ServiceNow, Inc. (NYSE:NOW - Get Free Report) insider Jacqueline Canney sold 8,927 shares of the business's stock in a transaction on Friday, April 24th. The stock was sold at an average price of $89.60, for a total transaction of $799,859.20. Following the completion of the sale, the insider owned 29,531 shares in the company, valued at $2,645,977.60. This represents a 23.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
ServiceNow Trading Up 0.1%
Shares of NOW opened at $90.53 on Wednesday. The company's fifty day moving average is $104.21 and its 200 day moving average is $135.92. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $211.48. The stock has a market capitalization of $93.33 billion, a PE ratio of 53.95, a P/E/G ratio of 1.59 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84.
ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting analysts' consensus estimates of $0.97. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the business posted $0.81 earnings per share. The business's revenue was up 22.1% compared to the same quarter last year. Sell-side analysts expect that ServiceNow, Inc. will post 2.37 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ServiceNow
Several hedge funds have recently modified their holdings of the stock. Cohen Investment Advisors LLC increased its holdings in shares of ServiceNow by 2.9% during the first quarter. Cohen Investment Advisors LLC now owns 25,153 shares of the information technology services provider's stock valued at $2,630,000 after acquiring an additional 718 shares in the last quarter. Integrated Advisors Network LLC increased its holdings in shares of ServiceNow by 51.3% during the first quarter. Integrated Advisors Network LLC now owns 8,678 shares of the information technology services provider's stock valued at $907,000 after acquiring an additional 2,942 shares in the last quarter. Dumont & Blake Investment Advisors LLC acquired a new position in ServiceNow in the 1st quarter worth approximately $698,000. Canvas Wealth Advisors LLC increased its holdings in ServiceNow by 36.7% in the 1st quarter. Canvas Wealth Advisors LLC now owns 17,751 shares of the information technology services provider's stock worth $1,856,000 after buying an additional 4,762 shares during the period. Finally, Walser Wealth Management Company A Ltd Liability Co increased its holdings in ServiceNow by 291.3% in the 1st quarter. Walser Wealth Management Company A Ltd Liability Co now owns 7,297 shares of the information technology services provider's stock worth $763,000 after buying an additional 5,432 shares during the period. Institutional investors and hedge funds own 87.18% of the company's stock.
Key ServiceNow News
Here are the key news stories impacting ServiceNow this week:
- Positive Sentiment: ServiceNow is scaling real-world, agentic AI deployments (example: TridentCare) and announced deeper AI collaboration with Google Cloud across telecom, retail and ITSM — a sign of enterprise adoption that supports sustained subscription upsells and larger deals. ServiceNow AI Partnerships Test Workflow Stickiness As Shares Slide
- Positive Sentiment: Quarterly results showed solid subscription momentum (roughly 22% subscription growth) and management raised FY2026 outlook, driven by AI monetization and pricing shifts — evidence the business model is still expanding. NOW's AI-Driven Subscription Growth Accelerates
- Positive Sentiment: Several analysts and commentators view the post‑earnings sell-off as overdone and are calling NOW a buying opportunity (buy-the-dip / double-bottom theses), citing durable subscription economics and FCF that support M&A and buybacks. ServiceNow: Buy This Double Bottom
- Neutral Sentiment: ISG and ecosystem updates show consulting partners (Genpact, Zaelab) and U.S. firms are standardizing ServiceNow as a governed AI/workflow platform — positive for long-term adoption but incremental near-term revenue. U.S. Firms Boost ServiceNow’s Impact with AI, Transparency
- Neutral Sentiment: New partner integrations (Simplify Alpha in healthcare; European strategies focused on AI sovereignty) expand addressable market and regulatory fit but are execution‑dependent. Simplify Alpha Partners With ServiceNow
- Negative Sentiment: Shares have plunged year‑to‑date and reacted harshly after earnings despite the beat and raised guidance; valuation compression and investor rotation into pure-play AI winners are pressuring NOW. ServiceNow AI Partnerships Test Workflow Stickiness As Shares Slide
- Negative Sentiment: Insider selling disclosed: Jacqueline P. Canney sold ~8,927 shares at ~$89.60, which may add short-term sentiment pressure. Insider SEC Filing
Wall Street Analyst Weigh In
A number of research firms recently weighed in on NOW. BTIG Research reaffirmed a "buy" rating and issued a $185.00 price objective on shares of ServiceNow in a research note on Monday, April 20th. Citizens Jmp decreased their price target on shares of ServiceNow from $260.00 to $157.00 and set a "market outperform" rating for the company in a research report on Thursday, April 23rd. Wall Street Zen lowered shares of ServiceNow from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Capital One Financial decreased their price target on shares of ServiceNow from $158.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of ServiceNow from $180.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, ServiceNow currently has a consensus rating of "Moderate Buy" and an average price target of $146.65.
Check Out Our Latest Stock Analysis on NOW
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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