Wealth High Governance Capital Ltda bought a new position in ServiceNow, Inc. (NYSE:NOW – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,003 shares of the information technology services provider’s stock, valued at approximately $732,000.
A number of other large investors have also recently added to or reduced their stakes in NOW. Wealth High Governance Asset Management Ltda. bought a new position in shares of ServiceNow during the first quarter worth about $627,000. Lombard Odier Asset Management Europe Ltd lifted its stake in ServiceNow by 104.9% in the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 99,813 shares of the information technology services provider’s stock valued at $10,435,000 after acquiring an additional 51,108 shares in the last quarter. Caerus Investment Advisors LLC lifted its stake in ServiceNow by 100.0% in the 1st quarter. Caerus Investment Advisors LLC now owns 7,030 shares of the information technology services provider’s stock valued at $735,000 after acquiring an additional 3,515 shares in the last quarter. Integrated Investment Consultants LLC lifted its stake in ServiceNow by 12.4% in the 1st quarter. Integrated Investment Consultants LLC now owns 3,011 shares of the information technology services provider’s stock valued at $315,000 after acquiring an additional 331 shares in the last quarter. Finally, Maripau Wealth Management LLC boosted its position in ServiceNow by 26.4% during the 1st quarter. Maripau Wealth Management LLC now owns 3,420 shares of the information technology services provider’s stock worth $358,000 after acquiring an additional 715 shares during the last quarter. Institutional investors own 87.18% of the company’s stock.
ServiceNow Trading Up 0.3%
Shares of ServiceNow stock opened at $111.57 on Monday. The stock has a market cap of $115.36 billion, a P/E ratio of 69.73, a P/E/G ratio of 1.96 and a beta of 0.94. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $196.40. The business’s 50 day moving average is $105.64 and its 200-day moving average is $106.18.
ServiceNow News Summary
Here are the key news stories impacting ServiceNow this week:
- Positive Sentiment: ServiceNow raised its full-year revenue outlook, reinforcing confidence in continued demand for its workflow-automation platform and supporting the recent improvement in the stock. Why Shares of ServiceNow Stock Were Rising This Week
- Positive Sentiment: Second-quarter revenue rose approximately 24% year over year to about $4 billion, while adjusted earnings exceeded expectations. Management also highlighted more than $1 billion in AI-related contract value, suggesting AI agents are adding consumption-based revenue rather than simply reducing software-seat demand. ServiceNow Stock Opinions on Q2 Earnings Results
- Positive Sentiment: Analyst commentary remains constructive, with reported price targets materially above the recent trading level. One bullish analysis raised its fair-value estimate to $160, citing accelerating user retention, strong organic growth, pricing power in AI products and a long-term target of $30 billion to $32 billion in subscription revenue. ServiceNow User Retention Is Accelerating
- Neutral Sentiment: Dynamic Lifecycle Innovations launched an IT asset-disposition application on ServiceNow, adding another example of partners expanding the platform’s use cases. The announcement is strategically supportive but is unlikely to materially change near-term revenue expectations. Dynamic Lifecycle Innovations launches new ServiceNow app
- Negative Sentiment: ServiceNow could eliminate up to 1,000 positions this year as part of a post-acquisition “rightsizing” effort. The cuts may improve efficiency and margins, but reports of continuing layoffs create execution, morale and integration concerns for investors. Exclusive: ServiceNow to cut up to 1K jobs
Analyst Ratings Changes
NOW has been the subject of several research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $145.00 price target (down from $163.00) on shares of ServiceNow in a research note on Wednesday, July 8th. Citizens Jmp restated a “market outperform” rating and set a $157.00 target price on shares of ServiceNow in a report on Tuesday, May 5th. BMO Capital Markets raised their target price on shares of ServiceNow from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Evercore reaffirmed an “outperform” rating and issued a $160.00 target price on shares of ServiceNow in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price target on shares of ServiceNow in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, ServiceNow has an average rating of “Moderate Buy” and an average price target of $143.39.
Insider Buying and Selling at ServiceNow
In other 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 transaction of $1,482,352.30. Following the transaction, the director directly owned 30,090 shares in the company, valued at $2,712,312.60. The trade was a 35.34% decrease in their position. The transaction 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 company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $87.23, for a total transaction of $130,845.00. Following the completion of the sale, the director directly owned 44,930 shares in the company, valued at approximately $3,919,243.90. The trade was a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 19,144 shares of company stock worth $1,730,097 over the last quarter. 0.34% of the stock is currently owned by insiders.
ServiceNow 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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