ServiceNow, Inc. $NOW Shares Purchased by Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD boosted its stake in shares of ServiceNow, Inc. (NYSE:NOWFree Report) by 223.3% in the second quarter, HoldingsChannel.com reports. The fund owned 94,318 shares of the information technology services provider’s stock after purchasing an additional 65,140 shares during the period. ServiceNow makes up about 1.2% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s investment portfolio, making the stock its 27th biggest position. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in ServiceNow were worth $9,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NOW. CBIZ Investment Advisory Services LLC increased its stake in shares of ServiceNow by 540.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 135 shares in the last quarter. Blueline Advisors LLC acquired a new position in shares of ServiceNow during the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC lifted its holdings in ServiceNow by 560.0% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 140 shares in the last quarter. Cornerstone Financial Management LLC lifted its stake in shares of ServiceNow by 72.8% in the second quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock worth $25,000 after buying an additional 107 shares in the last quarter. Finally, Wealth Watch Advisors INC lifted its stake in ServiceNow by 432.3% in the 4th quarter. Wealth Watch Advisors INC now owns 165 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 134 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Paul Fipps sold 2,034 shares of ServiceNow stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $147.87, for a total value of $300,767.58. Following the completion of the sale, the insider owned 18,305 shares in the company, valued at approximately $2,706,760.35. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Chamberlain sold 2,700 shares of ServiceNow stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $135.50, for a total transaction of $365,850.00. Following the completion of the sale, the director owned 43,990 shares of the company’s stock, valued at $5,960,645. This trade represents a 5.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 14,081 shares of company stock valued at $1,937,904. Company insiders own 0.34% of the company’s stock.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

  • Positive Sentiment: ServiceNow’s acquisition of Sweep is intended to strengthen its competitive challenge to Salesforce by expanding its sales and customer-workflow capabilities. The deal could improve NOW’s ability to offer a broader AI-enabled platform to enterprise customers. ServiceNow Sharpens Its Salesforce Attack With Sweep Acquisition
  • Positive Sentiment: BTIG raised its ServiceNow price target to $170 from $150 and maintained a “buy” rating, signaling confidence in the company’s AI opportunity, recurring subscription revenue and long-term growth prospects. BTIG Raises ServiceNow Price Target
  • Positive Sentiment: Deloitte was named a Leader in IDC’s assessment of ServiceNow implementation-service providers. The recognition supports ServiceNow’s partner ecosystem and could help drive additional AI-transformation deployments on its platform. Deloitte Named a Leader in ServiceNow Implementation Services
  • Neutral Sentiment: NOW has gained about 25% over three months and approximately 33% in the latest month as concerns that AI could broadly disrupt software stocks eased. The company’s roughly $4 billion quarterly revenue, up about 24% year over year, reinforces the growth case, but investors are debating whether the rally is fully priced in. ServiceNow Jumps 25% in 3 Months
  • Neutral Sentiment: Market commentary highlights a valuation reset and renewed dip-buying interest, while technical traders are watching resistance near $126–$129. Continued trading above that area could support further momentum, though the signal is not fundamental confirmation. ServiceNow Stock Opinions on Recent Price Action and Valuation Reset
  • Negative Sentiment: Analysts and investors continue to cite intense competition, possible margin pressure and NOW’s premium valuation as risks. ServiceNow insiders have also reported multiple open-market sales without purchases in the past six months, which may weigh on sentiment even though such transactions do not necessarily reflect deteriorating fundamentals. ServiceNow Buy, Sell or Hold Analysis

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Piper Sandler reiterated an “overweight” rating and set a $140.00 price target on shares of ServiceNow in a report on Thursday, July 23rd. The Goldman Sachs Group reiterated a “buy” rating on shares of ServiceNow in a report on Monday, August 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $248.00 price target (up from $236.00) on shares of ServiceNow in a research note on Thursday, July 23rd. KeyCorp restated an “underweight” rating on shares of ServiceNow in a report on Tuesday, July 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $140.00 price target (up from $130.00) on shares of ServiceNow in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $144.73.

Read Our Latest Report on ServiceNow

ServiceNow Stock Down 5.0%

Shares of NOW opened at $134.21 on Wednesday. The firm has a market cap of $138.77 billion, a P/E ratio of 83.88, a price-to-earnings-growth ratio of 2.57 and a beta of 0.97. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $194.73. The company’s 50-day moving average price is $118.73 and its 200 day moving average price is $108.39. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43.

ServiceNow (NYSE:NOWGet Free Report) last posted its earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. ServiceNow’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 earnings per share. On average, sell-side analysts forecast that ServiceNow, Inc. will post 2.24 earnings per share for the current year.

ServiceNow Company Profile

(Free Report)

ServiceNow, Inc is a cloud-based enterprise software company that provides digital workflow and automation solutions. Its Now Platform enables organizations to manage and connect business processes across information technology, customer service, human resources, finance, legal operations and other departments.

The company’s products and services include IT service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance management, strategic portfolio management and application development tools.

See Also

Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow, Inc. (NYSE:NOWFree Report).

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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