ServiceNow (NYSE:NOW) Stock Price Up 1.5% – What’s Next?

ServiceNow, Inc. (NYSE:NOW) traded up 1.5% during trading on Monday . The company traded as high as $110.64 and last traded at $107.93. Approximately 16,165,716 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 24,091,781 shares. The stock had previously closed at $106.32.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow is benefiting from renewed interest in beaten-down software names as investors rotate out of high-flying semiconductors and back into enterprise software. ServiceNow (NOW) Stock Is Up, What You Need To Know
• Positive Sentiment: Guggenheim upgraded ServiceNow and dismissed the “software extinction” thesis, which supports the view that the company’s AI products and platform momentum can continue to drive earnings growth. This analyst upgraded Salesforce & ServiceNow, but not because they’ll be AI winners
• Positive Sentiment: ServiceNow also gained attention for new AI-related government and defense partnerships, including work tied to biosurveillance and public-sector modernization, which could expand its addressable market beyond standard workflow automation. ServiceNow (NOW) Lands Defense And State AI Partnerships That Reach Beyond Workflows
• Neutral Sentiment: Several articles this morning focused on valuation and investor interest, including a Zacks comparison with EPAM and commentary on whether NOW deserves a premium multiple. These pieces can keep the stock in focus but do not point to a clear near-term catalyst. EPAM or NOW: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: ServiceNow remains a frequently watched stock, and CNBC mentions plus “most searched” coverage suggest sustained investor attention, but these headlines are more about sentiment than fundamentals. ServiceNow, Inc. (NOW) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Broader software stocks were pressured by rising Middle East tensions, and that risk-off move likely weighed on ServiceNow along with peers such as Salesforce and Palantir. Palantir Leads Software Stocks Lower

Analyst Ratings Changes

NOW has been the subject of a number of analyst reports. Oppenheimer restated an “outperform” rating on shares of ServiceNow in a research report on Tuesday, May 26th. Truist Financial reduced their target price on ServiceNow from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Bank of America started coverage on shares of ServiceNow in a research report on Monday, May 18th. They set a “buy” rating and a $130.00 target price for the company. Citic Securities dropped their price target on shares of ServiceNow from $168.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, KeyCorp set a $85.00 price target on shares of ServiceNow and gave the stock an “underweight” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $141.68.

ServiceNow Stock Down 2.6%

The company has a market cap of $111.22 billion, a price-to-earnings ratio of 64.29, a P/E/G ratio of 1.80 and a beta of 0.96. The stock’s 50-day moving average is $101.40 and its 200-day moving average is $111.94. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting the consensus estimate of $0.97. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. On average, analysts anticipate that ServiceNow, Inc. will post 2.34 earnings per share for the current fiscal year.

Insider Transactions at ServiceNow

In related news, Director Paul Edward Chamberlain sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $87.23, for a total transaction of $130,845.00. Following the transaction, the director directly owned 44,930 shares of the company’s stock, valued at approximately $3,919,243.90. This represents a 3.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anita M. Sands sold 16,445 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $90.14, for a total value of $1,482,352.30. Following the completion of the transaction, the director owned 30,090 shares in the company, valued at approximately $2,712,312.60. The trade was a 35.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 28,071 shares of company stock valued at $2,529,956. 0.34% of the stock is currently owned by corporate insiders.

Institutional Trading of ServiceNow

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of ServiceNow by 404.5% during the fourth quarter. Vanguard Group Inc. now owns 101,963,384 shares of the information technology services provider’s stock valued at $15,619,771,000 after buying an additional 81,752,460 shares during the last quarter. State Street Corp raised its holdings in shares of ServiceNow by 406.6% in the 4th quarter. State Street Corp now owns 47,896,597 shares of the information technology services provider’s stock worth $7,337,280,000 after acquiring an additional 38,441,898 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of ServiceNow by 371.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,395,663 shares of the information technology services provider’s stock worth $4,962,692,000 after acquiring an additional 25,517,218 shares during the last quarter. Geode Capital Management LLC lifted its position in ServiceNow by 404.8% in the 4th quarter. Geode Capital Management LLC now owns 23,512,428 shares of the information technology services provider’s stock valued at $3,591,425,000 after acquiring an additional 18,854,775 shares in the last quarter. Finally, Morgan Stanley lifted its position in ServiceNow by 335.6% in the 4th quarter. Morgan Stanley now owns 22,733,483 shares of the information technology services provider’s stock valued at $3,482,543,000 after acquiring an additional 17,514,679 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

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.