ServiceNow (NYSE:NOW) Stock Purchase Reported by Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of ServiceNow, Inc. (NYSE:NOW). In a filing disclosed on November 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in ServiceNow stock on October 21st. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 11/2/2026.
• Purchased $1,001 – $15,000 in shares of argenex (NASDAQ:ARGX) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of PTC (NASDAQ:PTC) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Micron Solutions (OTCMKTS:MICR) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/21/2026.
• Purchased $1,001 – $15,000 in shares of Moderna (NASDAQ:MRNA) on 10/20/2026.

ServiceNow Trading Up 3.3%

NOW opened at $102.85 on Thursday. The firm has a market cap of $106.76 billion, a P/E ratio of 73.99, a P/E/G ratio of 1.95 and a beta of 1.00. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $175.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average of $133.69 and a 200 day moving average of $114.40.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, October 28th. The information technology services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.09 billion. ServiceNow had a net margin of 9.36% and a return on equity of 15.17%. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the company earned $4.82 earnings per share. As a group, research analysts forecast that ServiceNow, Inc. will post 2.12 EPS for the current year.

ServiceNow News Roundup

These are some of the NOW news items that stood out recently:

• Neutral Sentiment: Insider Jacqueline Canney sold 1,289 shares under a pre-arranged trading plan to cover tax withholding on vested equity awards; the sale was a small reduction in her holdings. Insider share sale
• Negative Sentiment: Shares have fallen sharply over the past month, amid worries that new AI tools from Anthropic could intensify competition for enterprise software providers. Recent share-price decline AI competition concerns
• Negative Sentiment: Recent quarterly results showed revenue growth of 20.5% and revenue slightly above estimates, but earnings per share narrowly missed consensus. A law firm has also announced an investigation into potential investor claims; this is an investigation, not a finding of wrongdoing. Law firm investigation notice

Insider Activity

In other news, insider Jacqueline Canney sold 1,289 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $101.70, for a total value of $131,091.30. Following the completion of the sale, the insider owned 30,042 shares of the company’s stock, valued at approximately $3,055,271.40. This represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Paul Fipps sold 2,034 shares of the company’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 completion of the sale, the insider directly owned 18,305 shares of the company’s stock, valued at $2,706,760.35. The trade was a 10.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 13,870 shares of company stock worth $1,880,595. 0.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NOW has been the topic of several analyst reports. Canaccord Genuity Group set a $145.00 target price on ServiceNow in a research report on Thursday, October 29th. Barclays set a $152.00 price target on ServiceNow and gave the company an “overweight” rating in a report on Thursday, October 29th. BTIG Research lowered their price target on ServiceNow from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Benchmark reaffirmed a “buy” rating on shares of ServiceNow in a research note on Friday, July 17th. Finally, Stifel Nicolaus set a $160.00 price objective on shares of ServiceNow and gave the company a “buy” rating in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and an average price target of $154.50.

Institutional Investors Weigh In On ServiceNow

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of ServiceNow in the second quarter valued at about $9,536,615,000. Bank of New York Mellon Corp bought a new position in ServiceNow during the 2nd quarter worth about $712,573,000. Legal & General Group Plc purchased a new position in ServiceNow during the 2nd quarter valued at about $641,888,000. Bank of America Corp DE purchased a new position in ServiceNow during the 2nd quarter valued at about $627,355,000. Finally, Deutsche Bank AG purchased a new position in ServiceNow during the 2nd quarter valued at about $595,157,000. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

ServiceNow Company Profile

ServiceNow, Inc. provides cloud-based software that helps organizations manage digital workflows and automate business processes. Founded in 2004 by Fred Luddy, the company began with a focus on IT service management and has expanded its platform to support a range of enterprise operations. Its products include tools for IT service and operations management, customer service, human resources, security, and application development. ServiceNow also offers artificial intelligence capabilities, including tools designed to help organizations automate tasks and find information across workflows.