Paul Fipps Sells 9,641 Shares of ServiceNow (NYSE:NOW) Stock

ServiceNow, Inc. (NYSE:NOW) insider Paul Fipps sold 9,641 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the transaction, the insider owned 11,757 shares of the company’s stock, valued at approximately $1,245,419.01. The trade was a 45.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

ServiceNow Stock Performance

NYSE NOW opened at $104.22 on Friday. The company’s fifty day moving average is $131.62 and its two-hundred day moving average is $161.93. ServiceNow, Inc. has a 52-week low of $98.00 and a 52-week high of $211.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $109.02 billion, a price-to-earnings ratio of 62.48, a P/E/G ratio of 1.81 and a beta of 0.97.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The business had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities research analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current year.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: CEO Bill McDermott bought roughly $3 million of NOW shares on the open market — a high‑visibility insider purchase that signals management confidence and likely helped limit the sell‑off. ServiceNow (NOW) CEO McDermott Bought $3 Million Worth Company Shares
• Positive Sentiment: BNP Paribas analysis flags valuation upside in select SaaS names (including ServiceNow) when adjusting for stock‑based compensation — a positive analyst/data point for medium‑term buyers. BNP Paribas analyzes SaaS valuations … sees upside in ServiceNow
• Positive Sentiment: ServiceNow management (President & COO Amit Zavery) reiterated that AI adoption is driving enterprise demand for the Now Platform — supportive messaging for revenue/booking momentum expectations. ServiceNow Sees AI Adoption Driving Enterprise Growth
• Neutral Sentiment: Tequity Advisors named a ServiceNow leader/M&A advisor — a sector hire that is unlikely to move the stock materially but indicates continued deal‑market interest. Tequity Advisors Welcomes Thomas Moewe as ServiceNow Leader, M&A Advisor
• Negative Sentiment: Director/insider Paul Fipps sold 9,641 shares (~$1.02M) on Feb. 18 — insider selling can be viewed negatively by traders even when not uncommon for tax/liquidity reasons. Paul Fipps Sells 9,641 Shares of ServiceNow Stock
• Negative Sentiment: Options flow shows a large, unusual buyer interest in puts (over 100k contracts recently) — elevated put volume signals hedging or directional bearish bets that can pressure near‑term sentiment.
• Negative Sentiment: Broader “SaaSpocalypse” / software‑stock rotation persists — high‑profile managers exiting software and media coverage of the sector slump are keeping downward pressure on NOW despite company‑specific positives. Why one of tech’s top fund managers just abandoned software stocks

Analyst Ratings Changes

Several research analysts recently commented on the company. Truist Financial set a $175.00 price target on shares of ServiceNow in a research note on Thursday, February 5th. Barclays upped their target price on shares of ServiceNow from $242.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Evercore reissued an “outperform” rating and issued a $175.00 price target (down previously from $225.00) on shares of ServiceNow in a research report on Thursday, January 29th. DA Davidson reaffirmed a “buy” rating and set a $220.00 price objective on shares of ServiceNow in a report on Thursday, January 29th. Finally, Wall Street Zen upgraded ServiceNow from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $192.06.

Institutional Investors Weigh In On ServiceNow

A number of hedge funds and other institutional investors have recently bought and sold shares of NOW. Brady Martz Wealth Solutions LLC raised its holdings in shares of ServiceNow by 1.3% in the third quarter. Brady Martz Wealth Solutions LLC now owns 842 shares of the information technology services provider’s stock valued at $775,000 after buying an additional 11 shares during the last quarter. Magnus Financial Group LLC raised its stake in shares of ServiceNow by 1.9% in the third quarter. Magnus Financial Group LLC now owns 589 shares of the information technology services provider’s stock worth $542,000 after acquiring an additional 11 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its position in shares of ServiceNow by 2.5% during the third quarter. Avidian Wealth Enterprises LLC now owns 453 shares of the information technology services provider’s stock worth $417,000 after purchasing an additional 11 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of ServiceNow by 2.1% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 575 shares of the information technology services provider’s stock valued at $591,000 after purchasing an additional 12 shares during the last quarter. Finally, Traveka Wealth LLC increased its holdings in shares of ServiceNow by 3.8% in the third quarter. Traveka Wealth LLC now owns 330 shares of the information technology services provider’s stock valued at $304,000 after purchasing an additional 12 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

About ServiceNow

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.