21,277 ServiceNow, Inc. $NOW Shares Sold by Capstone Capital Management Ltd

Capstone Capital Management Ltd reduced its stake in ServiceNow, Inc. (NYSE:NOW) by 65.3% in the 3rd quarter, Holdings Channel reports. The firm owned 11,327 shares of the information technology services provider’s stock after selling 21,277 shares during the quarter. Capstone Capital Management Ltd’s holdings in ServiceNow were worth $1,518,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NOW. Bank of Nova Scotia raised its holdings in ServiceNow by 53.3% during the 1st quarter. Bank of Nova Scotia now owns 1,018,036 shares of the information technology services provider’s stock worth $106,436,000 after buying an additional 353,749 shares during the period. Sapient Capital LLC lifted its stake in ServiceNow by 266.0% in the 2nd quarter. Sapient Capital LLC now owns 77,661 shares of the information technology services provider’s stock worth $7,710,000 after acquiring an additional 56,444 shares in the last quarter. Meeder Advisory Services Inc. acquired a new stake in ServiceNow during the 2nd quarter worth about $2,881,000. Vestor Capital LLC increased its holdings in shares of ServiceNow by 38,987.2% in the 1st quarter. Vestor Capital LLC now owns 122,343 shares of the information technology services provider’s stock valued at $12,791,000 after purchasing an additional 122,030 shares during the period. Finally, Cardano Risk Management B.V. increased its stake in ServiceNow by 6.9% in the 2nd quarter. Cardano Risk Management B.V. now owns 484,785 shares of the information technology services provider’s stock valued at $48,129,000 after buying an additional 31,119 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: An analyst upgrade recently lifted sentiment, with ServiceNow also named a new top pick by BMO Capital Markets. Other firms raised price targets, including Bernstein’s Street-high $266 target, citing expected AI adoption, federal-agency demand and customer upgrades. ServiceNow Stock Price Up After Analyst Upgrade
• Positive Sentiment: Investors are encouraged by ServiceNow’s transition from seat-based software pricing toward usage-based AI “Assists.” Its workflow platform, zero-code agent tools and planned AI Passport governance capabilities could expand revenue per customer and strengthen its competitive position as companies deploy AI across enterprise operations. ServiceNow Shift From Seats to Assists
• Positive Sentiment: ServiceNow’s prior quarter showed strong fundamentals: revenue rose 24% year over year to approximately $3.99 billion and exceeded consensus estimates. A new partnership with Simplify Alpha could add payer-specific healthcare solutions and broaden AI workflow adoption. Simplify Alpha Partnership
• Neutral Sentiment: Technical analysts see a potential breakout above roughly $154, with a bullish chart setup that could extend the recovery. However, earnings expectations remain the key catalyst, with analysts reportedly anticipating a single-digit earnings decline in the third quarter. ServiceNow Price Forecast
• Negative Sentiment: Zacks Research downgraded NOW from “hold” to “strong sell,” adding pressure ahead of results. The stock’s roughly 94 P/E ratio leaves limited room for an earnings or guidance miss, while rising short interest and recent insider selling are additional cautionary signals.
• Negative Sentiment: ServiceNow has cut San Diego sales jobs in its third round of layoffs this year. While the reductions could improve efficiency, they may also signal slower sales execution or tighter spending priorities.

ServiceNow Stock Performance

Shares of ServiceNow stock opened at $149.70 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $136.01 and a 200 day simple moving average of $114.34. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $192.97. The firm has a market cap of $154.79 billion, a P/E ratio of 93.56, a P/E/G ratio of 2.67 and a beta of 0.99.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.04. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. Sell-side analysts predict that ServiceNow, Inc. will post 2.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul 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 in the company, valued at approximately $5,960,645. The trade was a 5.78% 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 link. Also, insider Jacqueline Canney sold 7,847 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the completion of the sale, the insider owned 30,042 shares of the company’s stock, valued at approximately $4,145,796. This represents a 20.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 14,081 shares of company stock worth $1,937,904. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

NOW has been the topic of several recent research reports. KeyCorp reaffirmed an “underweight” rating on shares of ServiceNow in a research report on Tuesday, July 21st. Barclays reaffirmed an “overweight” rating and issued a $160.00 price target (up from $134.00) on shares of ServiceNow in a research report on Tuesday, October 13th. Robert W. Baird upped their price target on ServiceNow from $118.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Citigroup reiterated a “buy” rating and issued a $170.00 target price (up from $154.00) on shares of ServiceNow in a research note on Wednesday, October 14th. Finally, Argus boosted their price objective on ServiceNow from $134.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.71.

About ServiceNow

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.