ServiceNow (NYSE:NOW) Insider Sells $1,082,886.00 in Stock

ServiceNow, Inc. (NYSE:NOW) insider Jacqueline Canney sold 7,847 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the transaction, the insider directly owned 30,042 shares in the company, valued at approximately $4,145,796. This trade represents a 20.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ServiceNow Price Performance

Shares of NOW stock opened at $146.03 on Friday. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $194.73. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $116.35 and a two-hundred day simple moving average of $107.71. The stock has a market capitalization of $151.00 billion, a price-to-earnings ratio of 91.27, a P/E/G ratio of 2.49 and a beta of 0.97.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The company’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period last year, the firm earned $0.81 earnings per share. On average, analysts predict that ServiceNow, Inc. will post 2.24 EPS for the current fiscal year.

Institutional Trading of ServiceNow

A number of hedge funds have recently modified their holdings of the stock. Brighton Jones LLC increased its holdings in shares of ServiceNow by 1.1% during the 4th quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider’s stock valued at $2,919,000 after purchasing an additional 30 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in ServiceNow by 4.2% during the second quarter. Sivia Capital Partners LLC now owns 837 shares of the information technology services provider’s stock worth $861,000 after buying an additional 34 shares in the last quarter. United Bank grew its position in ServiceNow by 15.5% during the second quarter. United Bank now owns 1,519 shares of the information technology services provider’s stock valued at $1,562,000 after buying an additional 204 shares during the period. Riggs Asset Managment Co. Inc. grew its position in ServiceNow by 2.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,922 shares of the information technology services provider’s stock valued at $1,976,000 after buying an additional 42 shares during the period. Finally, Nebula Research & Development LLC increased its holdings in ServiceNow by 205.1% in the second quarter. Nebula Research & Development LLC now owns 906 shares of the information technology services provider’s stock valued at $931,000 after buying an additional 609 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Enterprise AI software stocks are gaining broadly after Palantir announced an expanded PwC alliance, helping lift sentiment across peers including ServiceNow. The broader software rebound reflects reduced concern that AI will erode seat-based revenue. Palantir, ServiceNow and Salesforce rally
• Positive Sentiment: ServiceNow’s collaboration with Aramco Digital is expected to support AI-powered enterprise transformation and potentially broaden adoption of the Now Platform across more than 50 countries. The agreement reinforces ServiceNow’s position as a distribution platform for enterprise AI applications. ServiceNow and Aramco Digital collaboration
• Positive Sentiment: Third-party integrations are strengthening the AI narrative. Pricefx introduced a deal-optimization application on the ServiceNow AI Platform, adding AI-guided pricing, negotiation and product recommendations to enterprise sales workflows. ServiceNow as an enterprise AI commerce platform
• Neutral Sentiment: ServiceNow has rallied about 28% in a month, prompting debate over whether investors should take profits or add to positions. The rebound improves momentum but also raises valuation and execution concerns; NOW trades at a high earnings multiple, making further gains dependent on strong AI monetization and growth. ServiceNow rally and valuation analysis
• Negative Sentiment: A reported vulnerability in the ServiceNow AI Platform allegedly allows attackers to break out of a sandbox. If confirmed and not rapidly addressed, the issue could create cybersecurity, customer-trust and reputational risks. ServiceNow AI Platform sandbox vulnerability
• Negative Sentiment: Insider selling is creating a modest sentiment headwind. Paul Fipps sold 2,034 shares worth approximately $301,000, reducing his holdings by 10%. Such transactions can be routine, but the recent cluster of insider sales may encourage profit-taking after the sharp advance. Paul Fipps sells ServiceNow shares

Wall Street Analyst Weigh In

Several research firms have issued reports on NOW. Evercore reaffirmed an “outperform” rating and issued a $160.00 price target on shares of ServiceNow in a report on Thursday, July 23rd. Citigroup reiterated a “market outperform” rating on shares of ServiceNow in a report on Thursday, July 23rd. Truist Financial raised their price target on ServiceNow from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Needham & Company LLC restated a “buy” rating and set a $115.00 price target on shares of ServiceNow in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised shares of ServiceNow from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.24.

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.