ServiceNow (NYSE:NOW) Shares Acquired Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of ServiceNow, Inc. (NYSE:NOW). In a filing disclosed on October 01st, the Senator disclosed that they had bought between $1,001 and $15,000 in ServiceNow stock on September 24th.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of Accenture (NYSE:ACN) on 9/24/2025.
• Purchased $15,001 – $50,000 in shares of Intuit (NASDAQ:INTU) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of Texas Instruments (NASDAQ:TXN) on 9/24/2025.
• Purchased $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 9/24/2025.
• Sold $15,001 – $50,000 in shares of Wabtec (NYSE:WAB) on 9/23/2025.
• Sold $1,001 – $15,000 in shares of Wabtec (NYSE:WAB) on 9/23/2025.
• Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 8/1/2025.

ServiceNow Price Performance

NYSE NOW opened at $911.75 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s fifty day moving average price is $914.67 and its 200 day moving average price is $929.33. ServiceNow, Inc. has a 1 year low of $678.66 and a 1 year high of $1,198.09. The company has a market cap of $189.64 billion, a price-to-earnings ratio of 114.83, a PEG ratio of 4.10 and a beta of 0.92.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.52. ServiceNow had a return on equity of 18.04% and a net margin of 13.78%.The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the prior year, the firm earned $3.13 EPS. The firm’s revenue was up 22.4% on a year-over-year basis. As a group, equities research analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

NOW has been the topic of several research reports. Jefferies Financial Group upped their target price on ServiceNow from $1,025.00 to $1,150.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Barclays set a $1,210.00 price target on ServiceNow in a research report on Thursday, July 24th. DA Davidson increased their price target on ServiceNow from $1,150.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. FBN Securities raised ServiceNow to a “strong-buy” rating in a research report on Wednesday, June 11th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,200.00 price target on shares of ServiceNow in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,122.20.

Institutional Investors Weigh In On ServiceNow

Several hedge funds have recently modified their holdings of NOW. Norges Bank purchased a new stake in shares of ServiceNow during the 2nd quarter worth about $2,589,235,000. Nuveen LLC purchased a new stake in shares of ServiceNow during the 1st quarter worth about $1,817,535,000. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of ServiceNow by 1,586.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 933,209 shares of the information technology services provider’s stock worth $742,965,000 after acquiring an additional 877,875 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of ServiceNow by 131.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,480,526 shares of the information technology services provider’s stock worth $1,178,706,000 after acquiring an additional 840,731 shares in the last quarter. Finally, Parnassus Investments LLC purchased a new stake in shares of ServiceNow during the 1st quarter worth about $519,806,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ServiceNow

In related news, insider Jacqueline P. Canney sold 1,562 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $866.45, for a total value of $1,353,394.90. Following the transaction, the insider directly owned 3,027 shares of the company’s stock, valued at approximately $2,622,744.15. This trade represents a 34.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William R. Mcdermott sold 5,825 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $916.63, for a total transaction of $5,339,369.75. Following the completion of the transaction, the chief executive officer directly owned 6,614 shares in the company, valued at $6,062,590.82. This represents a 46.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,737 shares of company stock worth $16,798,825 in the last three months. 0.38% of the stock is owned by corporate insiders.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

About ServiceNow

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.