ServiceNow, Inc. (NYSE:NOW) Shares Acquired by Commons Capital LLC

Commons Capital LLC boosted its position in shares of ServiceNow, Inc. (NYSE:NOW) by 7.8% in the second quarter, Holdings Channel.com reports. The firm owned 1,678 shares of the information technology services provider’s stock after acquiring an additional 121 shares during the period. ServiceNow comprises approximately 1.6% of Commons Capital LLC’s investment portfolio, making the stock its 15th largest position. Commons Capital LLC’s holdings in ServiceNow were worth $1,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creekmur Asset Management LLC acquired a new stake in shares of ServiceNow during the first quarter valued at about $25,000. Versant Capital Management Inc lifted its stake in shares of ServiceNow by 466.7% in the second quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 28 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in ServiceNow by 3,900.0% in the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 39 shares during the last quarter. University of Texas Texas AM Investment Managment Co. acquired a new stake in ServiceNow during the 4th quarter valued at approximately $29,000. Finally, Ridgewood Investments LLC purchased a new stake in ServiceNow during the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Activity

In related news, CFO Gina Mastantuono sold 1,800 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $825.00, for a total value of $1,485,000.00. Following the completion of the sale, the chief financial officer now owns 11,490 shares of the company’s stock, valued at $9,479,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the sale, the chief financial officer now directly owns 11,490 shares in the company, valued at approximately $9,479,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicholas Tzitzon sold 1,857 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $829.68, for a total transaction of $1,540,715.76. Following the completion of the transaction, the insider now owns 3,649 shares of the company’s stock, valued at $3,027,502.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,914 shares of company stock valued at $5,608,936. Company insiders own 0.25% of the company’s stock.

ServiceNow Price Performance

NYSE NOW opened at $834.83 on Thursday. The company has a 50-day moving average price of $797.34 and a two-hundred day moving average price of $761.85. ServiceNow, Inc. has a 52 week low of $527.24 and a 52 week high of $863.85. The stock has a market cap of $171.14 billion, a price-to-earnings ratio of 89.29, a price-to-earnings-growth ratio of 5.13 and a beta of 0.99. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.28. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.61 billion. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. Analysts forecast that ServiceNow, Inc. will post 6.78 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citigroup increased their target price on ServiceNow from $909.00 to $911.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Wells Fargo & Company increased their price objective on shares of ServiceNow from $920.00 to $935.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Stifel Nicolaus boosted their target price on shares of ServiceNow from $820.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upped their target price on shares of ServiceNow from $875.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, Guggenheim reiterated a “sell” rating and issued a $640.00 price target on shares of ServiceNow in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $849.62.

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.