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

ServiceNow, Inc. (NYSE:NOW) insider Paul Fipps sold 2,034 shares of ServiceNow stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $147.87, for a total value of $300,767.58. Following the transaction, the insider directly owned 18,305 shares in the company, valued at approximately $2,706,760.35. The trade was 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 this hyperlink.

ServiceNow Price Performance

NYSE NOW traded down $5.30 on Tuesday, reaching $142.69. The company’s stock had a trading volume of 16,885,790 shares, compared to its average volume of 23,446,734. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $194.73. 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’s 50 day moving average is $113.43 and its two-hundred day moving average is $106.91. The stock has a market cap of $147.54 billion, a PE ratio of 89.18, a PEG ratio of 2.55 and a beta of 0.94.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data 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 company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the previous year, the company posted $0.81 EPS. The business’s revenue was up 24.0% compared to the same quarter last year. As a group, sell-side analysts predict that ServiceNow, Inc. will post 2.24 EPS for the current year.

Institutional Investors Weigh In On ServiceNow

Several hedge funds have recently bought and sold shares of the business. Millstone Evans Group LLC grew its stake in ServiceNow by 400.0% during the 4th quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 132 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of ServiceNow by 540.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 135 shares in the last quarter. Blueline Advisors LLC purchased a new stake in shares of ServiceNow in the fourth quarter worth approximately $25,000. Measured Wealth Private Client Group LLC boosted its holdings in shares of ServiceNow by 560.0% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 165 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 140 shares during the period. Finally, Cornerstone Financial Management LLC boosted its holdings in shares of ServiceNow by 72.8% during the second quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 107 shares during the period. 87.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on NOW shares. BMO Capital Markets upped their price target on ServiceNow from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. TD Cowen reissued a “buy” rating and set a $140.00 price objective on shares of ServiceNow in a research note on Monday, August 17th. Benchmark reaffirmed a “buy” rating on shares of ServiceNow in a research report on Friday, July 17th. KeyCorp reaffirmed an “underweight” rating on shares of ServiceNow in a research report on Tuesday, July 21st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $248.00 target price (up from $236.00) on shares of ServiceNow in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and an average target price of $144.24.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow’s AI opportunity remains a key bullish catalyst. Reports indicate that AI-related contracts have surpassed $1 billion, reinforcing the view that generative AI is increasing demand for enterprise automation rather than undermining the company’s core software business. Its latest quarterly results also exceeded expectations, with revenue up 24% year over year. ServiceNow AI revenue report
• Positive Sentiment: Analysts remain moderately optimistic even though ServiceNow has underperformed many software-application peers over the past year. The company continues to receive predominantly Buy and Outperform ratings, supported by its enterprise customer base, recurring revenue model and AI-automation potential. ServiceNow performance versus software peers
• Neutral Sentiment: Comparisons with Fujitsu, Salesforce and UiPath highlight ServiceNow’s strong position in enterprise workflow automation, but also underscore competitive risks. Long-term gains will depend on execution, AI monetization and the economics of agentic software consumption. ServiceNow stock comparison
• Negative Sentiment: Geopolitical tensions and overall market weakness have pressured software stocks, creating a trading headwind for NOW independent of its company-specific fundamentals. ServiceNow market pressure
• Negative Sentiment: Director Paul Edward Chamberlain sold 2,700 shares for approximately $365,850, reducing his position by 5.78%. Although he retains a substantial stake, the transaction may add modest sentiment pressure. ServiceNow insider sale filing
• Negative Sentiment: Valuation remains demanding, with the stock trading at roughly 89 times earnings and above the average analyst price target cited in recent coverage. That premium makes NOW vulnerable to profit-taking and concerns about future growth expectations, even as analysts continue to favor the shares.

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.