4,297 ServiceNow, Inc. $NOW Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC trimmed its stake in ServiceNow, Inc. (NYSE:NOW) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,593 shares of the information technology services provider’s stock after selling 4,297 shares during the quarter. Motley Fool Asset Management LLC’s holdings in ServiceNow were worth $14,285,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NOW. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of ServiceNow by 33.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 7,405 shares of the information technology services provider’s stock worth $992,000 after purchasing an additional 1,863 shares during the last quarter. North Dakota State Investment Board raised its position in shares of ServiceNow by 1.2% in the third quarter. North Dakota State Investment Board now owns 31,433 shares of the information technology services provider’s stock valued at $4,212,000 after buying an additional 378 shares during the last quarter. Heritage Wealth Management Inc. CA acquired a new position in shares of ServiceNow in the third quarter valued at approximately $14,300,000. Laurel Wealth Advisors LLC purchased a new position in shares of ServiceNow during the third quarter valued at approximately $60,000. Finally, Generali Asset Management SPA SGR lifted its stake in shares of ServiceNow by 6.7% during the third quarter. Generali Asset Management SPA SGR now owns 92,253 shares of the information technology services provider’s stock valued at $12,363,000 after buying an additional 5,832 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow reported third-quarter revenue of $4.11 billion, up 20.5% year over year and above the $4.09 billion analyst estimate. Subscription revenue reached $3.988 billion, representing 21% growth. ServiceNow Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management highlighted continued momentum in enterprise AI, including an expanded partnership with OpenAI to connect AI reasoning with governed business workflows and cybersecurity applications. ServiceNow and OpenAI partnership
• Positive Sentiment: HPE selected ServiceNow for a five-year agreement to support its Cloud & AI business, while ServiceNow also launched a Control Tower Alliance with major technology and security partners. These developments could support longer-term AI adoption and recurring revenue. HPE selects ServiceNow
• Neutral Sentiment: ServiceNow’s AI growth outlook remains a key long-term strength, but investors are scrutinizing whether accelerating AI bookings and multi-million-dollar deals can justify the company’s elevated valuation and sustain its recent share-price gains. ServiceNow AI outlook
• Negative Sentiment: Adjusted earnings were $1.00 per share, below the $1.02 consensus estimate and only modestly above $0.96 a year earlier. Acquisition-related costs ended a six-quarter streak of earnings beats, raising concerns about near-term profitability. ServiceNow Q3 earnings miss
• Negative Sentiment: The company’s fourth-quarter revenue outlook came in below Wall Street expectations. That guidance disappointed investors despite the revenue beat and helped drive the sharp decline in ServiceNow shares following the report. ServiceNow weak Q4 outlook

Insider Buying and Selling at ServiceNow

In other news, insider Jacqueline P. Canney sold 7,847 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the completion of the sale, the insider directly owned 30,042 shares in the company, valued at $4,145,796. This represents a 20.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Fipps sold 2,034 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $147.87, for a total value of $300,767.58. Following the completion of the transaction, the insider directly owned 18,305 shares in the company, valued at $2,706,760.35. This trade represents a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,081 shares of company stock worth $1,937,904 in the last quarter. 0.34% of the stock is owned by insiders.

ServiceNow Price Performance

NOW opened at $149.55 on Thursday. The company’s 50 day simple moving average is $139.55 and its 200 day simple moving average is $115.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $192.97. The stock has a market capitalization of $154.63 billion, a PE ratio of 93.47, a P/E/G ratio of 2.92 and a beta of 0.99.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the firm posted $4.82 earnings per share. ServiceNow’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, sell-side analysts expect that ServiceNow, Inc. will post 2.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NOW shares. Cantor Fitzgerald raised their target price on shares of ServiceNow from $174.00 to $201.00 and gave the stock an “overweight” rating in a research report on Monday. Piper Sandler increased their price target on ServiceNow from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. Yorkville Ives began coverage on ServiceNow in a research note on Monday, October 5th. They set an “outperform” rating and a $160.00 price target on the stock. Bank of America raised their price objective on ServiceNow from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, Argus lifted their price objective on ServiceNow from $134.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, two have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.74.

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.