Alamar Capital Management LLC Purchases Shares of 11,240 ServiceNow, Inc. $NOW

Key Points

• Alamar Capital Management opened a new position in ServiceNow during the first quarter, buying 11,240 shares worth about $1.175 million.
• ServiceNow’s latest quarterly results beat expectations, with EPS of $0.90 versus $0.86 expected and revenue of $3.99 billion versus $3.93 billion expected. Revenue rose 24% year over year, showing continued strong growth.
• Institutional ownership remains very high, with 87.18% of shares held by institutions. Meanwhile, some insiders have been selling shares, including notable sales by Paul Fipps and Anita M. Sands.

Alamar Capital Management LLC acquired a new position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,240 shares of the information technology services provider's stock, valued at approximately $1,175,000.

A number of other institutional investors and hedge funds have also modified their holdings of NOW. Davis R M Inc. raised its stake in shares of ServiceNow by 5.3% in the first quarter. Davis R M Inc. now owns 161,587 shares of the information technology services provider's stock valued at $16,894,000 after purchasing an additional 8,128 shares in the last quarter. Monograph Wealth Advisors LLC acquired a new stake in ServiceNow during the first quarter worth $444,000. State of Wyoming boosted its stake in ServiceNow by 355.0% during the first quarter. State of Wyoming now owns 1,688 shares of the information technology services provider's stock worth $176,000 after buying an additional 1,317 shares in the last quarter. Cetera Investment Advisers increased its holdings in ServiceNow by 16.6% in the 1st quarter. Cetera Investment Advisers now owns 469,873 shares of the information technology services provider's stock valued at $49,125,000 after buying an additional 66,974 shares during the period. Finally, Bowie Capital Management LLC increased its holdings in ServiceNow by 95.4% in the 1st quarter. Bowie Capital Management LLC now owns 8,999 shares of the information technology services provider's stock valued at $941,000 after buying an additional 4,394 shares during the period. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Price Performance

NYSE:NOW opened at $95.50 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm has a market cap of $98.46 billion, a PE ratio of 56.91, a price-to-earnings-growth ratio of 1.71 and a beta of 0.96. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $210.20. The company's 50-day moving average price is $104.67 and its two-hundred day moving average price is $108.16.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.04. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the business posted $0.81 earnings per share. The company's revenue was up 24.0% on a year-over-year basis. On average, equities analysts anticipate that ServiceNow, Inc. will post 2.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Mizuho decreased their target price on shares of ServiceNow from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Thursday, April 23rd. HSBC dropped their price target on shares of ServiceNow from $226.00 to $171.00 and set a "buy" rating for the company in a research report on Thursday, April 16th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $145.00 price objective (down from $163.00) on shares of ServiceNow in a report on Wednesday, July 8th. Sanford C. Bernstein reiterated an "outperform" rating on shares of ServiceNow in a research note on Monday, June 29th. Finally, Benchmark reissued a "buy" rating on shares of ServiceNow in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $139.24.

Insiders Place Their Bets

In other news, insider Paul Fipps sold 1,048 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $98.51, for a total transaction of $103,238.48. Following the sale, the insider owned 12,072 shares in the company, valued at approximately $1,189,212.72. This represents a 7.99% decrease in their ownership of the stock. 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, Director Anita M. Sands sold 16,445 shares of the firm's stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $90.14, for a total value of $1,482,352.30. Following the completion of the sale, the director owned 30,090 shares of the company's stock, valued at approximately $2,712,312.60. This trade represents a 35.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 28,071 shares of company stock valued at $2,529,956. Company insiders own 0.34% of the company's stock.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow beat second-quarter expectations, reporting EPS of $0.90 versus $0.86 expected and revenue of $3.99 billion versus $3.93 billion expected, with subscription revenue rising 24.5% year over year. ServiceNow Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised its annual subscription revenue forecast again, signaling that demand for its AI-powered platform remains strong and helping reinforce the growth story. ServiceNow raises annual subscription revenue forecast again on AI-driven demand
• Positive Sentiment: ServiceNow highlighted new public-sector wins across nearly all 50 U.S. states and an expanded partnership with Leidos, both of which suggest continued enterprise adoption of its AI platform. ServiceNow accelerates AI-powered government reinvention across nearly all 50 U.S. states with new customer wins
• Positive Sentiment: Management also pushed back on fears that AI competition will hurt ServiceNow, arguing its “kill switch” and workflow control capabilities make the platform more important as customers adopt autonomous AI agents. ServiceNow CEO defends the company's relevancy, touting a kill switch for rogue AI agents
• Neutral Sentiment: ServiceNow also announced a small strategic investment in BusinessNext, a move that could expand its banking automation reach but is not likely to move the stock by itself. ServiceNow buys 5% of BusinessNext, values Indian software firm at $700 million
• Negative Sentiment: Despite the earnings beat, investors remain cautious because the stock had already sold off sharply into the report, and some commentary pointed to AI disruption risks and softer guidance as reasons the rally could fade. ServiceNow Earnings Top Views, Revenue Outlook Light, Software Stock Climbs
• Negative Sentiment: Earlier bearish analyst coverage and broader concerns about OpenAI and other AI tools pressuring legacy workflow software likely weighed on sentiment before earnings. ServiceNow gets bearish call before major earnings test

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.

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