ServiceNow (NYSE:NOW) Stock Price Up 1.6% – Here’s What Happened

ServiceNow, Inc. (NYSE:NOW) shares were up 1.6% during mid-day trading on Tuesday . The stock traded as high as $105.70 and last traded at $102.4610. Approximately 17,850,334 shares traded hands during trading, a decline of 11% from the average daily volume of 20,060,615 shares. The stock had previously closed at $100.80.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Moveworks (from ServiceNow) received FedRAMP Moderate authorization, opening the door for broader federal and public‑sector deployments of its conversational AI assistant — a direct revenue opportunity in a large, underpenetrated market. Moveworks FedRAMP announcement
• Positive Sentiment: ServiceNow says it resolves ~90% of its own IT requests autonomously — a strong proof point for product ROI that can be marketed to customers and supports the company’s AI monetization narrative. VentureBeat: 90% autonomously resolved
• Positive Sentiment: Technical integrations (ServiceNow AVR + Contrast Security) and expansion of AI/analytics (acquisitions, partnerships) strengthen platform stickiness and enterprise/security credentials. AVR + Contrast Security integration
• Positive Sentiment: Analyst coverage and narrative‑shift pieces argue the stock is oversold with large upside potential, which can attract buyers and support a rebound if technicals hold. MarketBeat: oversold / analyst upside
• Neutral Sentiment: Partnership messaging (EY collaboration) and third‑party ecosystem moves (Sweep plans ServiceNow integrations) support long‑term demand but are incremental near‑term catalysts. EY & ServiceNow collaboration
• Negative Sentiment: Short interest jumped ~28% in February to ~27.2M shares (~2.6% of float), which increases downside pressure and volatility while amplifying negative sentiment. MarketBeat: short interest data
• Negative Sentiment: Insider Paul Fipps sold 3,696 shares (~$376k) on Feb. 23 (reducing his holding ~31%), a transaction some investors may view unfavorably despite other insider buys reported elsewhere. InsiderTrades: Paul Fipps sale
• Negative Sentiment: Ongoing market narrative that AI could compress traditional software growth remains a headwind; media commentary (e.g., Jim Cramer coverage) keeps investor uncertainty elevated. InsiderMonkey: Jim Cramer commentary

Analysts Set New Price Targets

Several research analysts have recently commented on NOW shares. Piper Sandler reaffirmed an “overweight” rating on shares of ServiceNow in a report on Thursday, January 29th. Arete Research set a $200.00 price target on ServiceNow in a report on Tuesday, January 6th. Capital One Financial reduced their price objective on ServiceNow from $188.00 to $161.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of ServiceNow in a research note on Thursday, January 22nd. Finally, BNP Paribas Exane dropped their price objective on shares of ServiceNow from $186.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.06.

ServiceNow Stock Up 4.9%

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $114.33 billion, a P/E ratio of 65.53, a PEG ratio of 1.76 and a beta of 0.97. The stock’s fifty day moving average is $127.58 and its two-hundred day moving average is $159.87.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.53 billion. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 EPS. As a group, research analysts predict that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insider Activity

In other ServiceNow news, CFO Gina Mastantuono sold 2,075 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $170.00, for a total transaction of $352,750.00. Following the completion of the sale, the chief financial officer directly owned 61,140 shares of the company’s stock, valued at approximately $10,393,800. This represents a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence Jackson sold 1,325 shares of ServiceNow stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $162.04, for a total transaction of $214,708.30. Following the completion of the transaction, the director directly owned 1,615 shares in the company, valued at approximately $261,701.06. This trade represents a 45.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 23,222 shares of company stock worth $2,843,956. 0.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On ServiceNow

Several institutional investors have recently made changes to their positions in the company. Kilter Group LLC bought a new position in shares of ServiceNow during the 2nd quarter valued at $25,000. IAG Wealth Partners LLC increased its position in ServiceNow by 200.0% during the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock worth $25,000 after buying an additional 18 shares during the last quarter. Total Investment Management Inc. bought a new position in ServiceNow during the second quarter valued at about $31,000. Bogart Wealth LLC lifted its position in shares of ServiceNow by 93.8% in the third quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider’s stock worth $29,000 after buying an additional 15 shares during the last quarter. Finally, Wealth Watch Advisors INC acquired a new stake in shares of ServiceNow in the third quarter worth about $29,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

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.