ServiceNow, Inc. $NOW Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ServiceNow, Inc. (NYSE:NOW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 488,599 shares of the information technology services provider’s stock, valued at approximately $65,477,000.

Other large investors have also recently modified their holdings of the company. ProShare Advisors LLC grew its stake in ServiceNow by 1.0% in the third quarter. ProShare Advisors LLC now owns 197,106 shares of the information technology services provider’s stock worth $26,414,000 after purchasing an additional 1,964 shares in the last quarter. Vise Technologies Inc. raised its position in ServiceNow by 26.1% during the 3rd quarter. Vise Technologies Inc. now owns 52,722 shares of the information technology services provider’s stock valued at $7,065,000 after purchasing an additional 10,898 shares in the last quarter. Investment Partners LTD. bought a new stake in ServiceNow during the 3rd quarter valued at $268,000. Cidel Asset Management Inc. purchased a new stake in shares of ServiceNow in the 3rd quarter worth $7,641,000. Finally, Intrua Financial LLC purchased a new stake in shares of ServiceNow in the 3rd quarter worth $257,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

ServiceNow Price Performance

NYSE:NOW opened at $105.12 on Monday. The firm has a market cap of $109.11 billion, a price-to-earnings ratio of 75.63, a PEG ratio of 2.00 and a beta of 1.00. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $189.53. The firm’s fifty day moving average is $138.71 and its two-hundred day moving average is $115.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.72 and a current ratio of 0.72.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.02). ServiceNow had a return on equity of 15.17% and a net margin of 9.36%. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the company earned $4.82 earnings per share. The company’s revenue was up 20.5% compared to the same quarter last year. Research analysts expect that ServiceNow, Inc. will post 2.14 EPS for the current year.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow reported 20.5% year-over-year revenue growth, supported by subscription demand, and raised its 2026 artificial-intelligence contract target to $1.7 billion. Management and bullish analysts argue that AI adoption could accelerate growth in 2027. ServiceNow: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts continue to rate NOW Buy or Overweight despite reducing their price targets. JPMorgan, Piper Sandler, Wells Fargo and Oppenheimer still see substantial long-term upside, suggesting the sell-off may have been excessive. ServiceNow stock is on track for its largest drop on record
• Positive Sentiment: A new partnership with BDO Canada will help organizations govern AI and automate operations using ServiceNow’s platform, providing potential support for future enterprise demand. BDO Canada partners with ServiceNow
• Neutral Sentiment: ServiceNow’s CEO has defended the company’s valuation and long-term opportunity, while a reported $3 million insider stock purchase may signal management confidence. However, such commentary has not offset investor concerns about guidance. ServiceNow CEO makes striking unicorn claim
• Negative Sentiment: The primary catalyst for the sell-off was management’s forecast for slower fourth-quarter current remaining performance obligation growth—about 18.5%, below the approximately 21.5% revenue-growth outlook. Because cRPO represents contracted future revenue, investors viewed the gap as a warning that demand may be weakening. ServiceNow Guides to Slower Backlog Growth
• Negative Sentiment: Third-quarter adjusted earnings of $1.00 per share fell short of the $1.02 consensus estimate. The miss, combined with concerns that AI could disrupt traditional software pricing and demand, overshadowed the revenue beat and higher AI target. ServiceNow shares plunge after earnings
• Negative Sentiment: Investors are also monitoring ServiceNow’s roughly $7.5 billion debt load and rising interest costs, while a shareholder investigation into potential securities-law violations adds reputational and legal uncertainty. ServiceNow’s Debt and Interest Costs Jump

Analysts Set New Price Targets

Several equities analysts have recently commented on NOW shares. JPMorgan Chase & Co. raised their price target on ServiceNow from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday. Needham & Company LLC increased their target price on shares of ServiceNow from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 11th. KeyCorp reissued an “underweight” rating and set a $110.00 target price (up from $85.00) on shares of ServiceNow in a research report on Thursday. Mizuho set a $165.00 price target on shares of ServiceNow in a report on Thursday. Finally, Canaccord Genuity Group set a $145.00 price objective on shares of ServiceNow in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and a consensus target price of $154.50.

Insiders Place Their Bets

In other ServiceNow news, insider Paul Fipps sold 2,034 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $147.87, for a total transaction of $300,767.58. Following the transaction, the insider owned 18,305 shares in the company, valued at approximately $2,706,760.35. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Chamberlain sold 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $135.50, for a total value of $365,850.00. Following the completion of the sale, the director directly owned 43,990 shares in the company, valued at approximately $5,960,645. The trade was a 5.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 14,081 shares of company stock worth $1,937,904. 0.34% of the stock is owned by corporate insiders.

About ServiceNow

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.