Shares of ServiceNow, Inc. (NYSE:NOW – Get Free Report) fell 2.1% on Wednesday . The company traded as low as $86.01 and last traded at $87.1140. 21,959,330 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 21,436,350 shares. The stock had previously closed at $89.00.
Key ServiceNow News
Here are the key news stories impacting ServiceNow this week:
- Positive Sentiment: Boomi and ServiceNow launched a workflow-data partnership that supports the company’s AI and enterprise automation growth story. Boomi and ServiceNow Partner to Power Data Activation Across the Enterprise
- Positive Sentiment: Analysts remain constructive, with higher price targets and commentary pointing to stronger AI-related growth potential. ServiceNow (NOW) Price Target Raised as AI Growth Story Gains Strength
- Positive Sentiment: FedEx is expanding its ServiceNow partnership, signaling continued enterprise demand for the platform. FedEx expands ServiceNow partnership
- Neutral Sentiment: Coverage around Knowledge 2026 and agentic AI highlights product momentum, but with no clear immediate earnings impact. Orchestration Over Execution: ServiceNow And The AI Misclassification
- Neutral Sentiment: A small insider sale by Paul Fipps was disclosed under a pre-arranged trading plan, making it a limited signal for investors. SEC insider filing for Paul Fipps
- Negative Sentiment: ServiceNow’s planned $4 billion bond sale may weigh on sentiment because it introduces financing and leverage concerns. Software Firm ServiceNow Plans to Raise $4 Billion in Bond Sale
Analyst Ratings Changes
A number of equities analysts recently commented on NOW shares. Evercore upped their target price on ServiceNow from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Wall Street Zen downgraded shares of ServiceNow from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Cantor Fitzgerald decreased their price objective on shares of ServiceNow to $122.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Argus dropped their target price on shares of ServiceNow from $180.00 to $134.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Finally, Benchmark initiated coverage on shares of ServiceNow in a research note on Wednesday, April 1st. They set a “buy” rating and a $125.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ServiceNow presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.71.
ServiceNow Trading Down 2.1%
The stock’s fifty day simple moving average is $101.80 and its two-hundred day simple moving average is $130.69. The firm has a market cap of $89.81 billion, a PE ratio of 51.92, a PEG ratio of 1.62 and a beta of 0.82. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13.
ServiceNow (NYSE:NOW – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, meeting analysts’ consensus estimates of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. ServiceNow’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, sell-side analysts forecast that ServiceNow, Inc. will post 2.35 EPS for the current fiscal year.
Insider Buying and Selling at ServiceNow
In other news, insider Jacqueline P. Canney sold 8,927 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $89.60, for a total value of $799,859.20. Following the transaction, the insider owned 29,531 shares in the company, valued at $2,645,977.60. This represents a 23.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Edward Chamberlain sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $101.17, for a total transaction of $151,755.00. Following the sale, the director owned 46,430 shares of the company’s stock, valued at $4,697,323.10. This trade represents a 3.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,315 shares of company stock worth $2,510,682 over the last 90 days. 0.34% of the stock is owned by company insiders.
Institutional Trading of ServiceNow
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cohen Klingenstein LLC increased its position in ServiceNow by 400.0% during the fourth 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 last quarter. World Investment Advisors lifted its stake in ServiceNow by 411.7% in the fourth quarter. World Investment Advisors now owns 47,955 shares of the information technology services provider’s stock worth $7,346,000 after acquiring an additional 38,583 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of ServiceNow by 385.9% in the 4th 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 acquiring an additional 2,064,440 shares in the last quarter. Torray Investment Partners LLC raised its position in shares of ServiceNow by 390.5% in the 4th quarter. Torray Investment Partners LLC now owns 40,629 shares of the information technology services provider’s stock worth $6,224,000 after acquiring an additional 32,345 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of ServiceNow by 280.1% during the 4th quarter. Jennison Associates LLC now owns 8,432,389 shares of the information technology services provider’s stock worth $1,291,758,000 after purchasing an additional 6,213,762 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.
ServiceNow Company Profile
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.
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