ServiceNow, Inc. (NYSE:NOW - Get Free Report) Director Paul Edward Chamberlain sold 2,700 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $135.50, for a total transaction of $365,850.00. Following the completion of the transaction, the director owned 43,990 shares of the company's stock, valued at $5,960,645. The trade was a 5.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Paul Edward Chamberlain also recently made the following trade(s):
- On Thursday, August 13th, Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock. The stock was sold at an average price of $125.60, for a total transaction of $188,400.00.
ServiceNow Stock Performance
Shares of NYSE:NOW opened at $148.43 on Tuesday. The company's 50 day simple moving average is $113.43 and its 200 day simple moving average is $106.91. The stock has a market capitalization of $153.48 billion, a price-to-earnings ratio of 92.77, a price-to-earnings-growth ratio of 2.55 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $194.73.
ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.86 by $0.04. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The company's revenue was up 24.0% on a year-over-year basis. As a group, research analysts predict that ServiceNow, Inc. will post 2.24 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on NOW shares. Citizens Jmp restated a "market outperform" rating and set a $157.00 price objective on shares of ServiceNow in a research report on Tuesday, May 5th. Oppenheimer reiterated an "outperform" rating and issued a $140.00 target price (up from $130.00) on shares of ServiceNow in a research report on Wednesday, July 15th. Guggenheim raised ServiceNow from a "neutral" rating to a "buy" rating and set a $125.00 target price for the company in a research note on Wednesday, July 1st. KeyCorp reissued an "underweight" rating on shares of ServiceNow in a report on Tuesday, July 21st. Finally, Citigroup reissued a "market outperform" rating on shares of ServiceNow in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $144.24.
Get Our Latest Analysis on NOW
Institutional Investors Weigh In On ServiceNow
Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its position in ServiceNow by 9,980.9% in the second 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 purchasing an additional 152,963,494 shares during the last quarter. BlackRock Inc. bought a new stake in shares of ServiceNow during the second quarter worth about $9,536,615,000. State Street Corp grew its holdings in shares of ServiceNow by 406.6% during the fourth quarter. State Street Corp now owns 47,896,597 shares of the information technology services provider's stock worth $7,337,280,000 after purchasing an additional 38,441,898 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of ServiceNow by 371.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,395,663 shares of the information technology services provider's stock valued at $4,962,692,000 after buying an additional 25,517,218 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of ServiceNow by 404.8% in the fourth 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 buying an additional 18,854,775 shares during the period. Institutional investors and hedge funds own 87.18% of the company's stock.
Trending Headlines about ServiceNow
Here are the key news stories impacting ServiceNow this week:
- Positive Sentiment: Investor enthusiasm is being supported by reports that ServiceNow’s AI-related contracts have surpassed $1 billion, while its latest quarterly results exceeded expectations: adjusted EPS was $0.90 versus a $0.86 consensus estimate, revenue reached $3.99 billion versus $3.93 billion expected, and revenue increased 24% year over year. ServiceNow Stock Surges Nearly 5% as AI Revenue Reaches $1 Billion Benchmark
- Positive Sentiment: ServiceNow is benefiting from a broader rebound in software stocks. Recent earnings from ServiceNow and other major software companies are easing fears that generative AI will erode demand for traditional enterprise applications, instead suggesting that AI is expanding automation spending. The SaaSpocalypse Trade Is Cracking
- Positive Sentiment: A technical trading signal appeared near $144.84, followed by a move toward an intraday high, adding short-term momentum to the stock. ServiceNow Stock Up Nearly 3% After Key Trading Signal
- Neutral Sentiment: Articles comparing ServiceNow with Salesforce and UiPath highlight its strong enterprise position and AI-automation opportunity, but also frame the sector as a competitive contest in which execution and the economics of “agentic” AI consumption will determine the long-term winner. ServiceNow Vs. Salesforce
- Negative Sentiment: Broader market pressure tied to escalating geopolitical tensions weighed on software shares during the session, creating a headwind despite ServiceNow-specific AI optimism. ServiceNow Stock Slips Monday
- Negative Sentiment: Director Paul Edward Chamberlain sold 2,700 shares for approximately $365,850, reducing his holdings by 5.78%. The remaining stake is substantial, but the insider sale may add limited selling pressure. SEC Insider Trading Filing
About ServiceNow
(
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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