Assenagon Asset Management S.A. Trims Stake in ServiceNow, Inc. $NOW

Key Points

• Assenagon Asset Management S.A. cut its stake by 54.5% in Q4, selling 124,871 shares and leaving it with 104,245 shares valued at about $15.97 million.
• ServiceNow beat Q4 estimates with EPS $0.92 vs. $0.89 and revenue of $3.57B (up 20.7% YoY), while analysts keep a “Moderate Buy” consensus and a $192.61 target price.
• The stock trades near $103.69, well below its 12‑month high of $211.48, amid recent insider selling (16,237 shares worth roughly $1.7M over three months) and continued market/AI-related volatility.

Assenagon Asset Management S.A. cut its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 54.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,245 shares of the information technology services provider's stock after selling 124,871 shares during the period. Assenagon Asset Management S.A.'s holdings in ServiceNow were worth $15,969,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in ServiceNow by 1.1% in the 4th quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider's stock worth $2,919,000 after acquiring an additional 30 shares in the last quarter. Sivia Capital Partners LLC raised its stake in ServiceNow by 4.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 837 shares of the information technology services provider's stock worth $861,000 after acquiring an additional 34 shares during the period. United Bank lifted its holdings in ServiceNow by 15.5% during the second quarter. United Bank now owns 1,519 shares of the information technology services provider's stock valued at $1,562,000 after purchasing an additional 204 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in ServiceNow by 2.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,922 shares of the information technology services provider's stock valued at $1,976,000 after purchasing an additional 42 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of ServiceNow by 4.5% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 978 shares of the information technology services provider's stock worth $1,005,000 after purchasing an additional 42 shares during the period. Institutional investors own 87.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein reissued an "outperform" rating on shares of ServiceNow in a research note on Thursday, January 29th. Capital One Financial dropped their target price on shares of ServiceNow from $188.00 to $161.00 and set an "overweight" rating for the company in a report on Friday, January 16th. DZ Bank upgraded ServiceNow to a "strong-buy" rating in a research note on Thursday, December 18th. Argus raised ServiceNow to a "strong-buy" rating in a report on Wednesday, February 4th. Finally, Arete Research set a $200.00 price objective on ServiceNow in a research report on Tuesday, January 6th. Three 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $192.61.

Insider Transactions at ServiceNow

In other news, Director Paul Edward Chamberlain sold 1,500 shares of the business's stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $101.17, for a total value of $151,755.00. Following the sale, the director directly owned 46,430 shares in the company, valued at $4,697,323.10. The trade was a 3.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Fipps sold 3,696 shares of the company's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $101.77, for a total transaction of $376,141.92. Following the sale, the insider owned 8,061 shares in the company, valued at $820,367.97. This represents a 31.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,237 shares of company stock worth $1,697,162 in the last three months. Insiders own 0.34% of the company's stock.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: inMorphis was named ServiceNow Partner of the Year 2026, highlighting continued partner-led adoption in Asia‑Pacific and broader channel momentum for ServiceNow’s platform. inMorphis Named as ServiceNow Partner of the Year 2026 - Risk & Security - Asia Pacific
• Positive Sentiment: Vonage launched a native integration with ServiceNow Voice to embed voice + real‑time AI into CSM and ITSM workflows — a tangible ecosystem expansion that can increase usage of ServiceNow’s AI capabilities and stickiness with large customers. Vonage Voice AI Tie Up Puts ServiceNow Platform And Valuation In Focus
• Positive Sentiment: Analyst coverage remains supportive: Zacks highlights ServiceNow as a strong growth/momentum stock based on subscription growth, retention and backlog — reinforcing the bull case for long‑term recurring revenue. Here's Why ServiceNow (NOW) is a Strong Growth Stock
• Neutral Sentiment: ServiceNow’s Chief People & AI Enablement Officer emphasizes a “people‑first” AI adoption strategy for HR — messaging that supports enterprise adoption but is more strategic than immediately revenue‑driving. The Role of "AI Enablement" in HR
• Neutral Sentiment: Coverage noting ServiceNow’s exposure to cloud demand in indexes frames the company as a play on enterprise cloud & AI workflows — useful context for investors but not an immediate catalyst. ServiceNow NYSE: NOW Tracks Cloud Demand In Nyse composite Index
• Negative Sentiment: Jim Cramer cautioned that the stock may face “a little bit more turbulence,” adding to near‑term sentiment risk despite valuation arguments. Jim Cramer on ServiceNow: “I Think the Stock’s Going to Be in for a Little Bit More Turbulence Than It Already Has Been”
• Negative Sentiment: Recent selloffs tied to AI fears and broader market weakness have pushed NOW well below its 12‑month high, creating headline volatility that continues to pressure sentiment. Here's Why ServiceNow (NOW) Fell More Than Broader Market

ServiceNow Stock Up 0.6%

NYSE NOW opened at $103.69 on Friday. The stock has a 50 day moving average price of $113.44 and a 200-day moving average price of $150.90. ServiceNow, Inc. has a one year low of $98.00 and a one year high of $211.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $108.46 billion, a P/E ratio of 62.16, a P/E/G ratio of 1.74 and a beta of 0.99.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. As a group, equities analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current fiscal 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.

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