ServiceNow, Inc. $NOW Stock Sold by Simplify Asset Management Inc.

Simplify Asset Management Inc. lowered its position in shares of ServiceNow, Inc. (NYSE:NOW) by 68.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,762 shares of the information technology services provider’s stock after selling 3,809 shares during the quarter. Simplify Asset Management Inc.’s holdings in ServiceNow were worth $236,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in shares of ServiceNow in the third quarter worth $60,000. Generali Asset Management SPA SGR lifted its position in ServiceNow by 6.7% during the third quarter. Generali Asset Management SPA SGR now owns 92,253 shares of the information technology services provider’s stock valued at $12,363,000 after purchasing an additional 5,832 shares during the period. Jacobsen Capital Management acquired a new position in ServiceNow during the third quarter valued at $273,000. Asset Management One Co. Ltd. boosted its holdings in ServiceNow by 9.2% in the third quarter. Asset Management One Co. Ltd. now owns 563,678 shares of the information technology services provider’s stock valued at $75,538,000 after purchasing an additional 47,540 shares during the last quarter. Finally, Latitude Advisors LLC purchased a new stake in ServiceNow in the third quarter valued at $60,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

ServiceNow Price Performance

Shares of ServiceNow stock opened at $149.55 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $192.97. The business has a 50-day moving average price of $139.55 and a 200 day moving average price of $115.79. The firm has a market cap of $154.63 billion, a PE ratio of 93.47, a P/E/G ratio of 2.92 and a beta of 0.99.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.09 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.82 EPS. Sell-side analysts predict that ServiceNow, Inc. will post 2.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NOW shares. BMO Capital Markets increased their price target on ServiceNow from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Piper Sandler boosted their price objective on ServiceNow from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, October 16th. Sanford C. Bernstein restated an “outperform” rating and issued a $266.00 target price on shares of ServiceNow in a research note on Tuesday, October 20th. Cantor Fitzgerald raised their target price on ServiceNow from $174.00 to $201.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ServiceNow in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, two have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and an average price target of $155.74.

Insider Activity

In other news, Director Paul Chamberlain sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $135.50, for a total transaction of $365,850.00. Following the transaction, the director owned 43,990 shares in the company, valued at $5,960,645. This trade represents a 5.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Fipps sold 2,034 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $147.87, for a total value of $300,767.58. Following the transaction, the insider owned 18,305 shares in the company, valued at $2,706,760.35. This trade represents a 10.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 14,081 shares of company stock worth $1,937,904 over the last three months. 0.34% of the stock is currently owned by corporate insiders.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow reported third-quarter revenue of $4.11 billion, up 20.5% year over year and above the $4.09 billion analyst estimate. Subscription revenue reached $3.988 billion, representing 21% growth. ServiceNow Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management highlighted continued momentum in enterprise AI, including an expanded partnership with OpenAI to connect AI reasoning with governed business workflows and cybersecurity applications. ServiceNow and OpenAI partnership
• Positive Sentiment: HPE selected ServiceNow for a five-year agreement to support its Cloud & AI business, while ServiceNow also launched a Control Tower Alliance with major technology and security partners. These developments could support longer-term AI adoption and recurring revenue. HPE selects ServiceNow
• Neutral Sentiment: ServiceNow’s AI growth outlook remains a key long-term strength, but investors are scrutinizing whether accelerating AI bookings and multi-million-dollar deals can justify the company’s elevated valuation and sustain its recent share-price gains. ServiceNow AI outlook
• Negative Sentiment: Adjusted earnings were $1.00 per share, below the $1.02 consensus estimate and only modestly above $0.96 a year earlier. Acquisition-related costs ended a six-quarter streak of earnings beats, raising concerns about near-term profitability. ServiceNow Q3 earnings miss
• Negative Sentiment: The company’s fourth-quarter revenue outlook came in below Wall Street expectations. That guidance disappointed investors despite the revenue beat and helped drive the sharp decline in ServiceNow shares following the report. ServiceNow weak Q4 outlook

ServiceNow Company 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.