ServiceNow (NYSE:NOW) Trading Down 6.5% – Time to Sell?

Posted by George Bondi on Jun 9th, 2026

ServiceNow, Inc. (NYSE:NOW – Get Free Report)’s stock price fell 6.5% on Tuesday . The company traded as low as $103.08 and last traded at $106.7980. 35,322,936 shares were traded during trading, an increase of 47% from the average session volume of 24,017,369 shares. The stock had previously closed at $114.19.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

Positive Sentiment: NICE announced an AI-first integration with ServiceNow to unify customer engagement and enterprise workflows, reinforcing ServiceNow’s role as a core platform in enterprise automation. NICE Launches AI-First ServiceNow Integration to Unify Customer Engagement and Enterprise Workflows
Positive Sentiment: Thoma Bravo’s founder said fears of an AI-driven “SaaSpocalypse” are fading, calling AI an “enormous tailwind” for software companies, which may ease investor concerns about SaaS demand. “SaaSpocalypse is over,” Thoma Bravo founder says
Neutral Sentiment: Market commentary comparing EXLS and NOW as value options keeps ServiceNow in the spotlight, but it does not provide a direct operational catalyst. EXLS vs. NOW: Which Stock Is the Better Value Option?
Negative Sentiment: Risk-off trading and weakness in the Nasdaq are pressuring enterprise software stocks, including ServiceNow, as investors take profits after the recent rebound. Nasdaq Slides as Chip Stocks Reverse Course
Negative Sentiment: Multiple reports highlight ServiceNow shares as sliding on Tuesday, indicating near-term selling pressure despite otherwise constructive long-term software and AI sentiment. ServiceNow Shares Are Sliding Tuesday: What’s Going On?

Analyst Ratings Changes

A number of research firms have weighed in on NOW. Capital One Financial upped their price target on ServiceNow from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reduced their price target on ServiceNow from $180.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a $135.00 price target (down from $175.00) on shares of ServiceNow in a research report on Thursday, April 23rd. Citigroup upped their price target on ServiceNow from $154.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Bank of America began coverage on ServiceNow in a research report on Monday, May 18th. They set a “buy” rating and a $130.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and an average target price of $141.85.

View Our Latest Report on NOW

ServiceNow Trading Down 6.5%

The company has a market cap of $110.11 billion, a P/E ratio of 63.65, a PEG ratio of 1.86 and a beta of 0.94. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $99.69 and a 200-day moving average price of $121.36.

ServiceNow (NYSE:NOW – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share 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 business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the business earned $0.81 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Analysts forecast that ServiceNow, Inc. will post 2.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Paul Fipps sold 1,048 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $98.51, for a total value of $103,238.48. Following the sale, the insider owned 12,072 shares in the company, valued at approximately $1,189,212.72. This represents a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Also, Director Anita M. Sands sold 16,445 shares of the stock in a transaction on 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 sale, the director owned 30,090 shares in the company, valued at approximately $2,712,312.60. This trade represents a 35.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,071 shares of company stock worth $2,529,956 in the last quarter. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On ServiceNow

A number of large investors have recently added to or reduced their stakes in NOW. IAG Wealth Partners LLC increased its position in ServiceNow by 200.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock worth $25,000 after buying an additional 18 shares during the period. Noble Wealth Management PBC boosted its position in shares of ServiceNow by 400.0% in the fourth quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 128 shares during the period. Millstone Evans Group LLC boosted its position in shares of ServiceNow by 400.0% in the fourth quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 132 shares during the period. CBIZ Investment Advisory Services LLC boosted its position in shares of ServiceNow by 540.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 135 shares during the period. Finally, Blueline Advisors LLC bought a new stake in shares of ServiceNow in the fourth quarter valued at about $25,000. Institutional investors own 87.18% of the company’s stock.

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.