Teamwork Financial Advisors LLC Buys 123,035 Shares of ServiceNow, Inc. $NOW

Posted by George Bondi on Aug 8th, 2026

Teamwork Financial Advisors LLC lifted its stake in shares of ServiceNow, Inc. (NYSE:NOW – Free Report) by 389.2% during the second quarter, Holdings Channel.com reports. The firm owned 154,649 shares of the information technology services provider’s stock after buying an additional 123,035 shares during the period. ServiceNow accounts for approximately 1.4% of Teamwork Financial Advisors LLC’s holdings, making the stock its 23rd largest position. Teamwork Financial Advisors LLC’s holdings in ServiceNow were worth $15,354,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Covenant Asset Management LLC boosted its stake in ServiceNow by 169.2% in the fourth quarter. Covenant Asset Management LLC now owns 20,863 shares of the information technology services provider’s stock valued at $3,196,000 after acquiring an additional 13,114 shares during the last quarter. Norges Bank acquired a new position in shares of ServiceNow in the 4th quarter valued at $2,020,992,000. World Investment Advisors boosted its position in shares of ServiceNow by 411.7% in the 4th quarter. World Investment Advisors now owns 47,955 shares of the information technology services provider’s stock worth $7,346,000 after purchasing an additional 38,583 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of ServiceNow by 387.7% during the fourth quarter. Moors & Cabot Inc. now owns 45,630 shares of the information technology services provider’s stock worth $6,990,000 after purchasing an additional 36,274 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in ServiceNow by 385.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,599,397 shares of the information technology services provider’s stock valued at $398,202,000 after purchasing an additional 2,064,440 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

ServiceNow Stock Up 6.4%

Shares of NOW stock opened at $124.91 on Friday. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $194.73. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $106.73 and a 200-day moving average of $105.86. The company has a market capitalization of $129.16 billion, a price-to-earnings ratio of 78.07, a P/E/G ratio of 2.06 and a beta of 0.94.

ServiceNow (NYSE:NOW – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 EPS. As a group, equities research analysts predict that ServiceNow, Inc. will post 2.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NOW shares. Bank of America assumed coverage on ServiceNow in a report on Monday, May 18th. They set a “buy” rating and a $130.00 target price on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of ServiceNow in a research note on Monday. Wells Fargo & Company cut their target price on shares of ServiceNow from $185.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Wolfe Research set a $125.00 price target on shares of ServiceNow in a research report on Thursday, April 23rd. Finally, Evercore restated an “outperform” rating and issued a $160.00 price objective on shares of ServiceNow in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, ServiceNow presently has an average rating of “Moderate Buy” and an average target price of $143.39.

View Our Latest Analysis on NOW

Insider Transactions at ServiceNow

In related news, insider Paul Fipps sold 1,048 shares of ServiceNow stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $98.51, for a total value of $103,238.48. Following the sale, the insider owned 12,072 shares of the company’s stock, valued at approximately $1,189,212.72. This trade represents a 7.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Paul Edward Chamberlain sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $87.23, for a total value of $130,845.00. Following the completion of the sale, the director owned 44,930 shares in the company, valued at $3,919,243.90. The trade was a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,993 shares of company stock valued at $1,716,436 over the last three months. Company insiders own 0.34% of the company’s stock.

ServiceNow Company 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.