ServiceNow, Inc. (NYSE:NOW – Get Free Report) Director Paul Edward Chamberlain sold 2,700 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $135.50, for a total value of $365,850.00. Following the transaction, the director owned 43,990 shares of the company’s stock, valued at $5,960,645. The trade was a 5.78% 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.
Paul Edward Chamberlain also recently made the following trade(s):
- On Thursday, August 13th, Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock. The shares were sold at an average price of $125.60, for a total transaction of $188,400.00.
ServiceNow Stock Up 2.6%
Shares of NYSE:NOW opened at $148.43 on Tuesday. The company has a 50 day moving average price of $113.43 and a two-hundred day moving average price of $106.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $153.48 billion, a PE ratio of 92.77, a PEG ratio of 2.55 and a beta of 0.94. ServiceNow, Inc. has a 52 week low of $81.24 and a 52 week high of $194.73.
Wall Street Analyst Weigh In
Several research firms recently commented on NOW. TD Cowen reaffirmed a “buy” rating and issued a $140.00 price objective on shares of ServiceNow in a research report on Monday, August 17th. Weiss Ratings raised ServiceNow from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 20th. KeyCorp reaffirmed an “underweight” rating on shares of ServiceNow in a research report on Tuesday, July 21st. Oppenheimer reiterated an “outperform” rating and issued a $140.00 price objective (up from $130.00) on shares of ServiceNow in a report on Wednesday, July 15th. Finally, Bank of America increased their target price on shares of ServiceNow from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $144.24.
Check Out Our Latest Analysis on NOW
Trending Headlines about ServiceNow
Here are the key news stories impacting ServiceNow this week:
- Positive Sentiment: Investor enthusiasm is being supported by reports that ServiceNow’s AI-related contracts have surpassed $1 billion, while its latest quarterly results exceeded expectations: adjusted EPS was $0.90 versus a $0.86 consensus estimate, revenue reached $3.99 billion versus $3.93 billion expected, and revenue increased 24% year over year. ServiceNow Stock Surges Nearly 5% as AI Revenue Reaches $1 Billion Benchmark
- Positive Sentiment: ServiceNow is benefiting from a broader rebound in software stocks. Recent earnings from ServiceNow and other major software companies are easing fears that generative AI will erode demand for traditional enterprise applications, instead suggesting that AI is expanding automation spending. The SaaSpocalypse Trade Is Cracking
- Positive Sentiment: A technical trading signal appeared near $144.84, followed by a move toward an intraday high, adding short-term momentum to the stock. ServiceNow Stock Up Nearly 3% After Key Trading Signal
- Neutral Sentiment: Articles comparing ServiceNow with Salesforce and UiPath highlight its strong enterprise position and AI-automation opportunity, but also frame the sector as a competitive contest in which execution and the economics of “agentic” AI consumption will determine the long-term winner. ServiceNow Vs. Salesforce
- Negative Sentiment: Broader market pressure tied to escalating geopolitical tensions weighed on software shares during the session, creating a headwind despite ServiceNow-specific AI optimism. ServiceNow Stock Slips Monday
- Negative Sentiment: Director Paul Edward Chamberlain sold 2,700 shares for approximately $365,850, reducing his holdings by 5.78%. The remaining stake is substantial, but the insider sale may add limited selling pressure. SEC Insider Trading Filing
Institutional Trading of ServiceNow
Hedge funds have recently modified their holdings of the stock. Cornerstone Financial Management LLC increased its holdings in shares of ServiceNow by 72.8% during the second quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 107 shares during the period. Brown Financial Advisors grew its position in ServiceNow by 18.0% during the second quarter. Brown Financial Advisors now owns 11,937 shares of the information technology services provider’s stock worth $1,185,000 after buying an additional 1,821 shares in the last quarter. Advus Financial Partners LLC increased its stake in ServiceNow by 71.7% during the 2nd quarter. Advus Financial Partners LLC now owns 3,763 shares of the information technology services provider’s stock worth $374,000 after acquiring an additional 1,572 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in ServiceNow in the 2nd quarter valued at $28,275,000. Finally, California State Teachers Retirement System lifted its position in shares of ServiceNow by 9,980.9% during the 2nd quarter. California State Teachers Retirement System now owns 154,496,061 shares of the information technology services provider’s stock valued at $15,338,369,000 after acquiring an additional 152,963,494 shares during the period. Institutional investors and hedge funds 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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