ServiceNow (NYSE:NOW) Trading Up 1.8% – Here’s What Happened

ServiceNow, Inc. (NYSE:NOW) shares traded up 1.8% during mid-day trading on Wednesday . The company traded as high as $108.26 and last traded at $107.8530. 18,091,313 shares changed hands during trading, a decline of 11% from the average session volume of 20,361,104 shares. The stock had previously closed at $105.91.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Executives bought stock and stopped automatic sales, signaling confidence and removing near-term selling pressure — CEO Bill McDermott made a ~$3M open-market purchase and top officers cancelled 10b5-1 plans. ServiceNow Insiders Buy as Wall Street Panics Over an AI SaaSpocalypse
• Positive Sentiment: Board authorized a $5B buyback and executed a $2B Accelerated Share Repurchase (ASR) immediately — directly supports EPS and signals management views shares as undervalued. ServiceNow Insiders Buy as Wall Street Panics Over an AI SaaSpocalypse
• Positive Sentiment: Fundamentals remain strong: recent quarter beat estimates (revenue and EPS), high free cash flow margins and guidance calling for continued ~20% revenue growth — supports longer-term valuation recovery. ServiceNow, Inc. (NOW) is Attracting Investor Attention
• Positive Sentiment: Product strategy aims to monetize AI adoption — ServiceNow positions itself as the “AI Control Tower” and is rolling out autonomous agents that can operate without human intervention, reinforcing its governance/management role for AI agents. ServiceNow’s new AI agents can work without human intervention
• Neutral Sentiment: Broader selloff is drawing analyst attention to discounted software names; UBS highlights software picks as value opportunities (uncertain if NOW is included). Searching software for value as shares get pummeled. UBS found four stocks it likes
• Neutral Sentiment: Long-form analyst pieces argue the market may be mispricing potential enterprise leaders in the “agentic” era — useful context but not an immediate catalyst. Is The Market Mispricing The Next Enterprise Titan In The Agentic Era?
• Negative Sentiment: Sector pressure: Palo Alto Networks slipped after issuing cautious guidance despite a beat, underscoring how AI-related seat-compression fears and weak near-term outlooks can pull down software peers like NOW. Palo Alto shares sink 8%, CEO defends cybersecurity’s position as AI hits software stocks

Wall Street Analyst Weigh In

NOW has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $216.00 target price on ServiceNow in a report on Monday, February 2nd. DZ Bank upgraded shares of ServiceNow to a “strong-buy” rating in a research report on Thursday, December 18th. UBS Group set a $115.00 price objective on shares of ServiceNow in a research note on Thursday, January 29th. Wall Street Zen upgraded shares of ServiceNow from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Finally, Stifel Nicolaus set a $180.00 price target on shares of ServiceNow and gave the company a “buy” rating in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow currently has a consensus rating of “Moderate Buy” and an average price target of $192.06.

ServiceNow Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $112.81 billion, a PE ratio of 64.66, a PEG ratio of 1.81 and a beta of 0.97. The company’s 50-day moving average price is $135.57 and its two-hundred day moving average price is $163.26.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.53 billion. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The company’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. On average, equities research analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Gina Mastantuono sold 2,075 shares of ServiceNow 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 sale, the chief financial officer owned 61,140 shares of the company’s stock, valued at approximately $10,393,800. The trade was a 3.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kevin Thomas Mcbride sold 1,400 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $105.71, for a total transaction of $147,994.00. Following the completion of the transaction, the insider directly owned 26,314 shares of the company’s stock, valued at approximately $2,781,652.94. The trade was a 5.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 9,885 shares of company stock worth $1,446,543. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On ServiceNow

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Klingman & Associates LLC raised its position in ServiceNow by 22.2% in the second quarter. Klingman & Associates LLC now owns 533 shares of the information technology services provider’s stock worth $548,000 after acquiring an additional 97 shares during the period. Ethic Inc. increased its stake in shares of ServiceNow by 1.6% in the 2nd quarter. Ethic Inc. now owns 25,496 shares of the information technology services provider’s stock worth $26,067,000 after purchasing an additional 397 shares in the last quarter. Howard Capital Management Inc. increased its stake in shares of ServiceNow by 32.0% in the 2nd quarter. Howard Capital Management Inc. now owns 1,465 shares of the information technology services provider’s stock worth $1,506,000 after purchasing an additional 355 shares in the last quarter. Whittier Trust Co. raised its holdings in ServiceNow by 8.4% in the 2nd quarter. Whittier Trust Co. now owns 99,643 shares of the information technology services provider’s stock worth $102,440,000 after purchasing an additional 7,701 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in ServiceNow by 3.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 40,560 shares of the information technology services provider’s stock valued at $41,699,000 after purchasing an additional 1,185 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

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.