Kampmann Melissa S. Invests $1.29 Million in ServiceNow, Inc. $NOW

Kampmann Melissa S. bought a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the fourth quarter, Holdings Channel.com reports. The fund bought 8,450 shares of the information technology services provider’s stock, valued at approximately $1,294,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NOW. Parcion Private Wealth LLC purchased a new position in ServiceNow during the fourth quarter worth approximately $539,000. Means Investment CO. Inc. increased its position in shares of ServiceNow by 395.3% in the fourth quarter. Means Investment CO. Inc. now owns 8,579 shares of the information technology services provider’s stock valued at $1,314,000 after buying an additional 6,847 shares in the last quarter. Provenance Wealth Advisors LLC increased its position in shares of ServiceNow by 234.2% in the fourth quarter. Provenance Wealth Advisors LLC now owns 2,500 shares of the information technology services provider’s stock valued at $383,000 after buying an additional 1,752 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of ServiceNow by 384.4% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,555 shares of the information technology services provider’s stock worth $238,000 after buying an additional 1,234 shares during the period. Finally, Trinity Legacy Partners LLC lifted its position in shares of ServiceNow by 410.6% during the 4th quarter. Trinity Legacy Partners LLC now owns 35,684 shares of the information technology services provider’s stock valued at $5,466,000 after buying an additional 28,696 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Compliance and GRC integration: ComplianceCow announced an integration with ServiceNow Integrated Risk Management to automate continuous controls monitoring — a product tie that supports adoption in cybersecurity and GRC workflows. ComplianceCow Announces Integration
• Positive Sentiment: International expansion/AI traction: ServiceNow is expanding its AI Workflow Hub and adding data centers in Brazil, signaling stronger enterprise adoption and revenue expansion opportunities in LATAM. ServiceNow Expands AI Workflow Hub In Brazil
• Positive Sentiment: High-visibility endorsement and buyback support: Jim Cramer and other commentators highlighted ServiceNow’s buyback and insider buying, which can boost investor confidence and provide short-term support. Jim Cramer on ServiceNow
• Neutral Sentiment: Market technicals/risk-on backdrop: Broader market risk-on (geopolitical easing) helped software names rally today, a context that lifted NOW alongside peers. Why Is ServiceNow Stock Rocketing
• Neutral Sentiment: Talent & culture PR: Articles about mentorship, internships and continuous learning (early-career hiring) are positive for long-term talent pipeline but have limited near-term price impact. Early Career Growth at ServiceNow
• Negative Sentiment: Widespread price-target cuts: Multiple banks trimmed targets (Deutsche Bank, HSBC, TD Cowen, Robert W. Baird, Capital One, BMO, Citi), which pressures sentiment even when ratings are often retained. Representative coverage: Deutsche Bank Lowers Price Target
• Negative Sentiment: Negative macro narratives hitting SaaS: Pieces framing a “death of software,” “AI seat contraction,” or a broader “SaaSpocalypse” are weighing on investor expectations for license/seat growth and multiple compression. Death of Software Narrative
• Negative Sentiment: Downside narratives and short-interest debate: Coverage highlighting the stock’s YTD plunge and comparisons as a short candidate amplify downside pressure and volatility ahead of upcoming catalysts (e.g., earnings). ServiceNow vs Shopify Short Candidate

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NOW shares. Jefferies Financial Group dropped their price target on shares of ServiceNow from $230.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. DZ Bank upgraded shares of ServiceNow to a “strong-buy” rating in a research report on Thursday, December 18th. Arete Research set a $200.00 price objective on shares of ServiceNow in a report on Tuesday, January 6th. KeyCorp dropped their target price on shares of ServiceNow from $155.00 to $115.00 and set an “underweight” rating on the stock in a research report on Thursday, January 29th. Finally, Benchmark began coverage on shares of ServiceNow in a research note on Wednesday, April 1st. They set a “buy” rating and a $125.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and a consensus target price of $173.46.

ServiceNow Price Performance

NYSE:NOW opened at $96.43 on Friday. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $211.48. The stock has a market cap of $99.91 billion, a PE ratio of 57.81, a P/E/G ratio of 1.58 and a beta of 1.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50 day moving average price of $105.80 and a 200 day moving average price of $141.47.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.53 billion. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. Equities research analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Insider Transactions at ServiceNow

In related news, Director Paul Edward Chamberlain sold 1,500 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $101.17, for a total transaction of $151,755.00. Following the completion of the sale, the director directly owned 46,430 shares in the company, valued at approximately $4,697,323.10. This trade represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Fipps sold 9,641 shares of ServiceNow stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the transaction, the insider directly owned 11,757 shares in the company, valued at $1,245,419.01. This trade represents a 45.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,237 shares of company stock worth $1,697,162 in the last quarter. Company insiders own 0.34% of the company’s stock.

About ServiceNow

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.