387,550 Shares in ServiceNow, Inc. $NOW Purchased by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. bought a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 387,550 shares of the information technology services provider’s stock, valued at approximately $51,936,000.

Several other hedge funds also recently bought and sold shares of NOW. Cornerstone Financial Management LLC lifted its position in shares of ServiceNow by 72.8% in the second quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 107 shares in the last quarter. Marquette Asset Management LLC increased its position in ServiceNow by 75.0% during the 2nd quarter. Marquette Asset Management LLC now owns 301 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 129 shares in the last quarter. Kilter Group LLC purchased a new stake in ServiceNow during the 2nd quarter worth about $31,000. Solstein Capital LLC acquired a new position in ServiceNow in the 2nd quarter valued at about $35,000. Finally, Main Street Group LTD acquired a new position in ServiceNow in the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Transactions at ServiceNow

In related news, insider Jacqueline Canney sold 7,847 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $138.00, for a total value of $1,082,886.00. Following the sale, the insider directly owned 30,042 shares of the company’s stock, valued at approximately $4,145,796. This trade represents a 20.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Chamberlain sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $135.50, for a total transaction of $365,850.00. Following the completion of the sale, the director owned 43,990 shares of the company’s stock, valued at approximately $5,960,645. The trade was a 5.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,081 shares of company stock worth $1,937,904 in the last three months. Company insiders own 0.34% of the company’s stock.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Argus reaffirmed its Buy rating and set a $170 price target, signaling confidence in ServiceNow’s recovery potential after the recent selloff. Argus rating and price target
• Positive Sentiment: ServiceNow’s enterprise AI push—including its Control Tower Alliance with major technology partners—could strengthen its role in helping companies deploy and govern AI. ServiceNow rolls out Control Tower Alliance
• Positive Sentiment: Recent commentary argues that the selloff may offer a buying opportunity, citing ServiceNow’s growth prospects and demand for AI-driven workflow tools. ServiceNow Stock: Buy the Dip?
• Neutral Sentiment: Q3 revenue was about $4.1 billion, slightly ahead of estimates, but the company is increasing AI-related investment and shifting toward outcome-based pricing—changes that could affect how growth and profitability develop. How Higher AI Spending Will Impact ServiceNow Stock
• Negative Sentiment: The sharp recent decline followed weaker fourth-quarter backlog guidance, which revived fears that AI could disrupt seat-based software models and weigh on future growth. ServiceNow’s selloff and Wall Street price-target cuts
• Negative Sentiment: Management’s AI investments and business-model changes pressured operating margins, adding to investor concerns despite revenue growth. Analyst questions from ServiceNow’s Q3 earnings call

Wall Street Analyst Weigh In

NOW has been the topic of a number of recent research reports. Barclays set a $152.00 target price on shares of ServiceNow and gave the company an “overweight” rating in a report on Thursday, October 29th. Benchmark reiterated a “buy” rating on shares of ServiceNow in a report on Friday, July 17th. Sanford C. Bernstein reissued an “outperform” rating and issued a $266.00 price objective on shares of ServiceNow in a research report on Tuesday, October 20th. The Goldman Sachs Group reissued a “buy” rating on shares of ServiceNow in a research note on Monday, August 3rd. Finally, BTIG Research reduced their price objective on shares of ServiceNow from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $154.50.

ServiceNow Stock Performance

NYSE NOW opened at $109.09 on Wednesday. The business’s 50-day moving average price is $137.87 and its 200 day moving average price is $115.16. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.42. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $181.73. The company has a market capitalization of $113.24 billion, a PE ratio of 78.48, a price-to-earnings-growth ratio of 2.03 and a beta of 1.00.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.02). The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.09 billion. ServiceNow had a net margin of 9.36% and a return on equity of 15.17%. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.82 EPS. On average, research analysts predict that ServiceNow, Inc. will post 2.13 earnings per share for the current year.

ServiceNow Company Profile

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.