OV Management LLC Has $1.16 Million Position in ServiceNow, Inc. $NOW

OV Management LLC lifted its stake in ServiceNow, Inc. (NYSE:NOW) by 391.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,585 shares of the information technology services provider’s stock after acquiring an additional 6,042 shares during the quarter. ServiceNow makes up 1.0% of OV Management LLC’s portfolio, making the stock its 16th biggest holding. OV Management LLC’s holdings in ServiceNow were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. IAG Wealth Partners LLC grew its stake in ServiceNow by 200.0% in the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 18 shares in the last quarter. Bogart Wealth LLC grew its stake in ServiceNow by 93.8% in the third quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 15 shares in the last quarter. Wealth Watch Advisors INC purchased a new position in ServiceNow in the third quarter valued at about $29,000. Albion Financial Group UT grew its stake in ServiceNow by 78.9% in the third quarter. Albion Financial Group UT now owns 34 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 15 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in ServiceNow by 52.0% in the third quarter. True Wealth Design LLC now owns 38 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 13 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on NOW. Sanford C. Bernstein restated an “outperform” rating on shares of ServiceNow in a research note on Thursday, January 29th. Stifel Nicolaus lowered their target price on ServiceNow from $180.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Robert W. Baird lowered their target price on ServiceNow from $175.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Jefferies Financial Group lowered their target price on ServiceNow from $230.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Finally, Benchmark assumed coverage on shares of ServiceNow in a report on Wednesday, April 1st. They set a “buy” rating and a $125.00 price target on the stock. Three equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.46.

Insider Activity

In related news, insider Kevin Thomas Mcbride sold 1,400 shares of ServiceNow stock in a transaction on Friday, February 13th. The shares were sold at an average price of $105.71, for a total value of $147,994.00. Following the transaction, the insider owned 26,314 shares in the company, valued at $2,781,652.94. This trade represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total transaction of $151,755.00. Following the completion of the transaction, the director owned 46,430 shares in the company, valued at $4,697,323.10. This trade represents a 3.13% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 16,237 shares of company stock worth $1,697,162. 0.34% of the stock is owned by corporate insiders.

ServiceNow Stock Up 3.1%

ServiceNow stock opened at $99.70 on Tuesday. The company has a market capitalization of $103.30 billion, a P/E ratio of 59.77, a P/E/G ratio of 1.62 and a beta of 1.01. The firm’s fifty day simple moving average is $105.63 and its 200-day simple moving average is $139.66. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. ServiceNow, Inc. has a 1-year low of $81.24 and a 1-year high of $211.48.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.53 billion. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. ServiceNow’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS. Sell-side analysts forecast that ServiceNow, Inc. will post 2.49 earnings per share for the current fiscal year.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: BTIG reaffirmed a “buy” rating with a $185 price target, giving investors a bullish anchor and signaling conviction from a sell-side shop. BTIG Reaffirms Buy
• Positive Sentiment: ServiceNow announced AI deployments across the manufacturing value chain (Hannover), which highlights tangible product traction and enterprise use cases that support recurring revenue growth. ServiceNow Puts AI to Work Across Manufacturing
• Positive Sentiment: Jim Cramer publicly said he expects “a very solid number,” which can boost short-term investor sentiment and encourage momentum buying into earnings. Jim Cramer on ServiceNow
• Neutral Sentiment: Zacks preview notes Q1 revenue is expected to rise ~21% but flags AI transition, competition and valuation as risks — useful context for earnings-season positioning but not a direct catalyst. Zacks Q1 Preview
• Neutral Sentiment: Partner ecosystem news: Brillio was named a rising star in the ISG ServiceNow ecosystem report (Europe), supporting services/channel momentum but with limited near-term revenue impact. Brillio Recognized in ISG Report
• Negative Sentiment: Analysis pieces warn that ServiceNow’s growth expectations are high versus its stretched valuation; Seeking Alpha argues required earnings growth may be too aggressive for a clear buy. Seeking Alpha Q1 Preview
• Negative Sentiment: Comparisons to Oracle and other cloud peers highlight Oracle’s stronger cloud growth and backlog, reinforcing competitive risk that could pressure multiples for ServiceNow. Oracle vs. ServiceNow
• Negative Sentiment: Multiple outlets frame the situation as a “SaaS-pocalypse” stress test — headlines about the stock “crashing” and survival narratives amplify downside fears ahead of earnings, adding volatility risk. Why Is ServiceNow Stock Crashing?

ServiceNow Company Profile

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.