28,665 Shares in ServiceNow, Inc. $NOW Purchased by CIBC Bancorp USA Inc.

CIBC Bancorp USA Inc. acquired a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 28,665 shares of the information technology services provider’s stock, valued at approximately $26,380,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NOW. Vanguard Group Inc. boosted its stake in ServiceNow by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 20,210,924 shares of the information technology services provider’s stock valued at $18,599,709,000 after purchasing an additional 315,861 shares during the last quarter. State Street Corp raised its stake in shares of ServiceNow by 1.4% in the third quarter. State Street Corp now owns 9,454,699 shares of the information technology services provider’s stock worth $8,700,970,000 after purchasing an additional 131,080 shares during the last quarter. Norges Bank purchased a new position in shares of ServiceNow in the second quarter worth $2,589,235,000. Wellington Management Group LLP lifted its holdings in shares of ServiceNow by 5.4% during the third quarter. Wellington Management Group LLP now owns 2,287,300 shares of the information technology services provider’s stock valued at $2,104,956,000 after purchasing an additional 118,060 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of ServiceNow by 10.2% during the second quarter. Alliancebernstein L.P. now owns 1,910,078 shares of the information technology services provider’s stock valued at $1,963,713,000 after purchasing an additional 177,392 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NOW shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price objective on shares of ServiceNow in a research note on Thursday, January 29th. Stifel Nicolaus set a $180.00 target price on shares of ServiceNow and gave the company a “buy” rating in a research report on Thursday, January 29th. The Goldman Sachs Group set a $216.00 target price on shares of ServiceNow in a report on Monday, February 2nd. TD Cowen decreased their price target on shares of ServiceNow from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Finally, Guggenheim upgraded shares of ServiceNow from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $192.61.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Big-picture AI partnerships (Microsoft, OpenAI and others) are accelerating product adoption and enterprise deals, reinforcing ServiceNow’s revenue growth outlook and long-term AI thesis. ServiceNow Expands AI Reach via Partnerships: More Upside Ahead?
• Positive Sentiment: ServiceNow reported solid Q4 results (20.7% revenue growth, EPS beat, strong renewals and large remaining performance obligations), supporting the case for durable subscription revenue. NOW trading background & earnings
• Positive Sentiment: New strategic partnership with Cohesity targets resilient, enterprise-grade recovery for autonomous AI agents — could deepen stickiness of AI workflows and create cross-sell opportunities. Cohesity and ServiceNow Deliver Real-Time Recovery for Enterprise AI Agents
• Positive Sentiment: ServiceNow expanded distribution with Carahsoft to reach broader commercial and industrial markets in North America, which could accelerate sales cycles in public sector and commercial segments. ServiceNow Expands Carahsoft Partnership
• Positive Sentiment: BNP Paribas upgraded NOW to Outperform and set a $140 target; high-profile bullish mentions (Jim Cramer) are supporting investor interest in the pullback as a buying opportunity. ServiceNow Gets Upgraded to Outperform
• Neutral Sentiment: Social and analyst debate is active — Quiver/online commentary highlights mixed sentiment: earnings resilience and insider buys but also broad analyst price-target dispersion. Market reaction remains divided. QuiverQuant discussion
• Neutral Sentiment: Smaller regional news (RapDev ranking) is unlikely to move NOW’s stock materially but reflects broader partner ecosystem momentum. RapDev Boston Globe ranking
• Negative Sentiment: Competition and attrition risk: eight ex-ServiceNow salespeople were hired by startup Serval, highlighting sales talent leakage at a time when go-to-market execution matters. Eight ex-ServiceNow salespeople poached
• Negative Sentiment: CEO comments warning of AI-driven unemployment for new grads have generated negative headlines and PR risk; such rhetoric can feed investor uncertainty about near-term adoption dislocations and regulatory scrutiny. ServiceNow CEO warns on AI unemployment
• Negative Sentiment: Large institutional rebalancing (notably big reductions reported at some asset managers) increases supply risk and added downward pressure during the recent pullback. QuiverQuant institutional flows

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Kevin Thomas Mcbride sold 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $105.71, for a total transaction of $147,994.00. Following the completion of the transaction, the insider owned 26,314 shares in the company, valued at $2,781,652.94. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul Fipps sold 9,641 shares of ServiceNow stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $105.93, for a total value of $1,021,271.13. Following the completion of the sale, the insider directly owned 11,757 shares in the company, valued at approximately $1,245,419.01. The trade was a 45.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,237 shares of company stock valued at $1,697,162 in the last 90 days. Insiders own 0.34% of the company’s stock.

ServiceNow Trading Down 2.5%

ServiceNow stock opened at $113.79 on Thursday. The firm has a 50 day moving average of $117.22 and a 200 day moving average of $153.82. The firm has a market capitalization of $119.03 billion, a price-to-earnings ratio of 68.22, a P/E/G ratio of 1.97 and a beta of 0.99. ServiceNow, Inc. has a 12-month low of $98.00 and a 12-month high of $211.48. 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 earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $3.57 billion for 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%. ServiceNow’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 EPS. As a group, research analysts predict that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

ServiceNow Company 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.