Freestone Capital Holdings LLC Has $274,000 Holdings in ServiceNow, Inc. (NYSE:NOW)

Freestone Capital Holdings LLC decreased its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 4.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 359 shares of the information technology services provider’s stock after selling 17 shares during the quarter. Freestone Capital Holdings LLC’s holdings in ServiceNow were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of NOW. EntryPoint Capital LLC boosted its position in shares of ServiceNow by 3,900.0% during the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 39 shares during the last quarter. University of Texas Texas AM Investment Managment Co. bought a new position in shares of ServiceNow during the fourth quarter valued at about $29,000. AdvisorNet Financial Inc boosted its holdings 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 purchasing an additional 32 shares during the last quarter. Sachetta LLC bought a new stake in ServiceNow in the 4th quarter worth about $35,000. Finally, Disciplined Equity Management Inc. purchased a new stake in ServiceNow in the 4th quarter valued at about $35,000. Institutional investors own 87.18% of the company’s stock.

Insiders Place Their Bets

In other ServiceNow news, insider Paul John Smith sold 190 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total transaction of $136,568.20. Following the transaction, the insider now directly owns 3,010 shares in the company, valued at approximately $2,163,527.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other ServiceNow news, insider Christopher Bedi sold 215 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the transaction, the insider now directly owns 15,892 shares in the company, valued at $11,124,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul John Smith sold 190 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total transaction of $136,568.20. Following the completion of the sale, the insider now owns 3,010 shares in the company, valued at $2,163,527.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,530 shares of company stock worth $3,997,012. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. TD Cowen increased their price target on ServiceNow from $870.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of ServiceNow from $875.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday. Piper Sandler raised their price target on ServiceNow from $830.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on ServiceNow from $780.00 to $820.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, StockNews.com lowered shares of ServiceNow from a “buy” rating to a “hold” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $833.57.

ServiceNow Trading Down 0.1 %

Shares of ServiceNow stock traded down $1.18 during trading on Friday, hitting $827.61. The stock had a trading volume of 2,410,057 shares, compared to its average volume of 1,525,403. ServiceNow, Inc. has a 12 month low of $527.24 and a 12 month high of $850.33. The firm’s fifty day simple moving average is $744.03 and its 200-day simple moving average is $750.93. The stock has a market cap of $169.66 billion, a PE ratio of 88.54, a PEG ratio of 5.20 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.05.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.28. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.61 billion. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The business’s revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. As a group, sell-side analysts expect that ServiceNow, Inc. will post 6.5 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.