488,599 Shares in ServiceNow, Inc. $NOW Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in ServiceNow, Inc. (NYSE:NOW) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 488,599 shares of the information technology services provider’s stock, valued at approximately $65,477,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its holdings in ServiceNow by 1.0% in the 3rd quarter. ProShare Advisors LLC now owns 197,106 shares of the information technology services provider’s stock worth $26,414,000 after buying an additional 1,964 shares during the period. Vise Technologies Inc. lifted its position in shares of ServiceNow by 26.1% in the third quarter. Vise Technologies Inc. now owns 52,722 shares of the information technology services provider’s stock valued at $7,065,000 after acquiring an additional 10,898 shares in the last quarter. Investment Partners LTD. purchased a new position in shares of ServiceNow in the third quarter valued at about $268,000. Cidel Asset Management Inc. bought a new position in shares of ServiceNow in the third quarter worth about $7,641,000. Finally, Intrua Financial LLC bought a new position in shares of ServiceNow in the third quarter worth about $257,000. Institutional investors own 87.18% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul Fipps sold 2,034 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $147.87, for a total transaction of $300,767.58. Following the transaction, the insider owned 18,305 shares of the company’s stock, valued at approximately $2,706,760.35. The trade was a 10.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 7,847 shares of ServiceNow stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the transaction, the insider directly owned 30,042 shares of the company’s stock, valued at approximately $4,145,796. This represents a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,081 shares of company stock valued at $1,937,904 in the last three months. Corporate insiders own 0.34% of the company’s stock.

ServiceNow Stock Performance

NYSE:NOW opened at $105.12 on Monday. The company has a market cap of $109.11 billion, a price-to-earnings ratio of 75.63, a PEG ratio of 2.00 and a beta of 1.00. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $189.53. The stock’s 50 day simple moving average is $138.71 and its two-hundred day simple moving average is $115.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.72.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). ServiceNow had a net margin of 9.36% and a return on equity of 15.17%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the company posted $4.82 earnings per share. The firm’s revenue was up 20.5% compared to the same quarter last year. As a group, equities analysts anticipate that ServiceNow, Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NOW. Oppenheimer reissued an “outperform” rating and set a $165.00 target price on shares of ServiceNow in a research note on Thursday. Canaccord Genuity Group set a $145.00 price objective on shares of ServiceNow in a report on Thursday. Piper Sandler reiterated an “overweight” rating and set a $175.00 price objective on shares of ServiceNow in a research report on Thursday. Needham & Company LLC boosted their target price on shares of ServiceNow from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Finally, Jefferies Financial Group set a $145.00 target price on shares of ServiceNow in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $154.50.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow reported 20.5% year-over-year revenue growth, supported by subscription demand, and raised its 2026 artificial-intelligence contract target to $1.7 billion. Management and bullish analysts argue that AI adoption could accelerate growth in 2027. ServiceNow: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts continue to rate NOW Buy or Overweight despite reducing their price targets. JPMorgan, Piper Sandler, Wells Fargo and Oppenheimer still see substantial long-term upside, suggesting the sell-off may have been excessive. ServiceNow stock is on track for its largest drop on record
• Positive Sentiment: A new partnership with BDO Canada will help organizations govern AI and automate operations using ServiceNow’s platform, providing potential support for future enterprise demand. BDO Canada partners with ServiceNow
• Neutral Sentiment: ServiceNow’s CEO has defended the company’s valuation and long-term opportunity, while a reported $3 million insider stock purchase may signal management confidence. However, such commentary has not offset investor concerns about guidance. ServiceNow CEO makes striking unicorn claim
• Negative Sentiment: The primary catalyst for the sell-off was management’s forecast for slower fourth-quarter current remaining performance obligation growth—about 18.5%, below the approximately 21.5% revenue-growth outlook. Because cRPO represents contracted future revenue, investors viewed the gap as a warning that demand may be weakening. ServiceNow Guides to Slower Backlog Growth
• Negative Sentiment: Third-quarter adjusted earnings of $1.00 per share fell short of the $1.02 consensus estimate. The miss, combined with concerns that AI could disrupt traditional software pricing and demand, overshadowed the revenue beat and higher AI target. ServiceNow shares plunge after earnings
• Negative Sentiment: Investors are also monitoring ServiceNow’s roughly $7.5 billion debt load and rising interest costs, while a shareholder investigation into potential securities-law violations adds reputational and legal uncertainty. ServiceNow’s Debt and Interest Costs Jump

ServiceNow Profile

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.