Insider Selling: ServiceNow (NYSE:NOW) Insider Sells $1,082,886.00 in Stock

ServiceNow, Inc. (NYSE:NOW) insider Jacqueline Canney sold 7,847 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $138.00, for a total value of $1,082,886.00. Following the sale, the insider owned 30,042 shares in the company, valued at $4,145,796. The trade was a 20.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ServiceNow Price Performance

Shares of NOW traded down $5.30 during midday trading on Tuesday, reaching $142.69. The stock had a trading volume of 16,885,790 shares, compared to its average volume of 23,446,734. 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 company has a market capitalization of $147.54 billion, a price-to-earnings ratio of 89.18, a price-to-earnings-growth ratio of 2.55 and a beta of 0.94. The company’s 50-day moving average is $113.43 and its 200 day moving average is $106.91. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $194.73.

ServiceNow (NYSE:NOW) last released 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 company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.ServiceNow’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. On average, equities analysts predict that ServiceNow, Inc. will post 2.24 EPS for the current fiscal year.

Institutional Trading of ServiceNow

Large investors have recently added to or reduced their stakes in the stock. Cornerstone Financial Management LLC grew its holdings in 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 purchasing an additional 107 shares during the period. Brown Financial Advisors boosted its position in shares of ServiceNow by 18.0% in the 2nd quarter. Brown Financial Advisors now owns 11,937 shares of the information technology services provider’s stock worth $1,185,000 after purchasing an additional 1,821 shares in the last quarter. Advus Financial Partners LLC grew its stake in shares of ServiceNow by 71.7% in the 2nd quarter. Advus Financial Partners LLC now owns 3,763 shares of the information technology services provider’s stock worth $374,000 after buying an additional 1,572 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of ServiceNow in the 2nd quarter worth approximately $28,275,000. Finally, California State Teachers Retirement System increased its position in 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 buying an additional 152,963,494 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow’s AI opportunity remains a key bullish catalyst. Reports indicate that AI-related contracts have surpassed $1 billion, reinforcing the view that generative AI is increasing demand for enterprise automation rather than undermining the company’s core software business. Its latest quarterly results also exceeded expectations, with revenue up 24% year over year. ServiceNow AI revenue report
• Positive Sentiment: Analysts remain moderately optimistic even though ServiceNow has underperformed many software-application peers over the past year. The company continues to receive predominantly Buy and Outperform ratings, supported by its enterprise customer base, recurring revenue model and AI-automation potential. ServiceNow performance versus software peers
• Neutral Sentiment: Comparisons with Fujitsu, Salesforce and UiPath highlight ServiceNow’s strong position in enterprise workflow automation, but also underscore competitive risks. Long-term gains will depend on execution, AI monetization and the economics of agentic software consumption. ServiceNow stock comparison
• Negative Sentiment: Geopolitical tensions and overall market weakness have pressured software stocks, creating a trading headwind for NOW independent of its company-specific fundamentals. ServiceNow market pressure
• Negative Sentiment: Director Paul Edward Chamberlain sold 2,700 shares for approximately $365,850, reducing his position by 5.78%. Although he retains a substantial stake, the transaction may add modest sentiment pressure. ServiceNow insider sale filing
• Negative Sentiment: Valuation remains demanding, with the stock trading at roughly 89 times earnings and above the average analyst price target cited in recent coverage. That premium makes NOW vulnerable to profit-taking and concerns about future growth expectations, even as analysts continue to favor the shares.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NOW shares. TD Cowen reaffirmed a “buy” rating and set a $140.00 target price on shares of ServiceNow in a report on Monday, August 17th. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 price objective on shares of ServiceNow in a report on Thursday, July 23rd. BTIG Research reaffirmed a “buy” rating and issued a $150.00 target price on shares of ServiceNow in a research note on Wednesday, July 22nd. Oppenheimer reissued an “outperform” rating and issued a $140.00 price target (up from $130.00) on shares of ServiceNow in a report on Wednesday, July 15th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $140.00 price objective (up from $135.00) on shares of ServiceNow in a research report on Thursday, July 23rd. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.24.

About ServiceNow

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.