Rep. Gilbert Ray Cisneros, Jr. Sells ServiceNow, Inc. (NYSE:NOW) Shares

Posted by Stuart Ham on May 12th, 2026

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of ServiceNow, Inc. (NYSE:NOW). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in ServiceNow stock on April 14th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 5/1/2026.
Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 5/1/2026.
Purchased $1,001 – $15,000 in shares of LPL Financial (NASDAQ:LPLA) on 5/1/2026.
Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 5/1/2026.
Sold $1,001 – $15,000 in shares of SS&C Technologies (NASDAQ:SSNC) on 5/1/2026.
Purchased $1,001 – $15,000 in shares of Wayfair (NYSE:W) on 5/1/2026.
Purchased $1,001 – $15,000 in shares of STERIS (NYSE:STE) on 5/1/2026.
Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 5/1/2026.
Purchased $1,001 – $15,000 in shares of Sensata Technologies (NYSE:ST) on 5/1/2026.
Purchased $1,001 – $15,000 in shares of Veralto (NYSE:VLTO) on 5/1/2026.

ServiceNow Stock Performance

NOW traded down $2.24 during midday trading on Tuesday, hitting $89.25. 14,511,134 shares of the company traded hands, compared to its average volume of 21,357,711. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $92.01 billion, a PE ratio of 53.24, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. The company’s 50-day moving average is $102.18 and its 200 day moving average is $131.38. ServiceNow, Inc. has a 52 week low of $81.24 and a 52 week high of $211.48.

ServiceNow (NYSE:NOW – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.97. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 EPS. On average, research analysts expect that ServiceNow, Inc. will post 2.35 EPS for the current year.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

Positive Sentiment: Boomi was named a launch partner for ServiceNow’s Workflow Data Network Passport Program, a move that could help customers accelerate AI-driven outcomes and deepen ServiceNow’s enterprise data integration story. Boomi and ServiceNow Partner to Power Data Activation Across the Enterprise
Positive Sentiment: Analyst commentary remains supportive, with Evercore ISI raising its price target on ServiceNow to $150 from $140 and BMO reiterating an Outperform rating, both citing the company’s growing AI opportunity and platform defensiveness. ServiceNow (NOW) Price Target Raised as AI Growth Story Gains Strength
Positive Sentiment: ServiceNow’s Knowledge 2026 announcements highlighted expanded AI controls, security and identity offerings, and new governance tools, reinforcing the company’s pitch as an enterprise AI control layer rather than just a workflow software vendor. ServiceNow Seeks AI Control Role As Stock Struggles And Partnerships Grow
Positive Sentiment: FedEx expanded its partnership with ServiceNow, another sign that large enterprises are increasing adoption of ServiceNow’s platform for digital workflow and automation use cases. FedEx expands ServiceNow partnership
Neutral Sentiment: Coverage from Security Boulevard and Computer Weekly on ServiceNow Knowledge 2026 reflects ongoing industry attention to the company’s AI and identity strategy, but these pieces appear more informational than directly market-moving. ServiceNow Knowledge ’26 and the Identity Question AI Can’t Answer
Neutral Sentiment: Reports that ServiceNow plans to raise $4 billion in a bond sale are worth watching, but the financing move is not clearly a near-term negative and may simply support strategic flexibility. Software Firm ServiceNow Plans to Raise $4 Billion in Bond Sale

Institutional Trading of ServiceNow

Several institutional investors and hedge funds have recently made changes to their positions in the business. IAG Wealth Partners LLC raised its holdings in shares of ServiceNow by 200.0% in the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 18 shares in the last quarter. Bogart Wealth LLC raised its holdings in shares of ServiceNow by 93.8% in the third quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 15 shares in the last quarter. Wealth Watch Advisors INC bought a new stake in shares of ServiceNow in the third quarter valued at about $29,000. Texas Capital Bancshares Inc TX bought a new stake in shares of ServiceNow in the third quarter valued at about $37,000. Finally, Ameriflex Group Inc. raised its holdings in shares of ServiceNow by 187.5% in the third quarter. Ameriflex Group Inc. now owns 46 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 30 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors.

Insider Transactions at ServiceNow

In related news, insider Paul Fipps sold 3,696 shares of ServiceNow stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $101.77, for a total value of $376,141.92. Following the completion of the sale, the insider directly owned 8,061 shares in the company, valued at $820,367.97. The trade was a 31.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kevin Thomas Mcbride sold 1,400 shares of ServiceNow stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the sale, the insider owned 26,314 shares of the company’s stock, valued at $2,781,652.94. The trade was a 5.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 25,164 shares of company stock valued at $2,497,021. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NOW. FBN Securities cut their price objective on shares of ServiceNow from $160.00 to $120.00 in a report on Thursday, April 23rd. JPMorgan Chase & Co. dropped their price objective on shares of ServiceNow from $195.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $121.00 price objective on shares of ServiceNow in a research note on Tuesday, May 5th. Stifel Nicolaus dropped their price objective on shares of ServiceNow from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, HSBC dropped their price objective on shares of ServiceNow from $226.00 to $171.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $144.71.

Read Our Latest Report on NOW

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About ServiceNow

(Get 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.