Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of ServiceNow, Inc. (NYSE:NOW). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in ServiceNow stock on April 14th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.
Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 5/1/2026.
- Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of LPL Financial (NASDAQ:LPLA) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 5/1/2026.
- Sold $1,001 – $15,000 in shares of SS&C Technologies (NASDAQ:SSNC) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of Wayfair (NYSE:W) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of STERIS (NYSE:STE) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of Sensata Technologies (NYSE:ST) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of Veralto (NYSE:VLTO) on 5/1/2026.
ServiceNow Stock Performance
NYSE NOW traded down $1.42 on Tuesday, hitting $90.07. 7,592,517 shares of the stock traded hands, compared to its average volume of 21,275,383. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The business’s fifty day moving average is $102.18 and its two-hundred day moving average is $131.38. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $211.48. The firm has a market capitalization of $92.86 billion, a price-to-earnings ratio of 53.67, a PEG ratio of 1.61 and a beta of 0.82.
Wall Street Analyst Weigh In
A number of brokerages recently commented on NOW. Royal Bank Of Canada restated an “outperform” rating and set a $121.00 price target on shares of ServiceNow in a research note on Tuesday, May 5th. The Goldman Sachs Group reduced their price target on ServiceNow from $188.00 to $163.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Capital One Financial raised their target price on ServiceNow from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Citizens Jmp reissued a “market outperform” rating and issued a $157.00 price target on shares of ServiceNow in a report on Tuesday, May 5th. Finally, Barclays reaffirmed an “overweight” rating and set a $134.00 target price (up from $132.00) on shares of ServiceNow in a report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and a consensus target price of $144.71.
Insider Transactions at ServiceNow
In other news, insider Kevin Thomas Mcbride sold 1,400 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $105.71, for a total value of $147,994.00. Following the sale, the insider directly owned 26,314 shares of the company’s stock, valued at $2,781,652.94. This represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jacqueline P. Canney sold 8,927 shares of ServiceNow stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $89.60, for a total transaction of $799,859.20. Following the transaction, the insider owned 29,531 shares of the company’s stock, valued at $2,645,977.60. The trade was a 23.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 25,164 shares of company stock valued at $2,497,021 in the last three months. Company insiders own 0.34% of the company’s stock.
Trending Headlines about ServiceNow
Here are the key news stories impacting ServiceNow this week:
- Positive Sentiment: ServiceNow announced Boomi as the launch partner for its Workflow Data Network Passport Program, a move aimed at helping customers accelerate AI-driven outcomes and improve enterprise data activation. Boomi and ServiceNow Partner to Power Data Activation Across the Enterprise
- Positive Sentiment: Analysts continue to back the stock, with Evercore ISI raising its price target to $150 from $140 and maintaining an Outperform rating, citing strengthening AI growth prospects and a large addressable market. ServiceNow (NOW) Price Target Raised as AI Growth Story Gains Strength
- Positive Sentiment: At Knowledge 2026, ServiceNow highlighted expanded AI offerings, including AI Control Tower integrations, security and identity tools, and new partnerships around governed autonomous agents, reinforcing its position in enterprise AI control and compliance. ServiceNow Seeks AI Control Role As Stock Struggles And Partnerships Grow
- Positive Sentiment: FedEx is expanding its partnership with ServiceNow, another sign of customer traction for the company’s workflow and automation platform. FedEx expands ServiceNow partnership
- Neutral Sentiment: ServiceNow is planning to raise $4 billion in a bond sale, which could provide financial flexibility but also adds incremental balance-sheet activity for investors to watch. Software Firm ServiceNow Plans to Raise $4 Billion in Bond Sale
- Neutral Sentiment: Commentary around ServiceNow’s AI control strategy and its recent stock pullback suggests investors are weighing improving product execution against the company’s still-depressed share price and broader valuation reset. Is ServiceNow (NOW) Resetting After A 52% Slide And DCF Upside Scenario?
- Negative Sentiment: Some coverage questions whether ServiceNow’s AI and identity efforts can fully solve enterprise identity and governance challenges, highlighting execution risk despite the optimistic product roadmap. ServiceNow Knowledge ’26 and the Identity Question AI Can’t Answer
Institutional Trading of ServiceNow
A number of hedge funds have recently made changes to their positions in the stock. Cohen Klingenstein LLC increased its position in shares of ServiceNow by 400.0% during the fourth quarter. Cohen Klingenstein LLC now owns 10,000 shares of the information technology services provider’s stock valued at $1,532,000 after buying an additional 8,000 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in ServiceNow by 385.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,599,397 shares of the information technology services provider’s stock valued at $398,202,000 after acquiring an additional 2,064,440 shares in the last quarter. Torray Investment Partners LLC grew its holdings in shares of ServiceNow by 390.5% during the 4th quarter. Torray Investment Partners LLC now owns 40,629 shares of the information technology services provider’s stock worth $6,224,000 after acquiring an additional 32,345 shares during the period. Jennison Associates LLC raised its position in shares of ServiceNow by 280.1% in the 4th quarter. Jennison Associates LLC now owns 8,432,389 shares of the information technology services provider’s stock worth $1,291,758,000 after acquiring an additional 6,213,762 shares in the last quarter. Finally, Narwhal Capital Management raised its position in shares of ServiceNow by 763.5% in the 4th quarter. Narwhal Capital Management now owns 16,977 shares of the information technology services provider’s stock worth $2,601,000 after acquiring an additional 15,011 shares in the last quarter. 87.18% of the stock is owned by institutional investors.
About Representative Cisneros
Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.
Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.
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.
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