Rep. Bruce Westerman Sells Off Shares of ServiceNow, Inc. (NYSE:NOW)

Posted by Tammy Falkenburg on May 15th, 2025

Representative Bruce Westerman (R-Arkansas) recently sold shares of ServiceNow, Inc. (NYSE:NOW). In a filing disclosed on May 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in ServiceNow stock on April 21st. The trade occurred in the Representative’s “FISHER IRA” account.

Representative Bruce Westerman also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of UniCredit (OTCMKTS:UNCRY) on 4/21/2025.
Sold $1,001 – $15,000 in shares of CSX (NASDAQ:CSX) on 4/21/2025.
Sold $1,001 – $15,000 in shares of Siemens Aktiengesellschaft (OTCMKTS:SIEGY) on 4/21/2025.
Sold $1,001 – $15,000 in shares of GSK (NYSE:GSK) on 4/21/2025.
Sold $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 4/21/2025.
Sold $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 4/21/2025.
Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 4/21/2025.
Sold $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 4/21/2025.
Sold $15,001 – $50,000 in shares of NVIDIA (NASDAQ:NVDA) on 4/21/2025.
Sold $1,001 – $15,000 in shares of Chevron (NYSE:CVX) on 4/21/2025.

ServiceNow Stock Performance

Shares of NOW opened at $1,029.76 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $213.16 billion, a price-to-earnings ratio of 150.77, a PEG ratio of 4.51 and a beta of 0.97. The company’s 50 day simple moving average is $853.85 and its 200 day simple moving average is $971.90. ServiceNow, Inc. has a 1 year low of $637.99 and a 1 year high of $1,198.09.

ServiceNow (NYSE:NOW – Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.78 by $0.26. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm posted $3.41 EPS. ServiceNow’s revenue was up 18.6% on a year-over-year basis. On average, sell-side analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current year.

ServiceNow declared that its board has authorized a share repurchase plan on Wednesday, January 29th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the information technology services provider to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NOW has been the topic of a number of research analyst reports. Jefferies Financial Group decreased their price target on ServiceNow from $1,250.00 to $1,025.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,048.00 target price on shares of ServiceNow in a research report on Thursday, April 24th. Truist Financial raised shares of ServiceNow from a “hold” rating to a “buy” rating and upped their price target for the stock from $950.00 to $1,200.00 in a research report on Thursday, May 1st. Erste Group Bank upgraded shares of ServiceNow from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 30th. Finally, Raymond James dropped their price objective on ServiceNow from $1,200.00 to $1,000.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,062.50.

Get Our Latest Report on ServiceNow

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NOW. Union Bancaire Privee UBP SA acquired a new stake in shares of ServiceNow during the fourth quarter worth approximately $48,802,000. Janus Henderson Group PLC boosted its stake in ServiceNow by 1.5% during the 4th quarter. Janus Henderson Group PLC now owns 824,725 shares of the information technology services provider’s stock valued at $874,258,000 after acquiring an additional 12,533 shares during the last quarter. Dock Street Asset Management Inc. grew its holdings in ServiceNow by 3.4% during the 4th quarter. Dock Street Asset Management Inc. now owns 33,154 shares of the information technology services provider’s stock worth $35,147,000 after acquiring an additional 1,105 shares in the last quarter. Cardano Risk Management B.V. bought a new stake in shares of ServiceNow in the 4th quarter worth about $105,090,000. Finally, Rheos Capital Works Inc. bought a new stake in shares of ServiceNow in the 4th quarter worth about $10,071,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Activity

In other ServiceNow news, CEO William R. Mcdermott sold 384 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $986.64, for a total transaction of $378,869.76. Following the sale, the chief executive officer now directly owns 6,614 shares of the company’s stock, valued at approximately $6,525,636.96. This represents a 5.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Russell S. Elmer sold 1,023 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $988.00, for a total transaction of $1,010,724.00. Following the sale, the general counsel now owns 4,332 shares in the company, valued at approximately $4,280,016. This trade represents a 19.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,056 shares of company stock worth $14,421,814. 0.38% of the stock is currently owned by corporate insiders.

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas’ 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas’ 4th Congressional District. He declared candidacy for the 2026 election.

Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

About ServiceNow

(Get Free Report)

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.