ServiceNow (NYSE:NOW) Insider Paul Fipps Sells 2,034 Shares of Stock

ServiceNow, Inc. (NYSE:NOW) insider Paul Fipps sold 2,034 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $147.87, for a total value of $300,767.58. Following the completion of the sale, the insider 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

ServiceNow Trading Down 3.6%

NOW stock opened at $142.69 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $194.73. The stock has a market capitalization of $147.54 billion, a price-to-earnings ratio of 89.18, a price-to-earnings-growth ratio of 2.60 and a beta of 0.97. The firm’s fifty day simple moving average is $114.37 and its two-hundred day simple moving average is $107.20.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.04. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. As a group, analysts anticipate that ServiceNow, Inc. will post 2.24 earnings per share for the current year.

Institutional Investors Weigh In On ServiceNow

Large investors have recently modified their holdings of the business. Florida Financial Advisors LLC boosted its stake in shares of ServiceNow by 5.4% during the second quarter. Florida Financial Advisors LLC now owns 273 shares of the information technology services provider’s stock valued at $280,000 after purchasing an additional 14 shares in the last quarter. Clark Capital Management Group Inc. raised its stake in ServiceNow by 3.6% in the third quarter. Clark Capital Management Group Inc. now owns 514 shares of the information technology services provider’s stock worth $473,000 after buying an additional 18 shares in the last quarter. American Trust raised its stake in ServiceNow by 1.8% in the third quarter. American Trust now owns 1,029 shares of the information technology services provider’s stock worth $947,000 after buying an additional 18 shares in the last quarter. Morse Asset Management Inc lifted its holdings in 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 worth $3,586,000 after buying an additional 19 shares during the period. Finally, CYBER HORNET ETFs LLC boosted its position in ServiceNow by 3.7% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 567 shares of the information technology services provider’s stock valued at $522,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NOW. JPMorgan Chase & Co. boosted their target price on ServiceNow from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group reissued a “buy” rating on shares of ServiceNow in a research note on Monday, August 3rd. Capital One Financial upped their price objective on ServiceNow from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 target price on shares of ServiceNow in a research note on Thursday, July 23rd. Finally, Guggenheim raised shares of ServiceNow from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $144.24.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Investor sentiment is supported by reports that ServiceNow’s AI-related contracts have surpassed $1 billion. The company’s latest quarterly results also exceeded expectations, with EPS of $0.90 versus the $0.86 consensus and revenue of $3.99 billion versus $3.93 billion expected; revenue increased 24% year over year. ServiceNow Stock Surges Nearly 5% as AI Revenue Reaches $1 Billion Benchmark
• Positive Sentiment: A rebound in software stocks is helping ServiceNow. Recent enterprise-software earnings have eased concerns that generative AI will displace traditional applications, instead suggesting that AI may increase demand for automation and workflow tools. The SaaSpocalypse Trade Is Cracking
• Neutral Sentiment: Analysts remain moderately optimistic despite ServiceNow’s weaker performance than some software peers. Comparisons with Salesforce, UiPath and Fujitsu emphasize NOW’s strong enterprise position, while noting that competition and the profitability of agentic AI adoption remain important risks. ServiceNow Stock Performance Compared With Peers
• Negative Sentiment: Several insiders have recently sold shares. Director Paul Edward Chamberlain sold 2,700 shares for about $365,850, while executives Jacqueline Canney and Paul Fipps sold approximately $1.08 million and $301,000, respectively. Canney’s transaction was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but the cluster of sales may still weigh on sentiment. SEC Insider Filing
• Negative Sentiment: Escalating geopolitical tensions and overall market weakness have pressured software stocks, creating a near-term headwind for NOW despite its company-specific AI catalysts. ServiceNow Stock Slips

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.