Shares of ServiceNow, Inc. (NYSE:NOW – Get Free Report) traded down 1.9% during mid-day trading on Monday . The stock traded as low as $121.29 and last traded at $122.0360. 20,257,393 shares traded hands during trading, an increase of 1% from the average session volume of 20,060,326 shares. The stock had previously closed at $124.34.
ServiceNow News Summary
Here are the key news stories impacting ServiceNow this week:
- Positive Sentiment: Strategic partnership with Cohesity to provide real-time recovery and resilience for enterprise AI agents strengthens ServiceNow’s positioning as an “AI control tower” for critical business automation, potentially widening enterprise use and ARR growth. Cohesity and ServiceNow Deliver Real-Time Recovery for Enterprise AI Agents
- Positive Sentiment: Partnership with Aiva Health to embed voice-driven AI into hospital workflows expands ServiceNow’s healthcare footprint and showcases real-world AI use cases that can drive platform adoption in a high-value vertical. ServiceNow And Aiva Bring Voice AI Deeper Into Hospital Workflows
- Positive Sentiment: Channel/partner momentum: C1Secure was named ServiceNow’s 2026 Breakthrough Transformation Partner for the Americas, indicating partner ecosystem strength for deployments and services-led revenue. C1Secure Named ServiceNow 2026 Breakthrough Transformation Partner for the Americas
- Positive Sentiment: Notable institutional buying reported (“top superinvestors are buying”) suggests some investors see the recent pullback as an entry point into ServiceNow’s AI-driven growth story. Top Superinvestors Are Buying ServiceNow, Inc.
- Neutral Sentiment: Broader market and TAM context: a market report forecasts strong long-term growth for enterprise agile planning tools, which could expand ServiceNow’s addressable market but is general industry research rather than company-specific news. Global Enterprise Agile Planning Market Size/Share Worth USD 1557.9 Million by 2035
- Neutral Sentiment: Investor/analyst debate: comparison pieces (Salesforce vs. ServiceNow) highlight ServiceNow’s stronger subscription growth vs. peers, supporting the growth narrative but also underscoring competitive and valuation debates that keep sentiment mixed. Salesforce vs. ServiceNow: Which AI Stock Is a Better Buy?
- Negative Sentiment: Analyst actions and price-target cuts have been cited as the proximate cause of today’s selling pressure — such revisions can trigger near-term outflows even if fundamentals remain solid. Why ServiceNow Stock is Falling Today
- Negative Sentiment: Short-term share weakness and media pieces questioning valuation/near-term outlook are keeping volatility elevated despite the company’s earnings beat and long-term growth story. Is It Time To Reassess ServiceNow (NOW) After Recent Share Price Weakness?
Analysts Set New Price Targets
Several analysts have recently weighed in on NOW shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ServiceNow in a report on Thursday, January 22nd. Royal Bank Of Canada dropped their price target on ServiceNow from $185.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 9th. Macquarie Infrastructure cut their price objective on ServiceNow from $172.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. KeyCorp decreased their target price on ServiceNow from $155.00 to $115.00 and set an “underweight” rating on the stock in a report on Thursday, January 29th. Finally, BTIG Research restated a “buy” rating and issued a $200.00 target price on shares of ServiceNow in a research note on Thursday, January 29th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.06.
ServiceNow Stock Down 0.9%
The firm has a 50 day moving average price of $121.48 and a 200-day moving average price of $156.38. The firm has a market cap of $120.92 billion, a price-to-earnings ratio of 69.31, a price-to-earnings-growth ratio of 2.06 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00.
ServiceNow (NYSE:NOW – Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The firm had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the previous year, the business posted $0.73 EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. As a group, equities analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.
Insiders Place Their Bets
In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $101.17, for a total transaction of $151,755.00. Following the completion of the sale, the director owned 46,430 shares in the company, valued at approximately $4,697,323.10. The trade was a 3.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin Thomas Mcbride sold 1,400 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the transaction, the insider owned 26,314 shares in the company, valued at $2,781,652.94. This represents a 5.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 16,237 shares of company stock valued at $1,697,162. Company insiders own 0.34% of the company’s stock.
Institutional Trading of ServiceNow
A number of institutional investors and hedge funds have recently modified their holdings of NOW. Victory Capital Management Inc. boosted its position in ServiceNow by 49.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,033,496 shares of the information technology services provider’s stock worth $951,106,000 after acquiring an additional 341,037 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of ServiceNow by 5.3% in the third quarter. Dimensional Fund Advisors LP now owns 326,046 shares of the information technology services provider’s stock valued at $300,073,000 after purchasing an additional 16,543 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of ServiceNow by 5.4% in the third quarter. Russell Investments Group Ltd. now owns 359,216 shares of the information technology services provider’s stock worth $331,188,000 after purchasing an additional 18,387 shares in the last quarter. Legal & General Group Plc lifted its position in shares of ServiceNow by 1.8% in the third quarter. Legal & General Group Plc now owns 1,360,815 shares of the information technology services provider’s stock worth $1,252,331,000 after purchasing an additional 24,343 shares in the last quarter. Finally, Blair William & Co. IL boosted its holdings in ServiceNow by 21.7% during the third quarter. Blair William & Co. IL now owns 399,081 shares of the information technology services provider’s stock worth $367,266,000 after purchasing an additional 71,293 shares during the last quarter. 87.18% of the stock is owned by institutional investors.
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.
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