ServiceNow, Inc. $NOW Shares Sold by Capstone Capital Management Ltd

Capstone Capital Management Ltd reduced its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 65.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,327 shares of the information technology services provider’s stock after selling 21,277 shares during the period. Capstone Capital Management Ltd’s holdings in ServiceNow were worth $1,518,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of ServiceNow in the second quarter valued at about $9,536,615,000. State Street Corp boosted its position in shares of ServiceNow by 2.0% during the 2nd quarter. State Street Corp now owns 49,038,218 shares of the information technology services provider’s stock worth $4,868,514,000 after purchasing an additional 979,726 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of ServiceNow by 16.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,638,071 shares of the information technology services provider’s stock worth $1,651,828,000 after purchasing an additional 2,362,606 shares during the period. Amundi lifted its stake in ServiceNow by 60.9% during the first quarter. Amundi now owns 11,479,098 shares of the information technology services provider’s stock worth $1,200,140,000 after purchasing an additional 4,346,722 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of ServiceNow by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 8,526,931 shares of the information technology services provider’s stock worth $891,491,000 after buying an additional 518,263 shares during the period. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Wall Street Analysts Forecast Growth

NOW has been the topic of a number of recent research reports. Piper Sandler upped their price objective on ServiceNow from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. Oppenheimer restated an “outperform” rating and issued a $165.00 price objective (up from $140.00) on shares of ServiceNow in a report on Tuesday, October 13th. BTIG Research reissued a “buy” rating and issued a $170.00 target price on shares of ServiceNow in a report on Monday, October 12th. Weiss Ratings raised ServiceNow from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, TD Cowen upped their target price on shares of ServiceNow from $140.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $152.71.

ServiceNow Stock Up 3.0%

Shares of ServiceNow stock opened at $149.70 on Wednesday. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $192.97. The company has a market cap of $154.79 billion, a P/E ratio of 93.56, a PEG ratio of 2.67 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a fifty day moving average of $136.01 and a two-hundred day moving average of $114.34.

ServiceNow (NYSE:NOW) last issued its earnings results 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. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the business posted $0.81 EPS. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. On average, analysts forecast that ServiceNow, Inc. will post 2.22 earnings per share for the current year.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: An analyst upgrade recently lifted sentiment, with ServiceNow also named a new top pick by BMO Capital Markets. Other firms raised price targets, including Bernstein’s Street-high $266 target, citing expected AI adoption, federal-agency demand and customer upgrades. ServiceNow Stock Price Up After Analyst Upgrade
• Positive Sentiment: Investors are encouraged by ServiceNow’s transition from seat-based software pricing toward usage-based AI “Assists.” Its workflow platform, zero-code agent tools and planned AI Passport governance capabilities could expand revenue per customer and strengthen its competitive position as companies deploy AI across enterprise operations. ServiceNow Shift From Seats to Assists
• Positive Sentiment: ServiceNow’s prior quarter showed strong fundamentals: revenue rose 24% year over year to approximately $3.99 billion and exceeded consensus estimates. A new partnership with Simplify Alpha could add payer-specific healthcare solutions and broaden AI workflow adoption. Simplify Alpha Partnership
• Neutral Sentiment: Technical analysts see a potential breakout above roughly $154, with a bullish chart setup that could extend the recovery. However, earnings expectations remain the key catalyst, with analysts reportedly anticipating a single-digit earnings decline in the third quarter. ServiceNow Price Forecast
• Negative Sentiment: Zacks Research downgraded NOW from “hold” to “strong sell,” adding pressure ahead of results. The stock’s roughly 94 P/E ratio leaves limited room for an earnings or guidance miss, while rising short interest and recent insider selling are additional cautionary signals.
• Negative Sentiment: ServiceNow has cut San Diego sales jobs in its third round of layoffs this year. While the reductions could improve efficiency, they may also signal slower sales execution or tighter spending priorities.

Insider Activity at ServiceNow

In other news, insider Paul Fipps sold 2,034 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $147.87, for a total value of $300,767.58. Following the sale, the insider directly owned 18,305 shares in the company, valued at $2,706,760.35. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jacqueline P. Canney sold 7,847 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $138.00, for a total value of $1,082,886.00. Following the transaction, the insider directly owned 30,042 shares of the company’s stock, valued at $4,145,796. The trade was a 20.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,081 shares of company stock worth $1,937,904 over the last 90 days. Company insiders own 0.34% of the company’s stock.

ServiceNow Profile

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.