ServiceNow, Inc. (NYSE:NOW) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 107.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,187 shares of the information technology services provider’s stock after buying an additional 1,650 shares during the period. Apollon Wealth Management LLC’s holdings in ServiceNow were worth $2,252,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of NOW. AdvisorNet Financial Inc boosted its position in ServiceNow by 266.7% during the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Disciplined Equity Management Inc. purchased a new stake in ServiceNow in the fourth quarter valued at $35,000. Fortitude Family Office LLC acquired a new position in ServiceNow in the fourth quarter valued at about $41,000. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of ServiceNow by 30.4% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 14 shares during the last quarter. Finally, Friedenthal Financial acquired a new stake in ServiceNow in the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 1,180 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the sale, the insider now directly owns 1,392 shares in the company, valued at approximately $1,067,831.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Paul John Smith sold 1,180 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60. Following the completion of the sale, the insider now directly owns 1,392 shares of the company’s stock, valued at $1,067,831.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total value of $3,787,992.40. Following the sale, the chief executive officer now owns 17,177 shares in the company, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Insiders sold 11,369 shares of company stock valued at $8,538,300 in the last ninety days. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on NOW shares. Jefferies Financial Group boosted their target price on ServiceNow from $885.00 to $900.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. JMP Securities reaffirmed a “market outperform” rating and set a $825.00 price target on shares of ServiceNow in a report on Tuesday. Mizuho increased their price target on shares of ServiceNow from $750.00 to $820.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. William Blair reaffirmed an “outperform” rating on shares of ServiceNow in a report on Tuesday. Finally, StockNews.com downgraded ServiceNow from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, ServiceNow has a consensus rating of “Moderate Buy” and an average price target of $807.88.

ServiceNow Stock Performance

NOW stock traded down $13.03 during midday trading on Tuesday, reaching $713.53. The company had a trading volume of 1,552,504 shares, compared to its average volume of 1,227,506. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average price of $752.29 and a 200 day moving average price of $716.34. The firm has a market capitalization of $146.54 billion, a PE ratio of 76.15, a P/E/G ratio of 4.50 and a beta of 0.98. ServiceNow, Inc. has a fifty-two week low of $429.05 and a fifty-two week high of $815.32.

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.