Sandbox Financial Partners LLC Buys 66 Shares of ServiceNow, Inc. (NYSE:NOW)

Sandbox Financial Partners LLC boosted its position in ServiceNow, Inc. (NYSE:NOW) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 835 shares of the information technology services provider’s stock after purchasing an additional 66 shares during the quarter. Sandbox Financial Partners LLC’s holdings in ServiceNow were worth $590,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. PFG Private Wealth Management LLC purchased a new position in ServiceNow during the 3rd quarter worth $28,000. First Capital Advisors Group LLC. acquired a new stake in ServiceNow in the second quarter worth about $29,000. High Net Worth Advisory Group LLC purchased a new stake in shares of ServiceNow during the first quarter worth about $29,000. Steward Financial Group LLC increased its holdings in shares of ServiceNow by 125.0% during the third quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 35 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in shares of ServiceNow in the 3rd quarter valued at approximately $35,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup lifted their price objective on shares of ServiceNow from $862.00 to $896.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Needham & Company LLC increased their price objective on ServiceNow from $660.00 to $900.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Mizuho lifted their target price on ServiceNow from $750.00 to $820.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Argus increased their price target on shares of ServiceNow from $675.00 to $770.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. Finally, Truist Financial lifted their price objective on shares of ServiceNow from $700.00 to $750.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Two 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $762.96.

Insider Buying and Selling

In other ServiceNow news, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction on 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 owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Paul John Smith sold 1,180 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 1,392 shares in the company, valued at approximately $1,067,831.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of the firm’s 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 sale, the chief executive officer now owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,164 shares of company stock worth $9,940,303. 0.24% of the stock is owned by corporate insiders.

ServiceNow Stock Performance

NYSE:NOW opened at $761.61 on Friday. The company has a fifty day moving average of $769.61 and a two-hundred day moving average of $680.16. ServiceNow, Inc. has a fifty-two week low of $427.68 and a fifty-two week high of $815.32. The stock has a market capitalization of $156.13 billion, a PE ratio of 90.56, a P/E/G ratio of 4.83 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.06.

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

About ServiceNow

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.