Composition Wealth LLC Purchases 21,492 Shares of ServiceNow, Inc. $NOW

Key Points

• Composition Wealth LLC boosted its stake in ServiceNow by 381.8% in Q4, buying 21,492 shares to hold 27,121 shares valued at about $4.16 million.
• ServiceNow reported Q1 revenue up 22.1% YoY with EPS of $0.97 (in line with estimates), and analysts remain mostly bullish with a consensus "Moderate Buy" and a $146.75 target despite several recent price‑target cuts.
• Despite solid fundamentals, the stock has faced near‑term pressure (a roughly 13–18% short‑term slide), insiders sold about 25,164 shares (~$2.5M) in the past 90 days, and shares are trading near $91 versus 50‑ and 200‑day SMAs of $103 and $135.

Composition Wealth LLC increased its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 381.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,121 shares of the information technology services provider's stock after acquiring an additional 21,492 shares during the period. Composition Wealth LLC's holdings in ServiceNow were worth $4,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Magnus Financial Group LLC increased its holdings in ServiceNow by 1.9% during the 3rd quarter. Magnus Financial Group LLC now owns 589 shares of the information technology services provider's stock worth $542,000 after acquiring an additional 11 shares during the period. Avidian Wealth Enterprises LLC increased its holdings in ServiceNow by 2.5% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 453 shares of the information technology services provider's stock worth $417,000 after acquiring an additional 11 shares during the period. Yoder Wealth Management Inc. increased its holdings in ServiceNow by 4.6% during the 3rd quarter. Yoder Wealth Management Inc. now owns 272 shares of the information technology services provider's stock worth $250,000 after acquiring an additional 12 shares during the period. Meridian Wealth Advisors LLC increased its holdings in ServiceNow by 2.2% during the 3rd quarter. Meridian Wealth Advisors LLC now owns 552 shares of the information technology services provider's stock worth $508,000 after acquiring an additional 12 shares during the period. Finally, True Wealth Design LLC increased its holdings in shares of ServiceNow by 52.0% in the 3rd quarter. True Wealth Design LLC now owns 38 shares of the information technology services provider's stock worth $35,000 after buying an additional 13 shares during the last quarter. Institutional investors own 87.18% of the company's stock.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Q1 results and guidance support the growth story: ServiceNow reported strong subscription revenue growth (~22% YoY) and provided forward metrics that underpin its AI and workflow transition — a clear fundamental reason some investors remain bullish. ServiceNow (NOW) Announces Financial Results for Q1 2026
• Positive Sentiment: Analyst backing and higher targets: Major brokers continue to rate NOW as a Buy (high proportion of analysts bullish); Evercore ISI maintained a buy and Citi raised its price target to $158, supporting upside narratives versus current pricing. Evercore ISI Maintains Buy Rating on ServiceNow Inc. (NOW) Citigroup Raises Price Target
• Positive Sentiment: Partnerships and partner ecosystem expansion: New collaborations (Simplify Alpha for health plans, Brightfin and partner activity highlighted at Knowledge 2026) and third‑party recognition (Atos/partner rankings) strengthen ServiceNow’s go‑to‑market for AI-native workflow products. These help support long‑term revenue expansion opportunities. ServiceNow And Simplify Alpha Target Health Plan Costs With AI Workflows
• Neutral Sentiment: Insider sale disclosed: An insider sold about $799,859 of stock — a data point to monitor, though single insider transactions aren’t decisive without context on timing and reason. ServiceNow NYSE: NOW Insider Sells $799,859.20 in Stock
• Negative Sentiment: Near‑term execution concerns and sell‑side/media narrative: Coverage highlights delayed Middle East deals and intensifying SaaS competition as reasons for a month‑long ~13% slide, which has amplified investor anxiety and pressured the stock despite healthy fundamentals. ServiceNow Drops 13.4% in a Month: Buy, Sell or Hold the Stock?
• Negative Sentiment: Sentiment headwinds from “SaaSpocalypse” debate: Media and some traders have punished the stock after the earnings reaction; commentators and analysts are publicly pushing back, but short‑term sentiment risk remains elevated. Analysts Push Back on SaaSpocalypse: Is ServiceNow a Screaming Buy?

Insider Activity

In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of the stock in a transaction 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 completion of the sale, the director owned 46,430 shares of the company's stock, valued at $4,697,323.10. This represents a 3.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Fipps sold 3,696 shares of ServiceNow stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $101.77, for a total transaction of $376,141.92. Following the completion of the sale, the insider owned 8,061 shares in the company, valued at approximately $820,367.97. This trade represents a 31.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 25,164 shares of company stock worth $2,497,021. 0.34% of the stock is currently owned by corporate insiders.

ServiceNow Trading Up 3.3%

Shares of NOW opened at $91.23 on Friday. The stock has a market capitalization of $94.06 billion, a P/E ratio of 54.37, a PEG ratio of 1.61 and a beta of 0.82. 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 fifty day simple moving average of $103.45 and a two-hundred day simple moving average of $134.92. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $211.48.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting the consensus estimate of $0.97. The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The firm's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 EPS. On average, research analysts anticipate that ServiceNow, Inc. will post 2.35 EPS for the current year.

Wall Street Analysts Forecast Growth

NOW has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a "buy" rating and issued a $135.00 price target (down from $175.00) on shares of ServiceNow in a report on Thursday, April 23rd. BNP Paribas Exane raised shares of ServiceNow from a "neutral" rating to an "outperform" rating and set a $140.00 price target on the stock in a report on Monday, March 16th. Royal Bank Of Canada decreased their price target on shares of ServiceNow from $150.00 to $121.00 and set an "outperform" rating on the stock in a report on Monday, April 13th. Evercore decreased their price target on shares of ServiceNow from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Thursday, April 23rd. Finally, Needham & Company LLC decreased their price target on shares of ServiceNow from $155.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, ServiceNow presently has a consensus rating of "Moderate Buy" and a consensus target price of $146.75.

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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