ServiceNow, Inc. (NYSE:NOW) Shares Purchased by Brookstone Capital Management

Brookstone Capital Management boosted its holdings in ServiceNow, Inc. (NYSE:NOWGet Rating) by 5.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,690 shares of the information technology services provider’s stock after acquiring an additional 82 shares during the period. Brookstone Capital Management’s holdings in ServiceNow were worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NOW. CVA Family Office LLC lifted its holdings in ServiceNow by 23.9% in the 2nd quarter. CVA Family Office LLC now owns 440 shares of the information technology services provider’s stock valued at $209,000 after purchasing an additional 85 shares in the last quarter. Triangle Securities Wealth Management lifted its holdings in ServiceNow by 15.8% in the 2nd quarter. Triangle Securities Wealth Management now owns 1,063 shares of the information technology services provider’s stock valued at $505,000 after purchasing an additional 145 shares in the last quarter. Beese Fulmer Investment Management Inc. lifted its holdings in ServiceNow by 25.4% in the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 618 shares of the information technology services provider’s stock valued at $294,000 after purchasing an additional 125 shares in the last quarter. 180 Wealth Advisors LLC lifted its holdings in ServiceNow by 65.0% in the 2nd quarter. 180 Wealth Advisors LLC now owns 1,307 shares of the information technology services provider’s stock valued at $633,000 after purchasing an additional 515 shares in the last quarter. Finally, MJP Associates Inc. ADV lifted its holdings in shares of ServiceNow by 6.6% during the 2nd quarter. MJP Associates Inc. ADV now owns 439 shares of the information technology services provider’s stock worth $209,000 after acquiring an additional 27 shares during the period. 87.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Frederic B. Luddy sold 6,600 shares of the stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $497.01, for a total transaction of $3,280,266.00. Following the sale, the director now owns 33,600 shares in the company, valued at $16,699,536. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other ServiceNow news, CFO Gina Mastantuono sold 4,262 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $439.10, for a total value of $1,871,444.20. Following the sale, the chief financial officer now owns 4,262 shares in the company, valued at $1,871,444.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederic B. Luddy sold 6,600 shares of the firm’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $497.01, for a total transaction of $3,280,266.00. Following the completion of the sale, the director now owns 33,600 shares in the company, valued at approximately $16,699,536. The disclosure for this sale can be found here. Insiders have sold a total of 32,922 shares of company stock worth $15,146,557 over the last quarter. 0.28% of the stock is owned by company insiders.

Analysts Set New Price Targets

NOW has been the topic of several recent analyst reports. Citigroup cut their price objective on shares of ServiceNow from $600.00 to $575.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. Truist Financial cut their price objective on shares of ServiceNow from $600.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. Royal Bank of Canada cut their price objective on shares of ServiceNow from $670.00 to $610.00 in a report on Monday, July 18th. Wells Fargo & Company cut their price objective on shares of ServiceNow from $600.00 to $550.00 and set an “overweight” rating on the stock in a report on Monday, July 25th. Finally, KeyCorp cut their price target on shares of ServiceNow from $567.00 to $520.00 and set an “overweight” rating on the stock in a report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $593.29.

ServiceNow Stock Down 3.6 %

NOW stock opened at $386.97 on Friday. The firm has a market cap of $78.17 billion, a price-to-earnings ratio of 425.24, a PEG ratio of 8.37 and a beta of 0.94. ServiceNow, Inc. has a 1-year low of $386.70 and a 1-year high of $707.60. The firm has a fifty day moving average price of $454.93 and a two-hundred day moving average price of $479.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.12 and a quick ratio of 1.12.

ServiceNow (NYSE:NOWGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The information technology services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.08. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. ServiceNow had a net margin of 2.79% and a return on equity of 7.22%. ServiceNow’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. Research analysts predict that ServiceNow, Inc. will post 1.72 EPS for the current year.

About ServiceNow

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ServiceNow, Inc provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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