ServiceNow, Inc. $NOW Shares Purchased by Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lifted its stake in ServiceNow, Inc. (NYSE:NOW) by 223.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,318 shares of the information technology services provider’s stock after purchasing an additional 65,140 shares during the quarter. ServiceNow comprises about 1.2% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s portfolio, making the stock its 27th largest holding. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in ServiceNow were worth $9,364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of ServiceNow in the fourth quarter worth about $2,020,992,000. World Investment Advisors lifted its holdings in shares of ServiceNow by 411.7% during the fourth quarter. World Investment Advisors now owns 47,955 shares of the information technology services provider’s stock worth $7,346,000 after purchasing an additional 38,583 shares during the period. Moors & Cabot Inc. boosted its position in ServiceNow by 387.7% in the fourth quarter. Moors & Cabot Inc. now owns 45,630 shares of the information technology services provider’s stock valued at $6,990,000 after buying an additional 36,274 shares during the last quarter. Bank of Nova Scotia boosted its position in ServiceNow by 53.3% in the first quarter. Bank of Nova Scotia now owns 1,018,036 shares of the information technology services provider’s stock valued at $106,436,000 after buying an additional 353,749 shares during the last quarter. Finally, Huntington National Bank increased its holdings in ServiceNow by 397.1% in the 4th quarter. Huntington National Bank now owns 544,257 shares of the information technology services provider’s stock worth $83,375,000 after buying an additional 434,761 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a $140.00 price target (up from $135.00) on shares of ServiceNow in a research report on Thursday, July 23rd. Guggenheim raised shares of ServiceNow from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Wednesday, July 1st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $248.00 price objective (up from $236.00) on shares of ServiceNow in a research note on Thursday, July 23rd. Benchmark reissued a “buy” rating on shares of ServiceNow in a report on Friday, July 17th. Finally, Robert W. Baird boosted their target price on shares of ServiceNow from $118.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, ServiceNow has a consensus rating of “Moderate Buy” and a consensus price target of $144.73.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow’s acquisition of Sweep is intended to strengthen its competitive challenge to Salesforce by expanding its sales and customer-workflow capabilities. The deal could improve NOW’s ability to offer a broader AI-enabled platform to enterprise customers. ServiceNow Sharpens Its Salesforce Attack With Sweep Acquisition
• Positive Sentiment: BTIG raised its ServiceNow price target to $170 from $150 and maintained a “buy” rating, signaling confidence in the company’s AI opportunity, recurring subscription revenue and long-term growth prospects. BTIG Raises ServiceNow Price Target
• Positive Sentiment: Deloitte was named a Leader in IDC’s assessment of ServiceNow implementation-service providers. The recognition supports ServiceNow’s partner ecosystem and could help drive additional AI-transformation deployments on its platform. Deloitte Named a Leader in ServiceNow Implementation Services
• Neutral Sentiment: NOW has gained about 25% over three months and approximately 33% in the latest month as concerns that AI could broadly disrupt software stocks eased. The company’s roughly $4 billion quarterly revenue, up about 24% year over year, reinforces the growth case, but investors are debating whether the rally is fully priced in. ServiceNow Jumps 25% in 3 Months
• Neutral Sentiment: Market commentary highlights a valuation reset and renewed dip-buying interest, while technical traders are watching resistance near $126–$129. Continued trading above that area could support further momentum, though the signal is not fundamental confirmation. ServiceNow Stock Opinions on Recent Price Action and Valuation Reset
• Negative Sentiment: Analysts and investors continue to cite intense competition, possible margin pressure and NOW’s premium valuation as risks. ServiceNow insiders have also reported multiple open-market sales without purchases in the past six months, which may weigh on sentiment even though such transactions do not necessarily reflect deteriorating fundamentals. ServiceNow Buy, Sell or Hold Analysis

ServiceNow Trading Down 5.0%

Shares of NYSE:NOW opened at $134.21 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $194.73. The business has a 50 day moving average of $118.73 and a two-hundred day moving average of $108.39. The company has a market capitalization of $138.77 billion, a PE ratio of 83.88, a PEG ratio of 2.57 and a beta of 0.97.

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

Insider Activity at ServiceNow

In related news, insider Jacqueline Canney sold 7,847 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the sale, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Chamberlain sold 2,700 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $135.50, for a total transaction of $365,850.00. Following the completion of the transaction, the director owned 43,990 shares of the company’s stock, valued at approximately $5,960,645. This trade represents a 5.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 14,081 shares of company stock worth $1,937,904. 0.34% of the stock is owned by company insiders.

About ServiceNow

ServiceNow, Inc is a cloud-based enterprise software company that provides digital workflow and automation solutions. Its Now Platform enables organizations to manage and connect business processes across information technology, customer service, human resources, finance, legal operations and other departments.

The company’s products and services include IT service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance management, strategic portfolio management and application development tools.