ServiceNow, Inc. $NOW Shares Purchased by AMI Asset Management Corp
📈 AMI Asset Management increased holdings by 112.2% to $39.66 million.
🏦 Other institutions like Ameriflex Group also significantly boosted positions.
📉 Analysts lowered price targets to $134-$180 but kept buy ratings.
💰 ServiceNow trades at $102.99B market cap with 59.53 P/E ratio.
💸 Insiders sold $2.53M shares, leaving only 0.34% ownership stake.
📈 AMI Asset Management Corp increased its ServiceNow holdings by 112.2% in Q1, acquiring 200,577 shares to reach a total value of $39.66 million.
🏦 Other institutional investors including Ameriflex Group Inc. and Pin Oak Investment Advisors also significantly boosted their positions during the third quarter.
📉 Major analysts including Morgan Stanley, Piper Sandler, and Canaccord Genuity lowered their price targets to between $134 and $180 in late April.
💰 Despite target cuts, all major analysts maintained 'buy' or 'overweight' ratings on the stock.
📊 ServiceNow trades at a market cap of $102.99 billion with a P/E ratio of 59.53 and a beta of 0.94.
📉 The stock is currently trading below its 200-day moving average of $114.38 but above its 50-day moving average of $100.17.
💸 Insiders Jacqueline P. Canney and Anita M. Sands sold a combined total of 28,071 shares worth approximately $2.53 million in the last quarter.
📉 Following insider sales, company insiders now own only 0.34% of the outstanding stock.
🏢 Institutional investors and hedge funds collectively own 87.18% of ServiceNow's total stock.
🛠️ The company operates the Now Platform, a suite of subscription software for IT operations, customer service, HR, and security management.
- AMI Asset Management Corp increased stake by over 100% in Q1.
- Ameriflex Group Inc. and Pin Oak Investment Advisors raised holdings in Q3.
- Analysts maintain buy or overweight ratings despite lowering price targets.
- Institutional ownership concentration stands at 87.18%.
- Major analysts lowered price targets recently.
- Directors sold over $2.5 million in shares.
- Stock trades below $114.38 200-day moving average.
- Significant institutional accumulation with AMI Asset Management Corp increasing its stake by over 100% in Q1.
- Multiple other funds including Ameriflex Group Inc. and Pin Oak Investment Advisors increased their holdings in the third quarter.
- Analysts maintain 'buy' or 'overweight' ratings despite lowering specific price targets, indicating continued confidence in long-term prospects.
- Strong institutional ownership concentration at 87.18% suggests stability and reduced volatility compared to small-cap peers.
- Multiple major analysts including Morgan Stanley, Piper Sandler, and Canaccord Genuity recently lowered their price targets on the stock.
- Significant insider selling activity occurred in the last quarter with directors offloading over $2.5 million worth of shares.
- The stock is currently trading below its 200-day moving average of $114.38, indicating potential short-term weakness or consolidation.