ServiceNow (NYSE:NOW) Insider Jacqueline Canney Sells 8,927 Shares of Stock

ServiceNow, Inc. (NYSE:NOW) insider Jacqueline Canney sold 8,927 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $89.60, for a total transaction of $799,859.20. Following the completion of the transaction, the insider directly owned 29,531 shares in the company, valued at $2,645,977.60. The trade was a 23.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ServiceNow Price Performance

Shares of NYSE:NOW opened at $90.53 on Wednesday. The company’s fifty day moving average price is $104.21 and its 200-day moving average price is $135.92. The firm has a market capitalization of $93.33 billion, a price-to-earnings ratio of 53.95, a PEG ratio of 1.59 and a beta of 1.01. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $211.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, hitting analysts’ consensus estimates of $0.97. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities research analysts anticipate that ServiceNow, Inc. will post 2.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ServiceNow

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of ServiceNow by 404.5% in the fourth quarter. Vanguard Group Inc. now owns 101,963,384 shares of the information technology services provider’s stock worth $15,619,771,000 after buying an additional 81,752,460 shares in the last quarter. State Street Corp lifted its holdings in shares of ServiceNow by 406.6% in the fourth quarter. State Street Corp now owns 47,896,597 shares of the information technology services provider’s stock worth $7,337,280,000 after buying an additional 38,441,898 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of ServiceNow by 371.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,395,663 shares of the information technology services provider’s stock worth $4,962,692,000 after buying an additional 25,517,218 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of ServiceNow by 404.8% in the fourth quarter. Geode Capital Management LLC now owns 23,512,428 shares of the information technology services provider’s stock worth $3,591,425,000 after buying an additional 18,854,775 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of ServiceNow by 335.6% in the fourth quarter. Morgan Stanley now owns 22,733,483 shares of the information technology services provider’s stock worth $3,482,543,000 after buying an additional 17,514,679 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow is scaling real-world, agentic AI deployments (example: TridentCare) and announced deeper AI collaboration with Google Cloud across telecom, retail and ITSM — a sign of enterprise adoption that supports sustained subscription upsells and larger deals. ServiceNow AI Partnerships Test Workflow Stickiness As Shares Slide
• Positive Sentiment: Quarterly results showed solid subscription momentum (roughly 22% subscription growth) and management raised FY2026 outlook, driven by AI monetization and pricing shifts — evidence the business model is still expanding. NOW’s AI-Driven Subscription Growth Accelerates
• Positive Sentiment: Several analysts and commentators view the post‑earnings sell-off as overdone and are calling NOW a buying opportunity (buy-the-dip / double-bottom theses), citing durable subscription economics and FCF that support M&A and buybacks. ServiceNow: Buy This Double Bottom
• Neutral Sentiment: ISG and ecosystem updates show consulting partners (Genpact, Zaelab) and U.S. firms are standardizing ServiceNow as a governed AI/workflow platform — positive for long-term adoption but incremental near-term revenue. U.S. Firms Boost ServiceNow’s Impact with AI, Transparency
• Neutral Sentiment: New partner integrations (Simplify Alpha in healthcare; European strategies focused on AI sovereignty) expand addressable market and regulatory fit but are execution‑dependent. Simplify Alpha Partners With ServiceNow
• Negative Sentiment: Shares have plunged year‑to‑date and reacted harshly after earnings despite the beat and raised guidance; valuation compression and investor rotation into pure-play AI winners are pressuring NOW. ServiceNow AI Partnerships Test Workflow Stickiness As Shares Slide
• Negative Sentiment: Insider selling disclosed: Jacqueline P. Canney sold ~8,927 shares at ~$89.60, which may add short-term sentiment pressure. Insider SEC Filing

Wall Street Analysts Forecast Growth

NOW has been the subject of several research reports. Barclays initiated coverage on shares of ServiceNow in a research note on Thursday, April 23rd. They issued an “overweight” rating and a $132.00 price target for the company. Arete Research set a $200.00 price target on shares of ServiceNow in a research note on Tuesday, January 6th. Canaccord Genuity Group decreased their price target on shares of ServiceNow from $200.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. BMO Capital Markets reduced their price objective on shares of ServiceNow from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company cut their target price on shares of ServiceNow from $185.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.65.

About ServiceNow

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.