On September 17, 2023, it was reported that B.O.S.S. Retirement Advisors LLC had increased its holdings in ServiceNow, Inc. (NYSE:NOW) by 17.4% during the second quarter. According to the disclosure made with the Securities & Exchange Commission, the institutional investor now owns 2,703 shares of ServiceNow’s stock, after purchasing an additional 401 shares in the quarter. The value of B.O.S.S. Retirement Advisors LLC’s holdings in ServiceNow is estimated to be $1,519,000 as per their most recent SEC filing.
In other news related to ServiceNow, insider Christopher Bedi sold 1,000 shares of the company’s stock on September 1st at an average price of $593.51 per share. This transaction amounted to a total value of $593,510.00. As a result of this sale, Bedi now directly holds 15,484 shares of ServiceNow’s stock with an approximate value of $9,189,908.84.
The details of this transaction were disclosed in a document filed with the SEC and can be accessed through their website. Furthermore, it can be noted that director Anita M. Sands also sold 1,300 shares of ServiceNow’s stock on August 16th at an average price of $555 per share. The total worth of this transaction was recorded as $721,500.
When considering these recent insider sell-offs at ServiceNow, it is worth mentioning that a total of 17,951 shares have been sold by insiders over the last three months alone with a cumulative value totaling $10,147,437. It should be noted that these insider sales represent just 0.24% of the overall company’s stock ownership.
It is important for investors and stakeholders to pay attention to such transactions carried out by insiders as they provide insights into their confidence in the company’s performance and prospects. However, it is always recommended to conduct thorough research and analysis before making any investment decisions based solely on insider transactions.
ServiceNow, Inc., a leading provider of information technology services, continues to be of interest to investors due to its strong market position and growth potential. The company offers cloud-based solutions that help streamline workflow processes and enhance productivity for businesses across various sectors. As the IT industry evolves, ServiceNow remains focused on innovation and meeting the changing needs of its customers.
Investors interested in ServiceNow’s performance and future prospects can refer to our latest report on the company for further insights into its financials, market positioning, and growth strategies.
In conclusion, B.O.S.S. Retirement Advisors LLC has increased its holdings in ServiceNow during the second quarter of 2023. Moreover, recent insider sell-offs by Christopher Bedi and Anita M. Sands have been disclosed through SEC filings. Investors should carefully evaluate these transactions alongside other relevant factors when assessing their investment decisions in ServiceNow.
Strong Investor Interest and Analyst Buzz Surround ServiceNow, Inc.
ServiceNow, Inc. (NYSE: NOW) has caught the attention of numerous hedge funds and institutional investors as they continue to buy and sell shares of the information technology services provider. Norges Bank, for instance, recently acquired a new stake in ServiceNow during the fourth quarter valued at $872,202,000. Meanwhile, GQG Partners LLC raised its stake in the company by a staggering 63,533.9% during the first quarter, now owning over 1.5 million shares valued at $713,867,000.
Moneta Group Investment Advisors LLC also saw a substantial increase in their stake in ServiceNow, with a growth rate of 69,897.5% during the fourth quarter. Their current ownership now amounts to 856,069 shares valued at $332,386,000. Similarly, Winslow Capital Management LLC experienced a significant rise in their stake by 135.9% in the same period and now owns 1,2726706 shares worth $4945$,1540$0.
These figures indicate strong interest from investors in ServiceNow’s stock. Furthermore, Price T Rowe Associates Inc. MD has raised its stake by 5.2% and currently possess14s83543s423 shares amounting to $5760r14900$0.$ Finally$,$ hedge funds and other institutional investors collectively own an impressive 87e14% of the company’s stock.
In addition to this investor buzz$,$ ServiceNow has also been generating interest among analysts who have issued reports on its performance recently. Wells Fargo & Company notably increased their target price from $62500$0to $65000$01in a research note released on Thursday , July 27th . Similarly , BMO Capital Markets boosted their target price from $515r0051005to $63004ri$i$n45n25a44note similarlS3asag¯AMp=Si¯QAaRryosargiCeserviaEtaNow0te£ceives revenue of $2b15n billion during the quarter%? compared to analystsl expectations of £2133l billion InsiderA¥uvs av.3nable coverageponentialloPk)UriQ.a aofoMs=SaaSARCX(login information that haSgmResearch:. Laccount (EPS)).(tr2£wPlease cloSmBDt( this is the last article for todayQ