ServiceNow (NYSE:NOW) Insider Sells $131,091.30 in Stock

ServiceNow, Inc. (NYSE:NOW) insider Jacqueline Canney sold 1,289 shares of ServiceNow stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $101.70, for a total transaction of $131,091.30. Following the completion of the sale, the insider owned 30,042 shares in the company, valued at $3,055,271.40. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

ServiceNow Stock Down 2.1%

ServiceNow stock opened at $100.65 on Friday. The company has a fifty day simple moving average of $132.97 and a 200 day simple moving average of $114.22. ServiceNow, Inc. has a 1-year low of $81.24 and a 1-year high of $175.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.42. The company has a market cap of $104.47 billion, a P/E ratio of 72.41, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.09 billion. ServiceNow had a net margin of 9.36% and a return on equity of 15.17%. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.82 earnings per share. Research analysts anticipate that ServiceNow, Inc. will post 2.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ServiceNow

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in ServiceNow in the second quarter valued at approximately $9,536,615,000. Bank of New York Mellon Corp acquired a new position in shares of ServiceNow during the 2nd quarter worth $712,573,000. Legal & General Group Plc acquired a new stake in ServiceNow in the second quarter valued at about $641,888,000. Bank of America Corp DE acquired a new stake in ServiceNow in the second quarter valued at about $627,355,000. Finally, Deutsche Bank AG bought a new stake in shares of ServiceNow during the 2nd quarter valued at approximately $595,157,000. Institutional investors own 87.18% of the company’s stock.

Recent ServiceNow Headlines

These are some of the NOW headlines that stood out recently:

• Positive Sentiment: Argus maintains a Buy rating, citing ServiceNow’s AI opportunity despite shares trading well below their high. The company also appeared on a list of AI stocks following Wells Fargo’s more constructive outlook on AI infrastructure. Argus still rates ServiceNow a Buy
• Neutral Sentiment: LicenseFortress added ServiceNow to its software-licensing advisory services, including cost reviews and renewal support. This may help customers manage licensing but does not directly signal new ServiceNow revenue. LicenseFortress expands services to include ServiceNow
• Negative Sentiment: Despite fresh agentic-AI partnership news, one analysis questions whether ServiceNow’s valuation is justified by current earnings. The concern comes as the stock has fallen sharply over the past year and the broader AI software selloff weighs on sentiment; investors are looking for evidence that AI products can translate into financial returns. Valuation concerns despite AI partnership news

Wall Street Analyst Weigh In

NOW has been the subject of a number of research analyst reports. Oppenheimer reiterated an “outperform” rating and set a $165.00 price target on shares of ServiceNow in a report on Thursday, October 29th. Morgan Stanley restated an “overweight” rating and set a $160.00 target price on shares of ServiceNow in a research note on Thursday, October 29th. TD Cowen lowered their price target on shares of ServiceNow from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $266.00 target price on shares of ServiceNow in a research report on Tuesday, October 20th. Finally, Truist Financial set a $150.00 price objective on ServiceNow and gave the company a “buy” rating in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.50.

About ServiceNow

ServiceNow, Inc. provides cloud-based software that helps organizations manage digital workflows and automate business processes. Founded in 2004 by Fred Luddy, the company began with a focus on IT service management and has expanded its platform to support a range of enterprise operations. Its products include tools for IT service and operations management, customer service, human resources, security, and application development. ServiceNow also offers artificial intelligence capabilities, including tools designed to help organizations automate tasks and find information across workflows.