Carmignac Gestion reduced its position in shares of ServiceNow, Inc. (NYSE:NOW – Free Report) by 75.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 371,803 shares of the information technology services provider’s stock after selling 1,142,046 shares during the quarter. Carmignac Gestion’s holdings in ServiceNow were worth $36,914,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of NOW. CBIZ Investment Advisory Services LLC lifted its position in ServiceNow by 540.0% in the 4th 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 in the last quarter. Blueline Advisors LLC bought a new stake in shares of ServiceNow in the 4th quarter worth $25,000. Measured Wealth Private Client Group LLC raised its stake in shares of ServiceNow by 560.0% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 165 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 140 shares during the last quarter. Cornerstone Financial Management LLC lifted 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 valued at $25,000 after purchasing an additional 107 shares in the last quarter. Finally, Wealth Watch Advisors INC boosted its position in shares of ServiceNow by 432.3% during the fourth quarter. Wealth Watch Advisors INC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 134 shares during the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.
ServiceNow Stock Performance
NYSE NOW traded down $7.05 on Tuesday, hitting $134.21. 14,581,966 shares of the company traded hands, compared to its average volume of 23,248,439. The company has a market capitalization of $138.77 billion, a price-to-earnings ratio of 83.88, a P/E/G ratio of 2.57 and a beta of 0.97. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average price is $118.03 and its 200-day moving average price is $108.20. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $194.73.
Insiders Place Their Bets
In other news, Director Paul Chamberlain sold 2,700 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $135.50, for a total value of $365,850.00. Following the completion of the sale, the director directly owned 43,990 shares of the company’s stock, valued at $5,960,645. This represents a 5.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul Fipps sold 2,034 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $147.87, for a total transaction of $300,767.58. Following the sale, the insider owned 18,305 shares in the company, valued at $2,706,760.35. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 14,081 shares of company stock worth $1,937,904. Company insiders own 0.34% of the company’s stock.
ServiceNow News Summary
Here are the key news stories impacting ServiceNow this week:
- Positive Sentiment: BTIG raised its price target to $170 and maintained a “Buy” rating, implying substantial upside from recent trading levels. The upgrade provides a near-term bullish catalyst and reflects confidence in ServiceNow’s growth prospects. BTIG price target report
- Positive Sentiment: ServiceNow acquired Sweep, sharpening its effort to compete with Salesforce in customer relationship management and sales automation. The deal could expand NOW’s AI-enabled workflow and sales capabilities, although financial terms and the near-term revenue contribution were not disclosed. ServiceNow Sweep acquisition article
- Positive Sentiment: Deloitte was named a Leader in IDC’s 2026 assessment of ServiceNow implementation services. The recognition supports the strength of ServiceNow’s partner ecosystem and demand for AI-enabled implementations, though it is an indirect benefit rather than a direct financial announcement. Deloitte ServiceNow implementation services article
- Neutral Sentiment: Analyst commentary highlights strong AI growth, subscription gains and broad enterprise demand. ServiceNow’s recent quarterly results also showed roughly 24% year-over-year revenue growth, but investors are weighing those strengths against a premium valuation and margin pressure. ServiceNow buy, sell or hold analysis
- Neutral Sentiment: Recent commentary says the stock’s rebound was helped by temporarily easing fears that artificial intelligence would displace software companies. However, this sentiment-driven support may remain fragile as the market reassesses AI adoption and software-sector valuations. Why ServiceNow stock rose last month
- Negative Sentiment: Valuation and competition remain key risks. Analysts point to stiff competition, potential margin compression and a high earnings multiple, while recent insider activity shows several executives selling shares and no reported insider purchases in the past six months. ServiceNow valuation and insider trading analysis
Analysts Set New Price Targets
A number of equities analysts have weighed in on NOW shares. Piper Sandler reissued an “overweight” rating and issued a $140.00 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. Needham & Company LLC reiterated a “buy” rating and set a $115.00 target price on shares of ServiceNow in a research note on Thursday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $130.00 price target on shares of ServiceNow in a report on Thursday, July 23rd. Finally, Robert W. Baird upped their price objective on ServiceNow from $118.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ServiceNow presently has an average rating of “Moderate Buy” and an average price target of $144.73.
Check Out Our Latest Report on ServiceNow
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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