Venture Visionary Partners LLC Sells 54 Shares of ServiceNow, Inc. (NYSE:NOW)

Venture Visionary Partners LLC cut its stake in ServiceNow, Inc. (NYSE:NOW) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,254 shares of the information technology services provider’s stock after selling 54 shares during the quarter. Venture Visionary Partners LLC’s holdings in ServiceNow were worth $6,488,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NOW. Creekmur Asset Management LLC purchased a new position in shares of ServiceNow during the 1st quarter worth approximately $25,000. Versant Capital Management Inc grew its stake in 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 purchasing an additional 28 shares during the period. EntryPoint Capital LLC raised 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 worth $30,000 after purchasing an additional 39 shares in the last quarter. Ridgewood Investments LLC purchased a new position in ServiceNow during the second quarter valued at $32,000. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of ServiceNow during the 2nd quarter valued at $39,000. Institutional investors own 87.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NOW. UBS Group lifted their price target on shares of ServiceNow from $900.00 to $1,055.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Evercore ISI boosted their price target on ServiceNow from $850.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. KeyCorp cut their price target on ServiceNow from $950.00 to $920.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Truist Financial lifted their price objective on ServiceNow from $750.00 to $780.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $900.00 target price on shares of ServiceNow in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $923.00.

Insider Buying and Selling at ServiceNow

In other news, insider Paul John Smith sold 187 shares of ServiceNow stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $795.58, for a total value of $148,773.46. Following the completion of the transaction, the insider now owns 3,779 shares in the company, valued at approximately $3,006,496.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel Russell S. Elmer sold 1,937 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $779.81, for a total transaction of $1,510,491.97. Following the completion of the sale, the general counsel now directly owns 6,736 shares in the company, valued at $5,252,800.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul John Smith sold 187 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $795.58, for a total value of $148,773.46. Following the completion of the sale, the insider now owns 3,779 shares of the company’s stock, valued at approximately $3,006,496.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,267 shares of company stock worth $5,935,447 over the last 90 days. 0.25% of the stock is owned by insiders.

ServiceNow Stock Performance

Shares of ServiceNow stock traded down $3.41 on Monday, hitting $918.34. 1,387,373 shares of the company’s stock were exchanged, compared to its average volume of 1,272,892. ServiceNow, Inc. has a 1 year low of $527.24 and a 1 year high of $949.59. The company has a 50-day simple moving average of $874.61 and a 200-day simple moving average of $792.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $188.26 billion, a PE ratio of 96.47, a PEG ratio of 5.63 and a beta of 0.99.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.85 by $0.28. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the firm earned $0.77 EPS. The company’s revenue was up 22.2% on a year-over-year basis. As a group, equities analysts anticipate that ServiceNow, Inc. will post 6.78 EPS for the current year.

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.