ServiceNow, Inc. $NOW Stock Sold by MGO One Seven LLC

MGO One Seven LLC cut its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 19.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,040 shares of the information technology services provider’s stock after selling 8,180 shares during the period. MGO One Seven LLC’s holdings in ServiceNow were worth $4,562,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NOW. BlackRock Inc. bought a new stake in ServiceNow during the 2nd quarter valued at $9,536,615,000. State Street Corp boosted its position in ServiceNow by 2.0% during the 2nd quarter. State Street Corp now owns 49,038,218 shares of the information technology services provider’s stock worth $4,868,514,000 after acquiring an additional 979,726 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of ServiceNow by 16.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,638,071 shares of the information technology services provider’s stock worth $1,651,828,000 after purchasing an additional 2,362,606 shares in the last quarter. Amundi grew its stake in shares of ServiceNow by 60.9% in the first quarter. Amundi now owns 11,479,098 shares of the information technology services provider’s stock worth $1,200,140,000 after purchasing an additional 4,346,722 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of ServiceNow by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 8,526,931 shares of the information technology services provider’s stock valued at $891,491,000 after purchasing an additional 518,263 shares during the period. 87.18% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other ServiceNow news, insider Jacqueline P. Canney sold 7,847 shares of the company’s stock in a transaction dated 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 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Chamberlain sold 2,700 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $135.50, for a total transaction of $365,850.00. Following the sale, the director directly owned 43,990 shares of the company’s stock, valued at $5,960,645. This represents a 5.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 14,081 shares of company stock worth $1,937,904. 0.34% of the stock is owned by insiders.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow launched its Control Tower Alliance to help large enterprises govern and control AI deployments. Founding partners include OpenAI, NVIDIA, Amazon Web Services, Cisco, Anthropic, and Kong, while expanded collaborations with OpenAI, Google Cloud, and Hewlett Packard Enterprise could strengthen ServiceNow’s position in AI workflows, security, and enterprise support. ServiceNow Rolls Out Control Tower Alliance
• Positive Sentiment: Despite the market reaction, ServiceNow continues to show consistent revenue growth and substantially higher revenue generation than UiPath. Its workflow automation platform and enterprise integrations are also expanding faster than Adobe’s top line, supporting the long-term growth case. ServiceNow vs. UiPath Adobe vs. ServiceNow
• Neutral Sentiment: CFO Gina Mastantuono rejected the narrative that AI is disrupting enterprise software, saying ServiceNow is strategically investing in customer success and accelerating AI adoption. The explanation may reassure long-term investors, but it also highlights near-term pressure on profitability. ServiceNow CFO Discusses AI Disruption
• Negative Sentiment: Third-quarter revenue of $4.11 billion was slightly above expectations, but adjusted EPS of $1.00 missed the $1.02 consensus estimate. Management’s increased AI-related investment and business-model changes caused a notable operating-margin decline, raising questions about the pace and quality of future growth. Top Analyst Questions From ServiceNow’s Q3 Earnings Call
• Negative Sentiment: Investors are increasingly worried that agentic AI could reduce demand for per-seat software licenses, creating a broader threat to ServiceNow’s business model. This concern, combined with a downgrade from an analyst, intensified selling despite 20.5% year-over-year revenue growth. ServiceNow and Agentic AI Disruption ServiceNow Analyst Downgrade

ServiceNow Stock Performance

Shares of NOW opened at $105.96 on Tuesday. The firm’s 50 day moving average is $138.25 and its 200-day moving average is $115.29. The stock has a market capitalization of $109.56 billion, a P/E ratio of 76.23, a P/E/G ratio of 2.75 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $184.43.

ServiceNow (NYSE:NOW) last released 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 return on equity of 15.38% and a net margin of 9.36%. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm earned $4.82 earnings per share. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. Equities research analysts anticipate that ServiceNow, Inc. will post 2.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NOW. JPMorgan Chase & Co. lifted their price objective on shares of ServiceNow from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. Benchmark reiterated a “buy” rating on shares of ServiceNow in a research report on Friday, July 17th. Bank of America raised their target price on shares of ServiceNow from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. UBS Group restated an “underweight” rating on shares of ServiceNow in a research report on Thursday. Finally, Wells Fargo & Company reduced their price target on shares of ServiceNow from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. One investment 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $154.50.

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.