Calamos Advisors LLC Acquires 358,991 Shares of ServiceNow, Inc. $NOW

Key Points

• Calamos Advisors LLC boosted its stake in ServiceNow by 321.9% in Q4, buying 358,991 shares to hold 470,517 shares worth about $72.08 million.
• ServiceNow beat Q1 revenue and EPS (revenue +22.1%, EPS $0.97) and pointed to accelerating AI adoption plus strategic moves like the $7.75 billion Armis acquisition and deeper Google Cloud ties, but analysts have trimmed price targets and management flagged deal delays, margin/guidance concerns and rising short interest as near‑term headwinds.

Calamos Advisors LLC raised its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 321.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 470,517 shares of the information technology services provider's stock after buying an additional 358,991 shares during the quarter. Calamos Advisors LLC's holdings in ServiceNow were worth $72,078,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Magnus Financial Group LLC boosted its holdings in ServiceNow by 1.9% in the 3rd quarter. Magnus Financial Group LLC now owns 589 shares of the information technology services provider's stock valued at $542,000 after purchasing an additional 11 shares during the period. Avidian Wealth Enterprises LLC grew its position in ServiceNow by 2.5% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 453 shares of the information technology services provider's stock worth $417,000 after purchasing an additional 11 shares during the last quarter. Regatta Capital Group LLC increased its holdings in shares of ServiceNow by 1.9% during the 3rd quarter. Regatta Capital Group LLC now owns 633 shares of the information technology services provider's stock worth $583,000 after purchasing an additional 12 shares during the period. Traveka Wealth LLC increased its holdings in shares of ServiceNow by 3.8% during the 3rd quarter. Traveka Wealth LLC now owns 330 shares of the information technology services provider's stock worth $304,000 after purchasing an additional 12 shares during the period. Finally, Yoder Wealth Management Inc. raised its position in shares of ServiceNow by 4.6% during the third quarter. Yoder Wealth Management Inc. now owns 272 shares of the information technology services provider's stock valued at $250,000 after buying an additional 12 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. DA Davidson decreased their target price on ServiceNow from $220.00 to $190.00 and set a "buy" rating on the stock in a research report on Thursday. FBN Securities cut their price target on ServiceNow from $160.00 to $120.00 in a report on Thursday. Truist Financial reduced their price objective on ServiceNow from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday. Benchmark started coverage on ServiceNow in a research report on Wednesday, April 1st. They set a "buy" rating and a $125.00 price objective on the stock. Finally, Capital One Financial reduced their target price on ServiceNow from $158.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $146.65.

ServiceNow Price Performance

NYSE:NOW opened at $90.09 on Friday. The company has a quick ratio of 1.00, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm has a market cap of $93.34 billion, a PE ratio of 53.69, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $211.48. The company's 50-day moving average price is $104.84 and its two-hundred day moving average price is $137.81.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, hitting analysts' consensus estimates of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the company earned $0.81 EPS. ServiceNow's revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities analysts anticipate that ServiceNow, Inc. will post 2.49 EPS for the current fiscal year.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Company fundamentals and AI traction remain supportive — ServiceNow beat revenue/earnings views for Q1 and highlighted accelerating AI product adoption (Now Assist / AI agents) that management says will drive long‑term growth. ServiceNow Reports First Quarter 2026 Financial Results
• Positive Sentiment: Strategic moves boost the product and security stack — ServiceNow closed the $7.75B Armis acquisition (extends security capabilities) and deepened Google Cloud AI partnerships, which support cross‑sell and AI workflow positioning. Armis acquisition Google Cloud partnership
• Neutral Sentiment: Mixed analyst reactions — Several firms reaffirmed buy/overweight ratings (some even raised PTs), but many cut targets after the quarter; consensus still leaves upside from current levels, reflecting disagreement over near‑term vs. long‑term outlook. Analyst coverage
• Negative Sentiment: Geopolitical deal delays hit near‑term growth — Management said Middle East conflict delayed several large deal closings (≈75 bps revenue headwind in Q1), and that pushed investors to downgrade near‑term growth expectations. Middle East deal delays
• Negative Sentiment: Margin and guidance concerns — Investors focused on acquisition costs (Armis) and a softer margin outlook/full‑year subscription guidance that many viewed as disappointing, triggering the sector‑wide selloff. Margin/guidance coverage
• Negative Sentiment: Short interest jumped — Short interest rose ~30% in April to ~38.95M shares (~3.8% of shares), increasing potential downside pressure and volatility if bearish sentiment persists.

Insider Activity at ServiceNow

In other news, Director Paul Edward Chamberlain sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $101.17, for a total transaction of $151,755.00. Following the transaction, the director directly owned 46,430 shares in the company, valued at approximately $4,697,323.10. This represents a 3.13% 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. Also, insider Kevin Thomas Mcbride sold 1,400 shares of the firm's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $105.71, for a total transaction of $147,994.00. Following the completion of the sale, the insider directly owned 26,314 shares of the company's stock, valued at approximately $2,781,652.94. This represents a 5.05% 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 over the last ninety days. 0.34% of the stock is owned by insiders.

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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