Insider Selling: ServiceNow (NYSE:NOW) Insider Sells $376,141.92 in Stock

ServiceNow, Inc. (NYSE:NOW) insider Paul Fipps sold 3,696 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $101.77, for a total value of $376,141.92. Following the completion of the transaction, the insider directly owned 8,061 shares of the company’s stock, valued at approximately $820,367.97. This represents a 31.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Paul Fipps also recently made the following trade(s):

• On Wednesday, February 18th, Paul Fipps sold 9,641 shares of ServiceNow stock. The stock was sold at an average price of $105.93, for a total value of $1,021,271.13.

ServiceNow Stock Down 1.2%

NOW stock opened at $108.02 on Friday. The stock has a market cap of $112.99 billion, a P/E ratio of 64.76, a P/E/G ratio of 1.84 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $126.64 and its two-hundred day simple moving average is $159.44. ServiceNow, Inc. has a 1-year low of $98.00 and a 1-year high of $211.48.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.53 billion. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS. Analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of ServiceNow in a research report on Thursday, January 22nd. BNP Paribas Exane dropped their price objective on ServiceNow from $186.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. UBS Group set a $115.00 price objective on ServiceNow in a report on Thursday, January 29th. HSBC lowered their target price on ServiceNow from $266.40 to $226.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Finally, Argus upgraded ServiceNow to a “strong-buy” rating in a research note on Wednesday, February 4th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $192.06.

Hedge Funds Weigh In On ServiceNow

Several hedge funds have recently made changes to their positions in NOW. Cross Staff Investments Inc boosted its stake in ServiceNow by 400.0% in the 4th quarter. Cross Staff Investments Inc now owns 3,750 shares of the information technology services provider’s stock worth $574,000 after purchasing an additional 3,000 shares during the period. Groupama Asset Managment increased its position in shares of ServiceNow by 362.2% during the fourth quarter. Groupama Asset Managment now owns 62,250 shares of the information technology services provider’s stock valued at $9,536,000 after buying an additional 48,783 shares during the period. Oak Grove Capital LLC lifted its holdings in shares of ServiceNow by 412.0% in the fourth quarter. Oak Grove Capital LLC now owns 11,780 shares of the information technology services provider’s stock worth $1,805,000 after buying an additional 9,479 shares in the last quarter. Alpine Global Management LLC purchased a new stake in shares of ServiceNow in the fourth quarter worth about $224,000. Finally, Anchor Investment Management LLC boosted its position in shares of ServiceNow by 453.4% in the fourth quarter. Anchor Investment Management LLC now owns 7,355 shares of the information technology services provider’s stock valued at $1,127,000 after acquiring an additional 6,026 shares during the period. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Technicals and analyst optimism: Several outlets note NOW is deeply oversold after a ~50% drawdown and some brokerages have high price targets (Citigroup $237 noted), creating a contrarian upside case if the $100 area holds. Read More.
• Positive Sentiment: New AI product launches: ServiceNow unveiled Autonomous Workforce and EmployeeWorks to extend AI-driven orchestration and enterprise automation — a strategic move to monetize AI across workflows rather than be displaced by it. Read More.
• Positive Sentiment: Operational proof points: ServiceNow reports it resolves ~90% of its own IT requests autonomously, which management can use to demonstrate ROI to customers and accelerate sales. Read More.
• Positive Sentiment: Ecosystem and compliance wins: Moveworks from ServiceNow has FedRAMP Moderate authorization (opens public‑sector sales) and ServiceNow AVR integration with Contrast Security strengthens enterprise security credentials. Read More. and Read More.
• Neutral Sentiment: Comparative positioning: Analysts comparing GitLab and ServiceNow see NOW’s large‑deal momentum and deep workflow integrations as advantages, but the piece highlights competitive and macro headwinds in the enterprise software space. Read More.
• Neutral Sentiment: Partnership/marketing momentum: EY collaboration and third‑party integrations (e.g., startups building ServiceNow ties) support long‑term adoption but are incremental near‑term drivers. Read More.
• Negative Sentiment: Insider selling: Director/insider Paul Fipps sold 3,696 shares (~$376k) on Feb 23, trimming his stake — an isolated insider sale that can be read negatively by some investors. Read More.
• Negative Sentiment: Rising short interest and narrative risk: Short interest rose markedly in February (~28% increase), and ongoing media/analyst debate about AI eroding software growth is keeping sentiment weak and amplifying volatility. Read More.
• Negative Sentiment: Investor patience tested: Coverage notes that rolling out AI products and integrating acquisitions (Moveworks) is necessary but may test investor patience as management demonstrates real revenue and margin benefits. Read More.

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.