Whipplewood Advisors LLC Sells 25 Shares of ServiceNow, Inc. $NOW

Whipplewood Advisors LLC lowered its stake in ServiceNow, Inc. (NYSE:NOW) by 10.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 213 shares of the information technology services provider’s stock after selling 25 shares during the period. Whipplewood Advisors LLC’s holdings in ServiceNow were worth $219,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bogart Wealth LLC boosted its holdings in ServiceNow by 113.3% in the first quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 17 shares in the last quarter. Graybill Wealth Management LTD. bought a new stake in shares of ServiceNow during the 1st quarter valued at $26,000. WASHINGTON TRUST Co boosted its holdings in shares of ServiceNow by 620.0% during the 1st quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 31 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of ServiceNow during the 2nd quarter valued at $30,000. Finally, LGT Financial Advisors LLC bought a new stake in shares of ServiceNow during the 2nd quarter valued at $32,000. Institutional investors own 87.18% of the company’s stock.

Insiders Place Their Bets

In other ServiceNow news, insider Jacqueline P. Canney sold 1,562 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $866.45, for a total value of $1,353,394.90. Following the completion of the transaction, the insider owned 3,027 shares of the company’s stock, valued at approximately $2,622,744.15. The trade was a 34.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Russell S. Elmer sold 1,698 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $884.26, for a total value of $1,501,473.48. Following the completion of the transaction, the general counsel directly owned 4,332 shares of the company’s stock, valued at approximately $3,830,614.32. This trade represents a 28.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,737 shares of company stock worth $16,798,825 in the last quarter. Insiders own 0.38% of the company’s stock.

ServiceNow Price Performance

Shares of NYSE:NOW opened at $929.77 on Monday. ServiceNow, Inc. has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09. The business has a 50-day simple moving average of $917.85 and a two-hundred day simple moving average of $943.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $193.39 billion, a price-to-earnings ratio of 117.10, a price-to-earnings-growth ratio of 4.20 and a beta of 0.92.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Morgan Stanley upgraded shares of ServiceNow from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $1,040.00 to $1,250.00 in a report on Wednesday, September 24th. Bank of America boosted their target price on shares of ServiceNow from $1,110.00 to $1,200.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of ServiceNow from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Cowen restated a “buy” rating on shares of ServiceNow in a report on Friday. Finally, Raymond James Financial upped their price target on shares of ServiceNow from $1,000.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and an average price target of $1,124.17.

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.