ServiceNow (NYSE:NOW) Insider Jacqueline Canney Sells 7,847 Shares of Stock

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

ServiceNow Stock Performance

ServiceNow stock traded down $5.30 during midday trading on Tuesday, reaching $142.69. The stock had a trading volume of 16,885,790 shares, compared to its average volume of 23,446,734. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $194.73. The firm’s 50-day moving average price is $113.43 and its 200 day moving average price is $106.91. The firm has a market capitalization of $147.54 billion, a PE ratio of 89.18, a P/E/G ratio of 2.55 and a beta of 0.94. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share 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 firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the business earned $0.81 earnings per share. The company’s quarterly revenue was up 24.0% on a year-over-year basis. As a group, research analysts predict that ServiceNow, Inc. will post 2.24 earnings per share for the current fiscal year.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow’s AI opportunity remains a key bullish catalyst. Reports indicate that AI-related contracts have surpassed $1 billion, reinforcing the view that generative AI is increasing demand for enterprise automation rather than undermining the company’s core software business. Its latest quarterly results also exceeded expectations, with revenue up 24% year over year. ServiceNow AI revenue report
• Positive Sentiment: Analysts remain moderately optimistic even though ServiceNow has underperformed many software-application peers over the past year. The company continues to receive predominantly Buy and Outperform ratings, supported by its enterprise customer base, recurring revenue model and AI-automation potential. ServiceNow performance versus software peers
• Neutral Sentiment: Comparisons with Fujitsu, Salesforce and UiPath highlight ServiceNow’s strong position in enterprise workflow automation, but also underscore competitive risks. Long-term gains will depend on execution, AI monetization and the economics of agentic software consumption. ServiceNow stock comparison
• Negative Sentiment: Geopolitical tensions and overall market weakness have pressured software stocks, creating a trading headwind for NOW independent of its company-specific fundamentals. ServiceNow market pressure
• Negative Sentiment: Director Paul Edward Chamberlain sold 2,700 shares for approximately $365,850, reducing his position by 5.78%. Although he retains a substantial stake, the transaction may add modest sentiment pressure. ServiceNow insider sale filing
• Negative Sentiment: Valuation remains demanding, with the stock trading at roughly 89 times earnings and above the average analyst price target cited in recent coverage. That premium makes NOW vulnerable to profit-taking and concerns about future growth expectations, even as analysts continue to favor the shares.

Hedge Funds Weigh In On ServiceNow

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millstone Evans Group LLC grew its holdings in shares of ServiceNow by 400.0% during the fourth quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 132 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in ServiceNow by 540.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 135 shares in the last quarter. Blueline Advisors LLC bought a new stake in ServiceNow during the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC lifted its position in ServiceNow by 560.0% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 140 shares during the last quarter. Finally, Cornerstone Financial Management LLC grew its stake in ServiceNow by 72.8% in the 2nd quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock worth $25,000 after buying an additional 107 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NOW shares. Bank of America boosted their target price on shares of ServiceNow from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price target on shares of ServiceNow in a research report on Thursday, July 23rd. Jefferies Financial Group reiterated a “buy” rating and set a $140.00 price objective (up from $135.00) on shares of ServiceNow in a research note on Thursday, July 23rd. Oppenheimer reissued an “outperform” rating and set a $140.00 price objective (up from $130.00) on shares of ServiceNow in a report on Wednesday, July 15th. Finally, TD Cowen restated a “buy” rating and issued a $140.00 target price on shares of ServiceNow in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $144.24.

ServiceNow Company Profile

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.