SeaCrest Wealth Management LLC Has $1.64 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

SeaCrest Wealth Management LLC reduced its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,430 shares of the information technology services provider’s stock after selling 27 shares during the period. SeaCrest Wealth Management LLC’s holdings in ServiceNow were worth $1,643,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NOW. PFG Private Wealth Management LLC bought a new stake in ServiceNow during the 3rd quarter valued at $28,000. First Capital Advisors Group LLC. bought a new position in ServiceNow in the 2nd quarter valued at about $29,000. High Net Worth Advisory Group LLC acquired a new position in ServiceNow during the 1st quarter valued at about $29,000. Fortitude Family Office LLC bought a new stake in ServiceNow during the 4th quarter worth approximately $41,000. Finally, Steward Financial Group LLC lifted its holdings in shares of ServiceNow by 125.0% in the third quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 35 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NOW has been the subject of several research reports. Robert W. Baird increased their price target on shares of ServiceNow from $780.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Truist Financial lifted their target price on shares of ServiceNow from $700.00 to $750.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. The Goldman Sachs Group upped their price target on shares of ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Wells Fargo & Company boosted their target price on shares of ServiceNow from $675.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, November 30th. Finally, UBS Group raised their price objective on shares of ServiceNow from $865.00 to $885.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $762.96.

Insiders Place Their Bets

In related news, insider Paul John Smith sold 5,159 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the completion of the sale, the insider now owns 5,453 shares in the company, valued at $4,064,229.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction dated Tuesday, February 20th. The stock was 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 directly 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 can be accessed through this link. Also, insider Paul John Smith sold 5,159 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 5,453 shares of the company’s stock, valued at $4,064,229.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,164 shares of company stock valued at $9,940,303. Company insiders own 0.24% of the company’s stock.

ServiceNow Stock Up 0.3 %

NYSE:NOW traded up $2.61 on Thursday, reaching $761.61. 1,083,650 shares of the stock traded hands, compared to its average volume of 1,235,363. ServiceNow, Inc. has a 12 month low of $427.68 and a 12 month high of $815.32. The company has a market capitalization of $156.13 billion, a price-to-earnings ratio of 91.16, a PEG ratio of 4.96 and a beta of 0.97. The company’s fifty day simple moving average is $769.61 and its 200 day simple moving average is $680.16. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a return on equity of 11.85% and a net margin of 19.30%. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. Equities analysts predict that ServiceNow, Inc. will post 6.11 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.