ServiceNow (NYSE:NOW) Director Sells 2,700 Shares

ServiceNow, Inc. (NYSE:NOW) Director Paul Edward Chamberlain sold 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $135.50, for a total transaction of $365,850.00. Following the completion of the sale, the director directly owned 43,990 shares in the company, valued at $5,960,645. This represents a 5.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Paul Edward Chamberlain also recently made the following trade(s):

• On Thursday, August 13th, Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock. The shares were sold at an average price of $125.60, for a total value of $188,400.00.

ServiceNow Trading Up 2.6%

Shares of NOW traded up $3.72 during mid-day trading on Monday, reaching $148.43. The company’s stock had a trading volume of 25,766,479 shares, compared to its average volume of 23,484,400. The company’s fifty day moving average price is $112.33 and its two-hundred day moving average price is $106.61. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. ServiceNow, Inc. has a 52 week low of $81.24 and a 52 week high of $194.73. The stock has a market cap of $153.48 billion, a PE ratio of 92.77, a P/E/G ratio of 2.55 and a beta of 0.94.

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 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 firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the business earned $0.81 earnings per share. The business’s revenue was up 24.0% on a year-over-year basis. On average, analysts predict that ServiceNow, Inc. will post 2.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NOW. California State Teachers Retirement System increased its stake in shares of ServiceNow by 9,980.9% in the second quarter. California State Teachers Retirement System now owns 154,496,061 shares of the information technology services provider’s stock worth $15,338,369,000 after purchasing an additional 152,963,494 shares in the last quarter. BlackRock Inc. bought a new stake in shares of ServiceNow during the 2nd quarter valued at $9,536,615,000. State Street Corp lifted its stake in shares of ServiceNow by 406.6% during the 4th quarter. State Street Corp now owns 47,896,597 shares of the information technology services provider’s stock valued at $7,337,280,000 after buying an additional 38,441,898 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in ServiceNow by 371.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,395,663 shares of the information technology services provider’s stock worth $4,962,692,000 after buying an additional 25,517,218 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in ServiceNow by 404.8% in the 4th quarter. Geode Capital Management LLC now owns 23,512,428 shares of the information technology services provider’s stock worth $3,591,425,000 after buying an additional 18,854,775 shares during the period. 87.18% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow’s AI business is attracting significant interest: AI-related contracts reportedly surpassed the $1 billion mark, while recent quarterly revenue exceeded expectations and increased 24% year over year. These trends reinforce the investment case that AI is expanding, rather than cannibalizing, demand for enterprise software. ServiceNow Stock Surges Nearly 5% as AI Revenue Reaches $1 Billion Benchmark
• Positive Sentiment: A technical trading signal appeared around $144.84, followed by a recovery toward the session high. Momentum-oriented traders may view the move as confirmation of renewed buying interest in NOW. ServiceNow Stock Up Nearly 3% After Key Trading Signal
• Neutral Sentiment: Analysts and commentators continue comparing ServiceNow with Salesforce and UiPath in the enterprise AI automation market. ServiceNow is viewed as well positioned in workflow and IT automation, but the longer-term winner will depend on how quickly agentic AI adoption translates into profitable consumption and recurring revenue. ServiceNow Versus Salesforce: Who’s Better Positioned to Capitalize on AI? UiPath Versus ServiceNow
• Negative Sentiment: ServiceNow remains expensive, trading at roughly 89–93 times earnings, leaving the stock vulnerable to profit-taking if AI growth, contract expansion, or margin improvement falls short of ambitious expectations. Commentary also highlights the need to monitor the company’s spending as it invests to maintain its AI lead. ServiceNow: Winning the AI Race, Watching Its Wallet
• Negative Sentiment: Early trading pressure reflected broader market weakness and escalating geopolitical tensions, rather than a new company-specific operating problem. Software stocks, including ServiceNow, lagged as energy prices rose following U.S. strikes against Iran. ServiceNow Stock Slips Monday: What’s Going On?

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald raised their price target on ServiceNow from $122.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, July 20th. JPMorgan Chase & Co. increased their price objective on shares of ServiceNow from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Evercore restated an “outperform” rating and set a $160.00 price objective on shares of ServiceNow in a research note on Thursday, July 23rd. Truist Financial lifted their target price on shares of ServiceNow from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $157.00 target price on shares of ServiceNow in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.24.

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.