Sen. Markwayne Mullin Purchases Shares of ServiceNow, Inc. (NYSE:NOW)

Posted by Dante Gardener on Jan 19th, 2026

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of ServiceNow, Inc. (NYSE:NOW). In a filing disclosed on January 16th, the Senator disclosed that they had bought between $15,001 and $50,000 in ServiceNow stock on December 29th.

Senator Markwayne Mullin also recently made the following trade(s):

Purchased $15,001 – $50,000 in shares of Deere & Company (NYSE:DE) on 12/29/2025.
Purchased $15,001 – $50,000 in shares of Hilton Worldwide (NYSE:HLT) on 12/29/2025.
Purchased $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 12/29/2025.
Purchased $15,001 – $50,000 in shares of CocaCola (NYSE:KO) on 12/29/2025.
Purchased $15,001 – $50,000 in shares of Elevance Health (NYSE:ELV) on 12/29/2025.
Purchased $1,001 – $15,000 in shares of American Express (NYSE:AXP) on 12/29/2025.
Purchased $100,001 – $250,000 in shares of Amazon.com (NASDAQ:AMZN) on 12/29/2025.
Purchased $50,001 – $100,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 12/29/2025.
Purchased $15,001 – $50,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/29/2025.
Purchased $15,001 – $50,000 in shares of Boston Scientific (NYSE:BSX) on 12/29/2025.

ServiceNow Trading Down 2.9%

Shares of NYSE:NOW opened at $127.34 on Monday. The firm has a market cap of $132.23 billion, a price-to-earnings ratio of 76.99, a PEG ratio of 2.19 and a beta of 0.98. ServiceNow, Inc. has a 12 month low of $126.85 and a 12 month high of $239.62. The company’s fifty day simple moving average is $157.85 and its 200 day simple moving average is $175.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NOW. Barclays lifted their price target on ServiceNow from $242.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Macquarie reissued a “neutral” rating and issued a $172.00 target price on shares of ServiceNow in a research report on Thursday, January 8th. Citigroup reaffirmed a “buy” rating on shares of ServiceNow in a research report on Monday, January 12th. JPMorgan Chase & Co. lifted their price target on shares of ServiceNow from $204.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, KeyCorp reaffirmed an “underweight” rating on shares of ServiceNow in a research report on Friday, January 9th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and an average target price of $214.40.

Check Out Our Latest Analysis on NOW

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

Positive Sentiment: Analysts and commentators highlight ServiceNow’s AI-led workflow platform as a growth driver if enterprise AI adoption continues, supporting longer‑term upside. 1 Stock-Split Stock to Buy That Could Soar
Positive Sentiment: ServiceNow completed a 5-for-1 stock split in December, boosting retail accessibility and liquidity — a structural tailwind for demand. 1 Stock-Split Stock to Buy That Could Soar
Positive Sentiment: Piper Sandler named NOW among its top software picks for 2026, signaling meaningful upside expectations from a major sell‑side shop. Here’s Why ServiceNow (NOW) Was Among Piper Sandler’s Top Picks For 2026
Positive Sentiment: Large institutional buys reported in recent quarters (e.g., Nordea, UBS additions) suggest conviction from some asset managers and provide a supportive ownership base. ServiceNow Stock (NOW) Opinions on Recent Price Drop
Neutral Sentiment: Coverage comparing enterprise AI/workflow vendors highlights ServiceNow’s exposure to the AI automation market but notes competitive differences across players — useful context but not an immediate catalyst. Who is Winning AI Workflow Automation? We Compared 4 Enterprise Stocks.
Neutral Sentiment: An integration with a smaller identity vendor (AuthID) briefly lifted that partner’s shares; partner integrations can incrementally expand use cases but are not a major standalone driver for NOW. AuthID Shares Cool Off After ServiceNow Integration
Negative Sentiment: Analyst moves and price‑target cuts (including a recent downgrade that pushed the stock to a 52‑week low) are pressuring the share price and catalyzing selling. ServiceNow (NYSE:NOW) Sets New 52-Week Low on Analyst Downgrade
Negative Sentiment: Extensive insider selling over recent months (many executive sales, few purchases) raises short‑term governance/optics concerns for some investors. ServiceNow Stock (NOW) Opinions on Recent Price Drop
Negative Sentiment: Social media and chatter about the recent dip amplify volatility — some see a buying opportunity, but short‑term momentum favors sellers. ServiceNow Stock (NOW) Opinions on Recent Price Drop

Institutional Trading of ServiceNow

Several hedge funds have recently added to or reduced their stakes in the company. Clarus Group Inc. boosted its stake in ServiceNow by 368.1% in the 4th quarter. Clarus Group Inc. now owns 2,790 shares of the information technology services provider’s stock valued at $427,000 after purchasing an additional 2,194 shares during the period. Marino Stram & Associates LLC boosted its position in shares of ServiceNow by 383.9% in the fourth quarter. Marino Stram & Associates LLC now owns 1,800 shares of the information technology services provider’s stock valued at $276,000 after acquiring an additional 1,428 shares during the period. Sharp Wealth Advisory LLC boosted its position in shares of ServiceNow by 400.0% in the fourth quarter. Sharp Wealth Advisory LLC now owns 1,810 shares of the information technology services provider’s stock valued at $277,000 after acquiring an additional 1,448 shares during the period. Perigon Wealth Management LLC grew its stake in shares of ServiceNow by 447.6% in the fourth quarter. Perigon Wealth Management LLC now owns 36,595 shares of the information technology services provider’s stock valued at $5,606,000 after acquiring an additional 29,912 shares in the last quarter. Finally, Balboa Wealth Partners increased its position in ServiceNow by 381.5% during the fourth quarter. Balboa Wealth Partners now owns 5,345 shares of the information technology services provider’s stock worth $819,000 after acquiring an additional 4,235 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ServiceNow

In other news, Director Paul Edward Chamberlain sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $161.60, for a total transaction of $242,400.00. Following the transaction, the director directly owned 47,930 shares of the company’s stock, valued at approximately $7,745,488. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jacqueline P. Canney sold 470 shares of ServiceNow stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $165.42, for a total transaction of $77,745.52. Following the completion of the sale, the insider owned 15,135 shares of the company’s stock, valued at approximately $2,503,571.16. The trade was a 3.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 15,310 shares of company stock worth $2,533,585. Company insiders own 0.34% of the company’s stock.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

ServiceNow Company Profile

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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.