ServiceNow, Inc. (NYSE:NOW – Get Free Report) rose 3.3% during mid-day trading on Tuesday . The stock traded as high as $97.50 and last traded at $96.07. 31,522,715 shares traded hands during trading, an increase of 30% from the average daily volume of 24,202,088 shares. The stock had previously closed at $93.01.
ServiceNow News Summary
Here are the key news stories impacting ServiceNow this week:
- Positive Sentiment: Shares are rebounding with the broader software group as investors buy recently pressured tech names. What’s Going On With The Boost In ServiceNow Stock?
- Positive Sentiment: ServiceNow is expanding AI governance and enterprise adoption through partnerships with Inspira Enterprise and IBM, which supports the company’s long-term growth narrative. Can Strategic Partnerships Help NOW Scale Enterprise AI Adoption?
- Positive Sentiment: Multiple analyst and media pieces continue to frame NOW as an attractive AI/software play, reinforcing investor interest in the stock’s valuation recovery. Wall Street Analysts Think ServiceNow (NOW) Is a Good Investment: Is It?
- Neutral Sentiment: Several articles are mostly educational or comparative in nature, including how to buy the stock and how NOW stacks up against Salesforce in AI, and are unlikely to move the shares on their own. How to Buy ServiceNow Stock (NOW) in 2026
- Negative Sentiment: Recent coverage also noted ServiceNow’s earlier drop versus the broader market, reminding investors that the stock has been under pressure before this rebound. ServiceNow (NOW) Suffers a Larger Drop Than the General Market: Key Insights
Analyst Ratings Changes
Several research firms have recently commented on NOW. The Goldman Sachs Group reduced their price target on ServiceNow from $188.00 to $163.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. DA Davidson reaffirmed a “buy” rating and set a $190.00 price objective on shares of ServiceNow in a report on Tuesday, May 5th. Barclays reiterated an “overweight” rating and issued a $134.00 price objective (up from $132.00) on shares of ServiceNow in a research report on Tuesday, May 5th. BNP Paribas Exane upgraded shares of ServiceNow from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a research report on Monday, March 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of ServiceNow from $180.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and a consensus price target of $142.17.
ServiceNow Stock Up 3.3%
The firm’s 50-day moving average price is $99.62 and its 200 day moving average price is $116.97. The firm has a market capitalization of $99.05 billion, a price-to-earnings ratio of 57.25, a price-to-earnings-growth ratio of 1.58 and a beta of 0.94. 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 – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the firm posted $0.81 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Sell-side analysts expect that ServiceNow, Inc. will post 2.34 EPS for the current year.
Insider Buying and Selling
In related news, Director Anita M. Sands sold 16,445 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $90.14, for a total value of $1,482,352.30. Following the completion of the transaction, the director owned 30,090 shares of the company’s stock, valued at approximately $2,712,312.60. The trade was a 35.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul Fipps sold 1,048 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $98.51, for a total transaction of $103,238.48. Following the transaction, the insider directly owned 12,072 shares in the company, valued at $1,189,212.72. The trade was a 7.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 28,071 shares of company stock worth $2,529,956. 0.34% of the stock is owned by company insiders.
Institutional Investors Weigh In On ServiceNow
Several hedge funds have recently modified their holdings of NOW. Norges Bank acquired a new stake in ServiceNow during the fourth quarter worth approximately $2,020,992,000. World Investment Advisors raised its holdings in ServiceNow by 411.7% in the 4th quarter. World Investment Advisors now owns 47,955 shares of the information technology services provider’s stock valued at $7,346,000 after acquiring an additional 38,583 shares in the last quarter. Cohen Klingenstein LLC lifted its position in shares of ServiceNow by 400.0% during the 4th quarter. Cohen Klingenstein LLC now owns 10,000 shares of the information technology services provider’s stock valued at $1,532,000 after acquiring an additional 8,000 shares during the period. Moors & Cabot Inc. grew its holdings in shares of ServiceNow by 387.7% during the 4th quarter. Moors & Cabot Inc. now owns 45,630 shares of the information technology services provider’s stock worth $6,990,000 after purchasing an additional 36,274 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of ServiceNow by 385.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,599,397 shares of the information technology services provider’s stock worth $398,202,000 after purchasing an additional 2,064,440 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than ServiceNow
- Oracle’s Sell-Off Looks More Like a Mispricing Than a Warning
- Apple’s Intel Deal Arrives at the Right Time for Its Stock
- Liquid Gold: The AI Cooling Retrofit Trade
- 3 Dividend Stocks Under $30 to Anchor Your Portfolio
Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.
