Two Sigma Securities LLC Has $667,000 Position in ServiceNow, Inc. $NOW

Two Sigma Securities LLC cut its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 74.7% during the second quarter, HoldingsChannel.com reports. The firm owned 6,717 shares of the information technology services provider’s stock after selling 19,788 shares during the period. Two Sigma Securities LLC’s holdings in ServiceNow were worth $667,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GTS Securities LLC lifted its position in ServiceNow by 90.2% in the 2nd quarter. GTS Securities LLC now owns 45,553 shares of the information technology services provider’s stock worth $4,523,000 after buying an additional 21,607 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of ServiceNow during the 2nd quarter valued at $141,966,000. Jasper Ridge Partners L.P. grew its holdings in shares of ServiceNow by 201.5% during the 2nd quarter. Jasper Ridge Partners L.P. now owns 13,041 shares of the information technology services provider’s stock valued at $1,295,000 after acquiring an additional 8,716 shares in the last quarter. Flputnam Investment Management Co. increased its stake in shares of ServiceNow by 1,748.5% in the second quarter. Flputnam Investment Management Co. now owns 99,856 shares of the information technology services provider’s stock worth $9,914,000 after acquiring an additional 94,454 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of ServiceNow by 7.7% during the second quarter. Wedbush Securities Inc. now owns 42,739 shares of the information technology services provider’s stock worth $4,243,000 after acquiring an additional 3,063 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Wall Street Analysts Forecast Growth

NOW has been the subject of a number of research reports. Citic Securities reduced their price objective on ServiceNow from $168.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. TD Cowen reaffirmed a “buy” rating and issued a $140.00 target price on shares of ServiceNow in a research report on Monday, August 17th. KeyCorp reaffirmed an “underweight” rating on shares of ServiceNow in a research note on Tuesday, July 21st. Robert W. Baird lifted their price target on ServiceNow from $118.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, Capital One Financial boosted their price target on ServiceNow from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $144.24.

ServiceNow Price Performance

NYSE NOW opened at $142.69 on Wednesday. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $194.73. The stock’s 50-day moving average is $114.37 and its two-hundred day moving average is $107.20. 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 market cap of $147.54 billion, a P/E ratio of 89.18, a price-to-earnings-growth ratio of 2.60 and a beta of 0.97.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.04. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.The firm’s revenue was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 EPS. On average, analysts anticipate that ServiceNow, Inc. will post 2.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Paul Fipps sold 2,034 shares of ServiceNow 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 of the company’s stock, valued at $2,706,760.35. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Edward Chamberlain sold 2,700 shares of the business’s stock in a transaction 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 completion of the sale, the director owned 43,990 shares of the company’s stock, valued at $5,960,645. The trade was a 5.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 14,081 shares of company stock worth $1,937,904. 0.34% of the stock is currently owned by insiders.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Investor sentiment is supported by reports that ServiceNow’s AI-related contracts have surpassed $1 billion. The company’s latest quarterly results also exceeded expectations, with EPS of $0.90 versus the $0.86 consensus and revenue of $3.99 billion versus $3.93 billion expected; revenue increased 24% year over year. ServiceNow Stock Surges Nearly 5% as AI Revenue Reaches $1 Billion Benchmark
• Positive Sentiment: A rebound in software stocks is helping ServiceNow. Recent enterprise-software earnings have eased concerns that generative AI will displace traditional applications, instead suggesting that AI may increase demand for automation and workflow tools. The SaaSpocalypse Trade Is Cracking
• Neutral Sentiment: Analysts remain moderately optimistic despite ServiceNow’s weaker performance than some software peers. Comparisons with Salesforce, UiPath and Fujitsu emphasize NOW’s strong enterprise position, while noting that competition and the profitability of agentic AI adoption remain important risks. ServiceNow Stock Performance Compared With Peers
• Negative Sentiment: Several insiders have recently sold shares. Director Paul Edward Chamberlain sold 2,700 shares for about $365,850, while executives Jacqueline Canney and Paul Fipps sold approximately $1.08 million and $301,000, respectively. Canney’s transaction was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but the cluster of sales may still weigh on sentiment. SEC Insider Filing
• Negative Sentiment: Escalating geopolitical tensions and overall market weakness have pressured software stocks, creating a near-term headwind for NOW despite its company-specific AI catalysts. ServiceNow Stock Slips

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.