Silver Oak Securities Incorporated Buys 1,124 Shares of ServiceNow, Inc. (NYSE:NOW)

Silver Oak Securities Incorporated raised its position in ServiceNow, Inc. (NYSE:NOW) by 2,391.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,171 shares of the information technology services provider’s stock after purchasing an additional 1,124 shares during the quarter. Silver Oak Securities Incorporated’s holdings in ServiceNow were worth $827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. U.S. Capital Wealth Advisors LLC grew its holdings in shares of ServiceNow by 7.8% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 513 shares of the information technology services provider’s stock worth $287,000 after acquiring an additional 37 shares during the period. Golden State Equity Partners raised its holdings in ServiceNow by 7.1% in the third quarter. Golden State Equity Partners now owns 420 shares of the information technology services provider’s stock worth $235,000 after purchasing an additional 28 shares in the last quarter. Brookstone Capital Management lifted its position in ServiceNow by 140.6% during the third quarter. Brookstone Capital Management now owns 9,113 shares of the information technology services provider’s stock valued at $5,103,000 after buying an additional 5,325 shares during the period. Commonwealth Equity Services LLC grew its position in shares of ServiceNow by 5.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 36,699 shares of the information technology services provider’s stock worth $20,514,000 after buying an additional 1,946 shares during the period. Finally, Busey Trust CO bought a new position in shares of ServiceNow during the third quarter valued at approximately $229,000. Institutional investors own 87.18% of the company’s stock.

ServiceNow Trading Down 0.2 %

Shares of NOW stock opened at $721.90 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.06 and a current ratio of 1.05. The stock has a fifty day simple moving average of $758.35 and a two-hundred day simple moving average of $711.15. The firm has a market capitalization of $148.26 billion, a PE ratio of 77.21, a PEG ratio of 4.83 and a beta of 0.97. ServiceNow, Inc. has a 52-week low of $428.97 and a 52-week high of $815.32.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JMP Securities reissued a “market outperform” rating and issued a $825.00 price target on shares of ServiceNow in a research report on Tuesday, April 23rd. Morgan Stanley increased their price objective on shares of ServiceNow from $814.00 to $830.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Royal Bank of Canada upped their target price on shares of ServiceNow from $840.00 to $850.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Citigroup lifted their target price on ServiceNow from $896.00 to $906.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, StockNews.com downgraded ServiceNow from a “buy” rating to a “hold” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, ServiceNow has a consensus rating of “Moderate Buy” and a consensus price target of $807.28.

Insider Transactions at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 1,180 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO William R. Mcdermott sold 5,030 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul John Smith sold 1,180 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total value of $905,201.60. Following the transaction, the insider now owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The disclosure for this sale can be found here. Insiders sold a total of 11,369 shares of company stock valued at $8,538,300 over the last 90 days. Company insiders own 0.25% of the company’s stock.

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.