Carmignac Gestion Decreases Holdings in ServiceNow, Inc. $NOW

Carmignac Gestion cut its stake in ServiceNow, Inc. (NYSE:NOW) by 75.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 371,803 shares of the information technology services provider’s stock after selling 1,142,046 shares during the quarter. Carmignac Gestion’s holdings in ServiceNow were worth $36,914,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NOW. Florida Financial Advisors LLC raised its position in ServiceNow by 5.4% in the 2nd quarter. Florida Financial Advisors LLC now owns 273 shares of the information technology services provider’s stock worth $280,000 after purchasing an additional 14 shares during the period. Clark Capital Management Group Inc. boosted its position in shares of ServiceNow by 3.6% during the third quarter. Clark Capital Management Group Inc. now owns 514 shares of the information technology services provider’s stock valued at $473,000 after buying an additional 18 shares during the period. American Trust grew its stake in shares of ServiceNow by 1.8% during the third quarter. American Trust now owns 1,029 shares of the information technology services provider’s stock valued at $947,000 after buying an additional 18 shares during the last quarter. Morse Asset Management Inc grew its stake in shares of ServiceNow by 0.5% during the second quarter. Morse Asset Management Inc now owns 3,488 shares of the information technology services provider’s stock valued at $3,586,000 after buying an additional 19 shares during the last quarter. Finally, CYBER HORNET ETFs LLC raised its holdings in shares of ServiceNow by 3.7% in the third quarter. CYBER HORNET ETFs LLC now owns 567 shares of the information technology services provider’s stock worth $522,000 after buying an additional 20 shares during the period. Institutional investors own 87.18% of the company’s stock.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: BTIG raised its price target to $170 and maintained a “Buy” rating, implying substantial upside from recent trading levels. The upgrade provides a near-term bullish catalyst and reflects confidence in ServiceNow’s growth prospects. BTIG price target report
• Positive Sentiment: ServiceNow acquired Sweep, sharpening its effort to compete with Salesforce in customer relationship management and sales automation. The deal could expand NOW’s AI-enabled workflow and sales capabilities, although financial terms and the near-term revenue contribution were not disclosed. ServiceNow Sweep acquisition article
• Positive Sentiment: Deloitte was named a Leader in IDC’s 2026 assessment of ServiceNow implementation services. The recognition supports the strength of ServiceNow’s partner ecosystem and demand for AI-enabled implementations, though it is an indirect benefit rather than a direct financial announcement. Deloitte ServiceNow implementation services article
• Neutral Sentiment: Analyst commentary highlights strong AI growth, subscription gains and broad enterprise demand. ServiceNow’s recent quarterly results also showed roughly 24% year-over-year revenue growth, but investors are weighing those strengths against a premium valuation and margin pressure. ServiceNow buy, sell or hold analysis
• Neutral Sentiment: Recent commentary says the stock’s rebound was helped by temporarily easing fears that artificial intelligence would displace software companies. However, this sentiment-driven support may remain fragile as the market reassesses AI adoption and software-sector valuations. Why ServiceNow stock rose last month
• Negative Sentiment: Valuation and competition remain key risks. Analysts point to stiff competition, potential margin compression and a high earnings multiple, while recent insider activity shows several executives selling shares and no reported insider purchases in the past six months. ServiceNow valuation and insider trading analysis

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NOW shares. CLSA began coverage on ServiceNow in a research report on Monday, July 20th. They issued an “underperform” rating and a $72.00 price objective on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $130.00 price target on shares of ServiceNow in a report on Thursday, July 23rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $248.00 price objective (up from $236.00) on shares of ServiceNow in a report on Thursday, July 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $140.00 target price on shares of ServiceNow in a research report on Thursday, July 23rd. Finally, Citigroup reiterated a “market outperform” rating on shares of ServiceNow in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.73.

ServiceNow Stock Down 5.0%

Shares of NOW stock traded down $7.05 during mid-day trading on Tuesday, hitting $134.21. 14,581,966 shares of the stock traded hands, compared to its average volume of 23,248,439. The stock has a market cap of $138.77 billion, a P/E ratio of 83.88, a P/E/G ratio of 2.57 and a beta of 0.97. The stock’s fifty day moving average is $118.03 and its two-hundred day moving average is $108.20. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $194.73. 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 issued its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS. Equities analysts predict that ServiceNow, Inc. will post 2.24 EPS for the current year.

Insiders Place Their Bets

In other news, insider Paul Fipps sold 2,034 shares of the company’s stock in a transaction 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 directly owned 18,305 shares of the company’s stock, 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 is accessible through this hyperlink. Also, Director Paul Chamberlain sold 2,700 shares of the stock in a transaction 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 sale, the director owned 43,990 shares of the company’s stock, valued at approximately $5,960,645. This represents a 5.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 14,081 shares of company stock valued at $1,937,904. 0.34% of the stock is currently owned by insiders.

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.