0% Of NOW Inc. (DNOW) Is Owned By Hedge Funds

NOW Inc. (NYSE:DNOW) recovered 3.59% of its value since hitting low of $9.75. The recent move of -5.78% drop pushed the stock to close at $10.1 when trading ended on 12/06/2017. At recent session, the prices were hovering between $10.015 and $10.83. This company shares are 38.61% off its target price of $14 and the current market capitalization stands at $1.09B. The recent change has given its price a -14.92% deficit over SMA 50 and -57.08% deficit over its 52-week high. The stock witnessed -11.56% declines, -16.94% declines and -39.48% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found DNOW’s volatility during a week at 4.81% and during a month it has been found around 4.02%.

NOW Inc. (DNOW) Top Holders

Institutional investors currently hold around $1.21 billion or 0% in DNOW stock. Look at its top three institutional owners. Baillie Gifford & Co owns $140 million in NOW Inc., which represents roughly 12.84% of the company’s market cap and approximately 11.6% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 11,196,855 shares of the stock are valued at $120.03 million. The third largest holder is Vanguard Group Inc, which currently holds $96.87 million worth of this stock and that ownership represents nearly 8.89% of its market capitalization.

NOW Inc. 13F Filings

At the end of 09/30/2017 reporting period, 134 institutional holders increased their position in NOW Inc. (NYSE:DNOW) by some 11,532,660 shares, 117 decreased positions by 8,272,806 and 52 held positions by 92,766,007. That puts total institutional holdings at 112,571,473 shares, according to SEC filings. The stock grabbed 29 new institutional investments totaling 4,220,681 shares while 39 institutional investors sold out their entire positions totaling 4,656,510 shares.

NOW Inc. (NYSE:DNOW) Insider Trades

Multiple company employees have indulged in significant insider trading. NOW Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Crandell James has acquired 5,000 shares of NOW Inc. (DNOW) in trading session dated May. 25, 2017. These shares are worth $87,650 and were traded at $17.53 each. The SEC filing shows that Eads Rodney W performed a purchase of 5,264 shares. The Director added these shares by way of transaction on Mar. 07, 2017. The company’s shares were assimilated at $18.99 per share worth to an investment of some $99,963 on account of Eads Rodney W.

President and CEO, Workman Robert R, purchased 5,610 common shares of NOW Inc. (DNOW) in the open market. In a transaction dated Nov. 07, 2014, the shares were bought at an average price of $28, giving away a sum of $157,080. After this purchase, 166,705 common shares of DNOW are directly owned by the insider, with total stake valued at $1,683,721.

In the transaction dated Sep. 25, 2014, the great number of shares acquired came courtesy the President and CEO; Workman Robert R added a total of 10,646 shares at an average price of $30.68, amounting to approximately $326,619. The insider now directly owns 161,095 shares worth $1,627,060.

NOW Inc. (DNOW) Analyst Guide

Several analysts have released their opinion on NOW Inc. (NYSE:DNOW), with 3 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.4 average brokerage recommendation.

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