Rep. Josh Gottheimer Sells ServiceNow, Inc. (NYSE:NOW) Shares

Posted by Latisha Jones on Feb 28th, 2026

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of ServiceNow, Inc. (NYSE:NOW). In a filing disclosed on February 26th, the Representative disclosed that they had sold between $1,001 and $15,000 in ServiceNow stock on January 30th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 1/30/2026.
Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 12/17/2025.
Sold $1,001 – $15,000 in shares of Cheniere Energy (NYSE:LNG) on 12/12/2025.
Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 12/11/2025.
Sold $15,001 – $50,000 in shares of Air Products and Chemicals (NYSE:APD) on 12/8/2025.
Sold $1,001 – $15,000 in shares of Utz Brands (NYSE:UTZ) on 12/8/2025.
Sold $1,001 – $15,000 in shares of Sysmex (OTCMKTS:SSMXY) on 12/5/2025.
Sold $1,001 – $15,000 in shares of CommVault Systems (NASDAQ:CVLT) on 12/5/2025.
Sold $1,001 – $15,000 in shares of SEA (NYSE:SE) on 12/5/2025.

ServiceNow Trading Down 1.2%

Shares of NOW stock opened at $108.02 on Friday. ServiceNow, Inc. has a fifty-two week low of $98.00 and a fifty-two week high of $211.48. 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’s fifty day moving average is $126.64 and its two-hundred day moving average is $159.36. The firm has a market capitalization of $112.99 billion, a P/E ratio of 64.76, a PEG ratio of 1.82 and a beta of 0.97.

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

Insider Transactions at ServiceNow

In related news, insider Kevin Thomas Mcbride sold 1,400 shares of the 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 transaction, the insider directly owned 26,314 shares of the company’s stock, valued at approximately $2,781,652.94. This trade represents a 5.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $101.17, for a total value of $151,755.00. Following the completion of the transaction, the director owned 46,430 shares in the company, valued at $4,697,323.10. The trade was a 3.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 18,312 shares of company stock valued at $2,049,912. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kilter Group LLC purchased a new stake in ServiceNow in the 2nd quarter valued at about $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 purchasing an additional 18 shares during the last quarter. Total Investment Management Inc. purchased a new position in ServiceNow during the second quarter worth approximately $31,000. Bogart Wealth LLC raised its stake in ServiceNow by 93.8% during the third quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 15 shares during the period. Finally, Wealth Watch Advisors INC acquired a new position in shares of ServiceNow in the 3rd quarter valued at $29,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NOW has been the subject of several research reports. Evercore restated an “outperform” rating and issued a $175.00 price target (down from $225.00) on shares of ServiceNow in a research note on Thursday, January 29th. Jefferies Financial Group cut their price objective on shares of ServiceNow from $230.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. KeyCorp reduced their price target on ServiceNow from $155.00 to $115.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of ServiceNow in a report on Thursday, January 29th. Finally, TD Cowen dropped their target price on shares of ServiceNow from $200.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.06.

Get Our Latest Stock Analysis on NOW

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.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About ServiceNow

(Get Free Report)

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.