ServiceNow, Inc. (NOW) Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC cut its stake in ServiceNow, Inc. (NYSE:NOW) by 2.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 143,193 shares of the information technology services provider’s stock after selling 3,380 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 0.08% of ServiceNow worth $12,525,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Commonwealth Bank of Australia boosted its stake in ServiceNow by 18.1% in the third quarter. Commonwealth Bank of Australia now owns 1,306 shares of the information technology services provider’s stock valued at $104,000 after buying an additional 200 shares during the last quarter. Mosaic Family Wealth LLC purchased a new stake in ServiceNow during the third quarter valued at about $111,000. Hartford Financial Management Inc. purchased a new stake in ServiceNow during the first quarter valued at about $125,000. First Personal Financial Services boosted its stake in ServiceNow by 37.5% in the first quarter. First Personal Financial Services now owns 1,623 shares of the information technology services provider’s stock valued at $142,000 after buying an additional 443 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in ServiceNow by 357.0% in the first quarter. IFP Advisors Inc now owns 1,773 shares of the information technology services provider’s stock valued at $155,000 after buying an additional 1,385 shares during the last quarter. Institutional investors own 97.61% of the company’s stock.

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

ServiceNow, Inc. (NOW) opened at 101.20 on Friday. ServiceNow, Inc. has a 1-year low of $63.51 and a 1-year high of $110.66. The firm’s market cap is $17.18 billion. The firm has a 50 day moving average of $101.14 and a 200 day moving average of $89.25.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, April 26th. The information technology services provider reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.16) by $0.02. The firm had revenue of $416.80 million during the quarter, compared to analysts’ expectations of $409.26 million. ServiceNow had a negative return on equity of 31.34% and a negative net margin of 10.60%. The business’s revenue was up 36.3% on a year-over-year basis. During the same period last year, the business earned $0.09 earnings per share. On average, equities research analysts expect that ServiceNow, Inc. will post $1.16 EPS for the current year.

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NOW has been the topic of a number of research reports. ValuEngine raised shares of ServiceNow from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of ServiceNow from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Stephens initiated coverage on shares of ServiceNow in a research note on Thursday, May 25th. They issued an “overweight” rating and a $120.00 target price on the stock. Mizuho reissued a “buy” rating and issued a $100.00 target price on shares of ServiceNow in a research note on Tuesday, February 28th. Finally, Cowen and Company reissued an “outperform” rating and issued a $110.00 target price on shares of ServiceNow in a research note on Tuesday, February 28th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $103.55.

In other news, CRO David Schneider sold 2,243 shares of ServiceNow stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $97.04, for a total value of $217,660.72. Following the transaction, the executive now directly owns 47,654 shares of the company’s stock, valued at $4,624,344.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederic B. Luddy sold 167,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $108.34, for a total transaction of $18,092,780.00. Following the transaction, the director now directly owns 11,190 shares in the company, valued at $1,212,324.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 696,673 shares of company stock worth $64,476,246. 5.90% of the stock is currently owned by insiders.

ServiceNow Company Profile

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

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