6,250 Shares in ServiceNow, Inc. $NOW Purchased by Variant Private Wealth LLC

Variant Private Wealth LLC bought a new position in ServiceNow, Inc. (NYSE:NOW) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,250 shares of the information technology services provider’s stock, valued at approximately $838,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Nova Scotia grew its position in ServiceNow by 53.3% in the first quarter. Bank of Nova Scotia now owns 1,018,036 shares of the information technology services provider’s stock valued at $106,436,000 after acquiring an additional 353,749 shares during the period. Sapient Capital LLC lifted its holdings in shares of ServiceNow by 266.0% during the second quarter. Sapient Capital LLC now owns 77,661 shares of the information technology services provider’s stock valued at $7,710,000 after acquiring an additional 56,444 shares during the period. Meeder Advisory Services Inc. bought a new position in shares of ServiceNow during the second quarter valued at $2,881,000. Vestor Capital LLC boosted its stake in shares of ServiceNow by 38,987.2% in the 1st quarter. Vestor Capital LLC now owns 122,343 shares of the information technology services provider’s stock valued at $12,791,000 after purchasing an additional 122,030 shares in the last quarter. Finally, Cardano Risk Management B.V. boosted its stake in shares of ServiceNow by 6.9% in the 2nd quarter. Cardano Risk Management B.V. now owns 484,785 shares of the information technology services provider’s stock valued at $48,129,000 after purchasing an additional 31,119 shares in the last quarter. 87.18% of the stock is owned by institutional investors.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Analysts have raised price targets ahead of earnings, citing ServiceNow’s 24% year-over-year revenue growth, strong enterprise retention, federal demand and growing adoption of AI workflow tools. Bernstein set a Street-high $266 target, while Piper Sandler and TD Cowen also lifted their targets. ServiceNow Orchestrates AI’s Next Act—Can Earnings Deliver?
• Positive Sentiment: ServiceNow’s AI strategy is viewed as a potential long-term growth catalyst. Its platform is expanding from seat-based software toward usage-based AI “assists,” while new no-code agent tools and AI governance capabilities could create high-margin upsell opportunities across its installed customer base. ServiceNow: The Shift From Seats To ‘Assists’ Uncaps Exponential Growth
• Positive Sentiment: ServiceNow was named a new BMO Capital Markets Top Pick, and its deeply embedded enterprise workflows are considered relatively resilient compared with more speculative AI hardware investments. A healthcare partnership to build payer-specific solutions also broadens potential AI-platform adoption. These 2 software stocks are new Top Picks at BMO
• Neutral Sentiment: Investors are focused on the October 28 earnings report. The prior quarter exceeded earnings and revenue estimates, but current previews call for a possible single-digit earnings decline, making guidance, subscription growth and AI monetization especially important. ServiceNow’s Quarterly Earnings Preview
• Negative Sentiment: Zacks Research downgraded ServiceNow from “hold” to “strong sell,” highlighting near-term caution after the stock’s recovery. The company also faces premium valuation risk, with a trailing P/E near 96, increased short interest and recent sales-related layoffs in San Diego.

ServiceNow Trading Up 2.6%

NOW stock traded up $3.83 during midday trading on Wednesday, reaching $153.37. The stock had a trading volume of 6,383,304 shares, compared to its average volume of 21,405,787. The business has a fifty day simple moving average of $136.01 and a two-hundred day simple moving average of $114.34. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. The firm has a market cap of $158.59 billion, a price-to-earnings ratio of 95.96, a PEG ratio of 2.67 and a beta of 0.99. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $192.97.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The company’s revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. As a group, research analysts expect that ServiceNow, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NOW. Benchmark reaffirmed a “buy” rating on shares of ServiceNow in a report on Friday, July 17th. Jefferies Financial Group reiterated a “buy” rating on shares of ServiceNow in a research report on Tuesday, October 13th. Needham & Company LLC increased their price objective on shares of ServiceNow from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Stifel Nicolaus set a $160.00 price objective on shares of ServiceNow and gave the company a “buy” rating in a research report on Tuesday, October 6th. Finally, DA Davidson set a $170.00 price objective on shares of ServiceNow and gave the company a “buy” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $153.90.

Insider Buying and Selling

In related news, insider Jacqueline Canney sold 7,847 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Chamberlain sold 2,700 shares of the 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 transaction, the director 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,081 shares of company stock valued at $1,937,904 over the last ninety days. 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.