Shares of ServiceNow, Inc. (NYSE:NOW – Get Free Report) shot up 6.6% on Wednesday . The stock traded as high as $106.69 and last traded at $105.8140. 26,090,038 shares traded hands during trading, an increase of 8% from the average session volume of 24,183,455 shares. The stock had previously closed at $99.28.
ServiceNow News Summary
Here are the key news stories impacting ServiceNow this week:
- Positive Sentiment: Guggenheim upgraded ServiceNow to Buy, saying the stock looks undervalued after recent weakness and that AI fears have become too extreme for the current valuation. ServiceNow and Salesforce shares now look like buys, as ‘Armageddon’ fears are too extreme, analyst says
- Positive Sentiment: ServiceNow and Accenture launched a joint AI-driven security and risk-management initiative, reinforcing NOW’s enterprise AI positioning and expanding potential demand for its platform. ServiceNow to Announce Second Quarter 2026 Financial Results on July 22
- Positive Sentiment: Analysts and commentary highlighted ServiceNow’s AI adoption, security offerings, and workflow growth as supports for long-term revenue and earnings potential. NOW Benefits From Enterprise AI Adoption: Buy, Sell, or Hold the Stock?
- Positive Sentiment: The company’s upcoming July 22 earnings report is drawing attention, with some analysts expecting ServiceNow to beat estimates again based on its strong historical track record. Will ServiceNow (NOW) Beat Estimates Again in Its Next Earnings Report?
Wall Street Analyst Weigh In
A number of equities analysts have commented on NOW shares. Weiss Ratings cut ServiceNow from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, April 21st. Bank of America began coverage on shares of ServiceNow in a report on Monday, May 18th. They issued a “buy” rating and a $130.00 target price on the stock. BTIG Research reaffirmed a “buy” rating and issued a $150.00 target price on shares of ServiceNow in a research note on Monday. Citigroup upped their price target on shares of ServiceNow from $154.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Oppenheimer reissued an “outperform” rating on shares of ServiceNow in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.68.
ServiceNow Stock Performance
The business has a fifty day moving average of $100.23 and a 200 day moving average of $113.88. The company has a market cap of $109.09 billion, a P/E ratio of 63.06, a P/E/G ratio of 1.66 and a beta of 0.94. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13.
ServiceNow (NYSE:NOW – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting the consensus estimate of $0.97. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the business posted $0.81 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities analysts predict that ServiceNow, Inc. will post 2.34 EPS for the current year.
Insider Activity at ServiceNow
In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $87.23, for a total transaction of $130,845.00. Following the sale, the director directly owned 44,930 shares of the company’s stock, valued at approximately $3,919,243.90. The trade was a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anita M. Sands sold 16,445 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $90.14, for a total value of $1,482,352.30. Following the transaction, the director owned 30,090 shares in the company, valued at $2,712,312.60. This trade represents a 35.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 28,071 shares of company stock worth $2,529,956. 0.34% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On ServiceNow
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in 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 acquiring an additional 30 shares during the period. Sivia Capital Partners LLC increased its stake in shares of ServiceNow by 4.2% during the second quarter. Sivia Capital Partners LLC now owns 837 shares of the information technology services provider’s stock valued at $861,000 after purchasing an additional 34 shares in the last quarter. United Bank increased its stake in shares of 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 purchasing an additional 204 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in shares of 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 purchasing an additional 42 shares during the last quarter. Finally, Nebula Research & Development LLC boosted its position in shares of ServiceNow by 205.1% in the 2nd quarter. Nebula Research & Development LLC now owns 906 shares of the information technology services provider’s stock worth $931,000 after purchasing an additional 609 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.
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.
Recommended Stories
- Five stocks we like better than ServiceNow
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.
