Key Points
- Paul Fipps sold 3,696 ServiceNow shares on Feb. 23 at an average price of $101.77 (~$376,142), reducing his holding by 31.44% to 8,061 shares valued at roughly $820k.
- ServiceNow shares were up about 4% to $108.42 after the company beat Q results (EPS $0.92 vs. $0.89; revenue $3.57B, +20.7% YoY), but short interest has risen ~28% and the analyst average target sits near $192.06.
ServiceNow, Inc. (NYSE:NOW - Get Free Report) insider Paul Fipps sold 3,696 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The shares were 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 of the company's stock, valued at approximately $820,367.97. The trade was a 31.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Paul Fipps also recently made the following trade(s):
- On Wednesday, February 18th, Paul Fipps sold 9,641 shares of ServiceNow stock. The shares were sold at an average price of $105.93, for a total transaction of $1,021,271.13.
ServiceNow Stock Up 4.0%
Shares of NOW traded up $4.19 during mid-day trading on Thursday, hitting $108.42. 10,773,104 shares of the company's stock were exchanged, compared to its average volume of 19,659,779. The stock has a market cap of $113.41 billion, a price-to-earnings ratio of 65.09, a P/E/G ratio of 1.73 and a beta of 0.97. The firm has a fifty day moving average of $128.46 and a two-hundred day moving average of $160.23. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.12. ServiceNow, Inc. has a twelve month low of $98.00 and a twelve month high of $211.48.
ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The firm had revenue of $3.57 billion during the quarter, compared to analysts' expectations of $3.53 billion. During the same period in the prior year, the company posted $0.73 earnings per share. ServiceNow's revenue for the quarter was up 20.7% on a year-over-year basis. On average, sell-side analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kilter Group LLC acquired a new stake in shares of ServiceNow during the 2nd quarter valued at about $25,000. IAG Wealth Partners LLC grew its stake in shares of ServiceNow by 200.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 18 shares during the period. Noble Wealth Management PBC raised its holdings in shares of ServiceNow by 400.0% in the 4th quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider's stock worth $25,000 after buying an additional 128 shares in the last quarter. Millstone Evans Group LLC lifted its position in shares of ServiceNow by 400.0% during the 4th quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider's stock worth $25,000 after buying an additional 132 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its stake in ServiceNow by 540.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider's stock valued at $25,000 after buying an additional 135 shares in the last quarter. 87.18% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have commented on NOW. Arete Research set a $200.00 price target on ServiceNow in a report on Tuesday, January 6th. Evercore reiterated an "outperform" rating and issued a $175.00 target price (down from $225.00) on shares of ServiceNow in a report on Thursday, January 29th. Wells Fargo & Company set a $225.00 price target on ServiceNow and gave the company an "overweight" rating in a research report on Thursday, January 8th. Canaccord Genuity Group set a $200.00 target price on ServiceNow in a research note on Thursday, January 29th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $220.00 price target on shares of ServiceNow in a research report on Thursday, January 29th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $192.06.
Get Our Latest Analysis on NOW
More ServiceNow News
Here are the key news stories impacting ServiceNow this week:
- Positive Sentiment: Moveworks from ServiceNow achieved FedRAMP Moderate authorization, clearing a regulatory hurdle that enables broader federal and public‑sector deployments of its conversational AI assistant — a potential accelerator for government revenue. Moveworks FedRAMP announcement
- Positive Sentiment: ServiceNow says it resolves ~90% of its own IT requests autonomously — a demonstration of product maturity that can be marketed to customers as proof of ROI and reduce cost of sale. This supports the company’s AI/product monetization story. VentureBeat: 90% autonomously resolved
- Positive Sentiment: ServiceNow AVR is integrating with Contrast Security, strengthening its security and DevSecOps capabilities — an enterprise‑grade tie‑in that can deepen platform stickiness. AVR + Contrast Security integration
- Positive Sentiment: Company is expanding its AI/analytics stack (acquisitions and partnerships) and insiders including CEO have shown buying activity, signaling management confidence and reinforcing the long‑term AI positioning. Yahoo Finance: AI push, deals and insider buying
- Neutral Sentiment: EY + ServiceNow are promoting modernisation messaging (system of record → system of experience), which supports enterprise demand but is incremental rather than headline‑moving. DQIndia: EY & ServiceNow collaboration
- Neutral Sentiment: Third‑party startup Sweep announced cross‑system intelligence plans that will include ServiceNow integrations — supports ecosystem momentum but is not a direct company release. Sweep Multi‑Org Agent
- Negative Sentiment: Short interest rose ~28.3% in February to ~27.2M shares (≈2.6% of float), indicating growing bearish positioning that can amplify downward pressure or volatility. MarketBeat: short interest data
- Negative Sentiment: Insider Paul Fipps sold 3,696 shares (~$376k) on Feb 23, cutting his holding ~31% — an individual insider sale that investors may view negatively despite offsetting insider buys elsewhere. InsiderTrades: Paul Fipps sale
- Negative Sentiment: Persistent AI‑risk narrative (fears that AI could erode traditional software growth) continues to weigh on sentiment; media/analyst debate and mentions by commentators such as Jim Cramer highlight the ongoing uncertainty. InsiderMonkey: Jim Cramer commentary
ServiceNow Company Profile
(
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.
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