Rep. Josh Gottheimer Sells Off Shares of ServiceNow, Inc. (NYSE:NOW)

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of ServiceNow, Inc. (NYSE:NOW). In a filing disclosed on February 26th, the Representative disclosed that they had sold between $1,001 and $15,000 in ServiceNow stock on January 30th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 1/30/2026.
• Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 12/17/2025.
• Sold $1,001 – $15,000 in shares of Cheniere Energy (NYSE:LNG) on 12/12/2025.
• Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 12/11/2025.
• Sold $15,001 – $50,000 in shares of Air Products and Chemicals (NYSE:APD) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Utz Brands (NYSE:UTZ) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Sysmex (OTCMKTS:SSMXY) on 12/5/2025.
• Sold $1,001 – $15,000 in shares of CommVault Systems (NASDAQ:CVLT) on 12/5/2025.
• Sold $1,001 – $15,000 in shares of SEA (NYSE:SE) on 12/5/2025.

ServiceNow Stock Down 1.2%

Shares of NOW stock opened at $108.02 on Friday. ServiceNow, Inc. has a 1-year low of $98.00 and a 1-year high of $211.48. The company has a market cap of $112.99 billion, a price-to-earnings ratio of 64.76, a price-to-earnings-growth ratio of 1.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s fifty day moving average price is $126.64 and its 200 day moving average price is $159.44.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.53 billion. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. ServiceNow’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. On average, research analysts expect that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in ServiceNow by 404.5% during the 4th quarter. Vanguard Group Inc. now owns 101,963,384 shares of the information technology services provider’s stock valued at $15,619,771,000 after acquiring an additional 81,752,460 shares during the period. State Street Corp lifted its position in shares of ServiceNow by 406.6% during the fourth quarter. State Street Corp now owns 47,896,597 shares of the information technology services provider’s stock worth $7,337,280,000 after purchasing an additional 38,441,898 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of ServiceNow by 371.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,395,663 shares of the information technology services provider’s stock valued at $4,962,692,000 after purchasing an additional 25,517,218 shares during the period. Geode Capital Management LLC boosted its stake in shares of ServiceNow by 404.8% in the fourth quarter. Geode Capital Management LLC now owns 23,512,428 shares of the information technology services provider’s stock valued at $3,591,425,000 after purchasing an additional 18,854,775 shares during the period. Finally, Morgan Stanley grew its holdings in shares of ServiceNow by 335.6% in the fourth quarter. Morgan Stanley now owns 22,733,483 shares of the information technology services provider’s stock valued at $3,482,543,000 after purchasing an additional 17,514,679 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Technicals and analyst optimism: Several outlets note NOW is deeply oversold after a ~50% drawdown and some brokerages have high price targets (Citigroup $237 noted), creating a contrarian upside case if the $100 area holds. Read More.
• Positive Sentiment: New AI product launches: ServiceNow unveiled Autonomous Workforce and EmployeeWorks to extend AI-driven orchestration and enterprise automation — a strategic move to monetize AI across workflows rather than be displaced by it. Read More.
• Positive Sentiment: Operational proof points: ServiceNow reports it resolves ~90% of its own IT requests autonomously, which management can use to demonstrate ROI to customers and accelerate sales. Read More.
• Positive Sentiment: Ecosystem and compliance wins: Moveworks from ServiceNow has FedRAMP Moderate authorization (opens public‑sector sales) and ServiceNow AVR integration with Contrast Security strengthens enterprise security credentials. Read More. and Read More.
• Neutral Sentiment: Comparative positioning: Analysts comparing GitLab and ServiceNow see NOW’s large‑deal momentum and deep workflow integrations as advantages, but the piece highlights competitive and macro headwinds in the enterprise software space. Read More.
• Neutral Sentiment: Partnership/marketing momentum: EY collaboration and third‑party integrations (e.g., startups building ServiceNow ties) support long‑term adoption but are incremental near‑term drivers. Read More.
• Negative Sentiment: Insider selling: Director/insider Paul Fipps sold 3,696 shares (~$376k) on Feb 23, trimming his stake — an isolated insider sale that can be read negatively by some investors. Read More.
• Negative Sentiment: Rising short interest and narrative risk: Short interest rose markedly in February (~28% increase), and ongoing media/analyst debate about AI eroding software growth is keeping sentiment weak and amplifying volatility. Read More.
• Negative Sentiment: Investor patience tested: Coverage notes that rolling out AI products and integrating acquisitions (Moveworks) is necessary but may test investor patience as management demonstrates real revenue and margin benefits. Read More.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, CFO Gina Mastantuono sold 2,075 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $170.00, for a total value of $352,750.00. Following the completion of the transaction, the chief financial officer owned 61,140 shares of the company’s stock, valued at $10,393,800. This trade represents a 3.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul Fipps sold 3,696 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $101.77, for a total value of $376,141.92. Following the sale, the insider directly owned 8,061 shares in the company, valued at $820,367.97. This represents a 31.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,312 shares of company stock valued at $2,049,912 in the last quarter. Corporate insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Truist Financial set a $175.00 price target on shares of ServiceNow in a research report on Thursday, February 5th. Oppenheimer reiterated an “outperform” rating and issued a $175.00 price objective (down from $200.00) on shares of ServiceNow in a research note on Wednesday, January 21st. UBS Group set a $115.00 price target on ServiceNow in a research report on Thursday, January 29th. Argus upgraded ServiceNow to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price objective on ServiceNow in a report on Thursday, January 29th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.06.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.