price target of $807.88.

ServiceNow Stock Up 0.3 %

Shares of NOW stock traded up $2.13 on Thursday, reaching $723.16. 1,050,016 shares of the company were exchanged, compared to its average volume of 1,224,649. ServiceNow, Inc. has a one year low of $446.25 and a one year high of $815.32. The company has a market cap of $148.52 billion, a price-to-earnings ratio of 77.32, a PEG ratio of 4.50 and a beta of 0.98. The company has a 50-day moving average of $750.45 and a 200-day moving average of $717.57. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.06.

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.