ServiceNow, Inc. $NOW Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 27.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 269,379 shares of the information technology services provider’s stock after purchasing an additional 57,423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.13% of ServiceNow worth $250,196,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kilter Group LLC purchased a new position in ServiceNow during the 2nd quarter valued at about $25,000. IAG Wealth Partners LLC increased its stake in ServiceNow by 200.0% during the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 18 shares during the period. Bogart Wealth LLC increased its stake in ServiceNow by 93.8% during the third quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 15 shares during the period. Wealth Watch Advisors INC acquired a new stake in shares of ServiceNow during the third quarter worth about $29,000. Finally, Total Investment Management Inc. purchased a new position in shares of ServiceNow in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analyst Ratings Changes

NOW has been the subject of a number of research reports. Wells Fargo & Company set a $225.00 price objective on shares of ServiceNow and gave the company an “overweight” rating in a report on Thursday, January 8th. Arete Research set a $200.00 price target on shares of ServiceNow in a research report on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of ServiceNow in a research note on Thursday, January 22nd. UBS Group set a $115.00 price objective on ServiceNow in a research report on Thursday, January 29th. Finally, Guggenheim upgraded ServiceNow from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 16th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and an average target price of $192.61.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul Fipps sold 3,696 shares of ServiceNow stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $101.77, for a total transaction of $376,141.92. Following the completion of the sale, the insider directly owned 8,061 shares of the company’s stock, valued at $820,367.97. The trade was a 31.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin Thomas Mcbride sold 1,400 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $105.71, for a total value of $147,994.00. Following the transaction, the insider directly owned 26,314 shares of the company’s stock, valued at approximately $2,781,652.94. This represents a 5.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,237 shares of company stock worth $1,697,162 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

ServiceNow Trading Up 1.2%

Shares of NYSE:NOW opened at $114.98 on Tuesday. ServiceNow, Inc. has a 52 week low of $98.00 and a 52 week high of $211.48. The company’s 50 day moving average is $118.60 and its two-hundred day moving average is $154.58. The company has a market cap of $120.27 billion, a PE ratio of 68.94, a P/E/G ratio of 1.92 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.53 billion. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. Equities analysts predict that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: BNP Paribas upgraded NOW from “neutral” to “outperform” and set a $140 price target, giving the shares clear upside potential vs. current levels. ServiceNow (NOW) Stock Gets Bullish Upgrade From BNP Paribas
• Positive Sentiment: An analyst raised a price target (reported by The Motley Fool), helping lift sentiment and signaling some sell-side conviction that the recent pullback is overdone. Why ServiceNow Stock Edged Past the Market Today
• Positive Sentiment: Carahsoft expanded its reseller agreement to distribute the ServiceNow AI Platform across its 10,000+ reseller ecosystem in the U.S. and Canada, opening new commercial and public-sector channels. This broadens go-to-market reach into healthcare, financial services and critical infrastructure. Carahsoft and ServiceNow Expand Partnership
• Positive Sentiment: New partnerships (Cohesity, Aiva Health) integrate ServiceNow’s AI Control Tower into data resilience and front-line healthcare workflows, strengthening product stickiness in mission‑critical use cases. ServiceNow AI Expansion Tests Investor Views
• Neutral Sentiment: Short-term market performance notes: coverage pieces (Zacks) and commentary show NOW outperformed the market today but remains well below its 52‑week high after a YTD selloff — context for why upgrades have outsized impact. ServiceNow (NOW) Surpasses Market Returns
• Negative Sentiment: CEO Bill McDermott warned AI could materially displace entry‑level jobs (he predicted grad unemployment could exceed 30%), comments that feed headline risk and investor worry about AI’s disruptive impact on legacy SaaS revenue models. ServiceNow CEO says graduate unemployment could reach 30%

ServiceNow Profile

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.