Corient Private Wealth LP Makes New $119.28 Million Investment in ServiceNow, Inc. $NOW

Posted by Stanley Muller on Aug 27th, 2026

Corient Private Wealth LP bought a new position in ServiceNow, Inc. (NYSE:NOW – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,448,627 shares of the information technology services provider’s stock, valued at approximately $119,279,000.

Several other institutional investors also recently modified their holdings of NOW. Perennial Investment Advisors LLC purchased a new stake in shares of ServiceNow during the second quarter valued at approximately $220,000. Ausdal Financial Partners Inc. bought a new stake in ServiceNow during the second quarter worth $2,138,000. Bain Capital Venture Investors LLC purchased a new position in ServiceNow in the second quarter worth $113,656,737,000. Bank of America Corp DE purchased a new position in ServiceNow in the second quarter worth $627,355,000. Finally, Praesidium Investment Management Company LLC bought a new position in ServiceNow in the 2nd quarter valued at $19,512,491,000. 87.18% of the stock is owned by institutional investors.

Insider Buying and Selling at ServiceNow

In other news, Director Paul Edward Chamberlain sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $125.60, for a total value of $188,400.00. Following the sale, the director owned 46,690 shares of the company’s stock, valued at $5,864,264. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.34% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NOW. Evercore reaffirmed an “outperform” rating and set a $160.00 target price on shares of ServiceNow in a research report on Thursday, July 23rd. KeyCorp restated an “underweight” rating on shares of ServiceNow in a research report on Tuesday, July 21st. BTIG Research restated a “buy” rating and set a $150.00 price target on shares of ServiceNow in a research report on Wednesday, July 22nd. Robert W. Baird raised their price objective on shares of ServiceNow from $118.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of ServiceNow from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.24.

Get Our Latest Stock Report on NOW

ServiceNow Stock Down 1.0%

Shares of NYSE NOW opened at $125.68 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $129.95 billion, a PE ratio of 78.55, a P/E/G ratio of 2.23 and a beta of 0.94. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $194.73. The business’s fifty day moving average price is $110.48 and its 200-day moving average price is $106.06.

ServiceNow (NYSE:NOW – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.93 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. On average, equities research analysts anticipate that ServiceNow, Inc. will post 2.24 EPS for the current year.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

Positive Sentiment: ServiceNow expanded its AI ecosystem through a multiyear partnership with Tech Mahindra, which is intended to scale enterprise AI deployments on the ServiceNow platform. The agreement supports the company’s positioning as an “AI control tower” and could drive additional platform adoption. ServiceNow In Focus Following Tech Mahindra AI Deal
Positive Sentiment: Pricefx announced an integration that brings AI-powered pricing and deal optimization into ServiceNow sales workflows, including negotiation guidance, product recommendations and sales-agent capabilities. Such integrations may increase the platform’s usefulness and strengthen its enterprise software ecosystem. Pricefx Announces Integration with ServiceNow
Positive Sentiment: Recent commentary remains bullish on ServiceNow’s AI growth potential, while CoreX, an elite ServiceNow partner, launched AI Horizon to help enterprises adopt AI-native workflows on the company’s platform. CoreX Launches AI Horizon
Neutral Sentiment: Bank of America’s higher price targets for software stocks suggest improving sentiment toward the sector, although broader market futures were weaker and the benefit to NOW may be limited. Bank of America Raises Software Price Targets
Negative Sentiment: ServiceNow shares moved lower as investors took profits following an approximately 29% one-month rally. Cooling momentum indicators and technical resistance near $150 have increased near-term selling pressure. What’s Going On With ServiceNow Stock Wednesday?
Negative Sentiment: Investors are also assessing fair value after the rally, including the impact of a separate employee stock offering. ServiceNow’s elevated valuation leaves the stock vulnerable if AI monetization fails to accelerate.
Negative Sentiment: Broader software-sector volatility, leveraged trading and concerns that AI-built applications could eventually displace traditional SaaS platforms are adding risk. Datadog was judged to have an edge over NOW on growth and earnings momentum, another potential rotation headwind. Momentum and Leveraged Trading Keep Software Stocks Volatile

ServiceNow Profile

(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.