3,594 Shares in ServiceNow, Inc. $NOW Purchased by XXI Wealth LLC

XXI Wealth LLC purchased a new stake in ServiceNow, Inc. (NYSE:NOW) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,594 shares of the information technology services provider’s stock, valued at approximately $482,000.

Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in ServiceNow in the second quarter valued at approximately $9,536,615,000. Bank of New York Mellon Corp acquired a new position in ServiceNow during the second quarter worth $712,573,000. Legal & General Group Plc acquired a new position in ServiceNow during the second quarter worth $641,888,000. Bank of America Corp DE purchased a new position in shares of ServiceNow during the second quarter worth $627,355,000. Finally, Deutsche Bank AG purchased a new position in shares of ServiceNow during the second quarter worth $595,157,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jacqueline P. Canney sold 7,847 shares of ServiceNow stock in a transaction dated 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 completion of the transaction, the insider owned 30,042 shares in the company, valued at approximately $4,145,796. This trade represents a 20.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Chamberlain sold 2,700 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $135.50, for a total value of $365,850.00. Following the transaction, the director directly owned 43,990 shares of the company’s stock, valued at approximately $5,960,645. This represents a 5.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,081 shares of company stock worth $1,937,904 in the last quarter. 0.34% of the stock is owned by company insiders.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Bank of America raised its price target to $180 ahead of ServiceNow’s third-quarter results, citing continued demand for AI-related products and services. The revised target signals confidence that AI adoption can support additional growth. Bank of America Boosts ServiceNow Forecast Ahead of Earnings
• Positive Sentiment: ServiceNow’s defense and national-security business is being positioned as a major growth driver over the next year. Management highlighted demand for workflow automation, AI, cybersecurity, logistics modernization and digital transformation among military and government agencies. ServiceNow Defense Business Interview
• Positive Sentiment: The company and Nvidia launched “Arc,” an AI agent designed to plan tasks and verify its work. The product reinforces ServiceNow’s strategy of embedding governed, enterprise-grade AI into its workflow platform, potentially supporting product adoption and customer spending. ServiceNow and Nvidia Launch Arc
• Positive Sentiment: ServiceNow was selected as a preferred idea on CNBC’s “Final Trades,” while Polen Capital highlighted the company’s AI opportunity and revenue-growth prospects. These endorsements add to favorable market sentiment, although they are not substitutes for operating results. ServiceNow on CNBC’s Final Trades
• Neutral Sentiment: Investors are focused on ServiceNow’s upcoming third-quarter earnings, with analysts examining subscription growth, current remaining performance obligations, margins and other operating metrics beyond revenue and EPS. Results and guidance could determine whether the recent rally continues. ServiceNow Q3 Performance Estimates
• Negative Sentiment: Comparisons with TD SYNNEX frame ServiceNow as a less obvious value investment. NOW’s premium valuation means the stock remains sensitive to an earnings or guidance disappointment, despite its strong growth prospects. SNX vs. NOW Value Comparison

ServiceNow Stock Up 1.5%

Shares of NYSE NOW traded up $2.29 during mid-day trading on Friday, hitting $159.29. The company had a trading volume of 11,079,096 shares, compared to its average volume of 11,102,899. The company has a market capitalization of $164.71 billion, a PE ratio of 99.56, a price-to-earnings-growth ratio of 2.88 and a beta of 0.99. The business’s 50-day simple moving average is $137.87 and its 200 day simple moving average is $115.39. ServiceNow, Inc. has a 1-year low of $81.24 and a 1-year high of $192.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.86 by $0.04. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same period in the previous year, the firm posted $0.81 EPS. ServiceNow’s revenue for the quarter was up 24.0% on a year-over-year basis. On average, analysts predict that ServiceNow, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of ServiceNow in a research note on Tuesday, October 13th. Sanford C. Bernstein reissued an “outperform” rating and set a $266.00 target price on shares of ServiceNow in a research note on Tuesday. DA Davidson set a $170.00 target price on ServiceNow and gave the stock a “buy” rating in a research note on Monday, July 20th. Mizuho set a $170.00 target price on ServiceNow and gave the company an “outperform” rating in a report on Thursday, October 15th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $175.00 target price (up from $125.00) on shares of ServiceNow in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and an average price target of $155.10.

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.